Quest Ventures is launching a $50-million fund targeting early-stage, digital commerce startups in Southeast Asia.
The Singapore-based venture capital has also named two new partners – Goh Yiping and Jeffrey Seah – who have been venture partners with the firm since 2016 and 2017 respectively.
Goh is the former CEO and co-founder of All Deals Asia. She was also the chief product officer and co-founder of MatahariMall.com, an Indonesian fashion e-commerce site backed by Lippo Group.
Seah was Southeast Asia CEO at Starcom Mediavest Group (SMG), and former CEO of Mindshare where he oversaw the Singapore, Malaysia and Indonesian markets.
Quest Ventures’ notable investments include Carousell, Carro, Eatsy, Ethis, 42Race, Glife, 99.co, ShopBack, SGAG/ MGAG/ PGAG, Spiking, Style Theory, Vulcan Post and Xfers. It has over 40 companies in its portfolio.
According to Quest Ventures’ website, the VC also runs innovation labs and corporate accelerators. It has also partnered companies globally on their corporate venture capital arms. Its clients include Nissan, VMWare, Yahoo, HP, Tencent and Coca Cola.