Introduction and Investment Philosophy
Quest Ventures is one of Asia’s leading venture capital firms, supported by Singapore’s national investment fund and a network of institutional investors, family offices, and influential entrepreneurs. Since its inception in 2011, the fund has pursued a comprehensive digital economy strategy, focusing on high-growth sectors such as artificial intelligence, e-commerce and platforms, entertainment, finance, logistics, and Islamic digital economy. Quest Ventures’ investment strategy targets early-stage startups, from seed to Series A, and has been proven successful with the development of industry-leading companies such as Carousell, 99.co, Carro, Shopback, and Xfers.
Quest Ventures operates with an internal rate of return (IRR) exceeding 23% and manages over 80 million USD across more than 3 funds. Its portfolio includes over 100 startups across 150 cities in Asia, creating job opportunities for more than 4,400 employees while directly impacting thousands more through its efforts in Environmental, Social, and Governance (ESG).
Global Operations of Quest Ventures
Quest Ventures operates in key cities across Asia, including Southeast Asia and Central Asia, focusing on investing in startups and supporting growth through its extensive network and resources. In addition to its investments, Quest Ventures shares valuable insights and trends at international conferences and through media engagements. The firm also runs accelerator programs across Asia, with notable initiatives in Singapore, Malaysia, Vietnam, and Kazakhstan. Furthermore, Quest Ventures offers a Venture Capital Accelerator (VCA) program, a training course designed to introduce aspiring venture capitalists, angel investors, entrepreneurs, and fund managers to the fundamentals of venture capital. This program has been held in Manila, Singapore, and Vietnam, equipping participants with essential knowledge and skills to thrive in the startup ecosystem.
Quest Ventures’ Activities in Vietnam
In Vietnam, Quest Ventures plays a pivotal role in the development of the startup ecosystem. The firm has partnered with Enterprise Singapore on the Global Innovation Alliance Acceleration Programme for Vietnam, supporting over 80 Singaporean startups since 2020 through advisory services, business connections, and market access facilitation.
Quest Ventures has also invested in promising startups in Vietnam, such as Vulcan Augmentics and Kamereo. These investments align with Quest Ventures’ commitment to fostering innovation and supporting the growth of high-potential startups in Vietnam.
Moreover, Quest Ventures actively participates in events like the Da Nang Investment and Angel Investors Conference, where it connects startups with investment funds to promote the startup landscape in Vietnam. In collaboration with the Da Nang Department of Science and Technology, Quest Ventures launched the Da Nang-Singapore Innovation Space, aimed at fostering sustainable development and cross-border collaboration. These initiatives reflect Quest Ventures’ commitment to driving innovation and supporting growth not only in Vietnam but also on a broader regional scale.
Through its investments, programs, and partnerships, Quest Ventures is making a significant impact on the startup ecosystem in Vietnam, helping to develop and scale local companies while contributing to the broader Asian startup ecosystem.
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