Quest Ventures

Quest Ventures is a prominent venture capital firm based in Singapore, established in 2011. The firm is dedicated to fostering the digital economy across Asia, with a particular focus on sectors such as artificial intelligence, e-commerce, entertainment, finance, food, insurance, logistics, media, property, and sports. It has built a diverse portfolio that includes leading companies like 99.co, Carousell, and Shopback, among others. In addition to its investment activities, Quest Ventures collaborates with the Applied Innovation Institute to drive enterprise innovation and transformation in various industries, including aviation and smart cities. The firm also emphasizes social responsibility through its environment, social, and governance (ESG) strategy, supporting initiatives aimed at financial inclusion, gender equality, healthcare, and education. By the end of 2023, Quest Ventures' portfolio comprises over 100 companies operating in more than 150 cities, creating significant employment opportunities and contributing to the advancement of the region's economic potential.

Anqi Liu

Partner, Metaverse Fund

Dai Feng

Associate Director

Cheng Lei

Associate Director

Koh Wei Shan

Director, Sustainable Impact Accelerator

James Tan

Co-Founder and Managing Partner

Yunming Wang

Co-Founder and Venture Partner

Past deals in ASEAN

Vulcan Augmetics

Seed Round in 2023
Vulcan Augmetics is a Vietnam-based startup focused on creating affordable, modular robotic prosthetics that can be easily assembled and customized online, akin to building with LEGO. The company aims to become a leader in upgrading human capabilities through innovative technology. Their initial offerings include a range of prosthetic devices designed for both business-to-business and business-to-consumer markets, emphasizing modularity for ease of maintenance and cost-effectiveness. Each prosthetic features multiple flexible opening modes and is constructed from silicone materials, making them adaptable and accessible for amputees, particularly in developing nations. Vulcan Augmetics plans to expand its product line beyond prosthetics into various wearable technologies, including health monitoring devices and augmented reality systems. This growth strategy will leverage their online platform to facilitate interoperability among products and foster connections with designers and local manufacturers, ultimately positioning the company as a marketplace for body-mounted technology.

GajiGesa

Convertible Note in 2023
GajiGesa, founded in 2020 and headquartered in Jakarta, is a fintech company focused on enhancing financial wellness for employees in Indonesia. The company offers a robust financial wellness platform that provides earned wage access, financial education, and management tools designed to improve the financial health of users. By partnering with over 60 employers and serving tens of thousands of employees, GajiGesa aims to alleviate financial stress and reduce reliance on informal lenders. Its innovative app promotes financial independence among workers, particularly those with micro-businesses, and addresses common financial challenges such as health-related expenses. In addition, GajiGesa introduced GajiTim, an employee management application for micro, small, and medium enterprises (MSMEs) that streamlines income tracking and salary calculation, attracting over 50,000 active users since its launch. The company has experienced significant growth and continues to establish itself as a leading financial partner for employers, enhancing employee productivity, engagement, and retention.

MCT Pay

Series A in 2022
MCT Pay is a digital payment solution company established in 2015 and headquartered in Waterloo, Singapore. The company focuses on empowering micro and small businesses, as well as large corporates, by providing a comprehensive cashless payment platform. Its services include remittance, bank account management, and payment processing for both fiat and cryptocurrency. By offering a one-stop e-payment solution, MCT Pay aims to streamline financial transactions for merchants, financial institutions, and corporate clients, facilitating easier access to digital payment services.

ZumVet

Series A in 2022
ZumVet is a veterinary consultation platform based in Singapore that offers affordable and convenient veterinary care. Incorporated in 2019, the company focuses on providing services such as teleconsultation, home visits, and e-prescriptions for pets. ZumVet aims to enhance pet care by enabling video consultations, which facilitate access to veterinary expertise while also offering medication delivery. Through its services, the company provides users with digital medical records, ensuring a streamlined and efficient approach to pet healthcare.

Populix

Series A in 2022
Populix is a consumer insights platform based in Jakarta, Indonesia, founded in 2018. The company connects businesses and institutions with a large pool of approximately 300,000 qualified respondents, facilitating both qualitative and quantitative research. Populix enables clients to conduct studies, recruit respondents, and analyze data efficiently. The platform offers a range of services, including the ability to launch custom research projects, access curated panels, and purchase pre-existing datasets and reports. By providing accurate and real-time data, Populix supports organizations in making informed decisions based on reliable insights.

Glife

Series A in 2022
Glife is a food technology company based in Singapore that connects farmers with the hospitality, restaurant, and catering (HORECA) industry. It specializes in distributing fresh fruits, vegetables, and plant-based products, serving over 700 customers in Singapore while expanding into other Southeast Asian markets. Glife develops an invoicing system for restaurants to manage perishable goods and enhance the traceability of produce from farmers. Additionally, the company pilot-tests on-demand logistics technology to improve last-mile delivery fulfillment. By focusing on sourcing, storage, packing, and distribution, Glife aims to empower smallholder farmers and businesses, helping them mitigate risks related to mishandling, damage, and contamination.

Fairmart

Seed Round in 2021
Fairmart is a company that helps retail stores increase sales by making their products easily searchable online. It assists retailers in automatically digitizing their inventory, allowing customers to find and pre-order products from nearby physical stores. This service facilitates the digital transformation of Singapore's minimarts, grocery stores, and specialty shops by automating inventory management and enabling omnichannel customer engagement.

Fairmart

Seed Round in 2021
Fairmart is a company that helps retail stores increase sales by making their products easily searchable online. It assists retailers in automatically digitizing their inventory, allowing customers to find and pre-order products from nearby physical stores. This service facilitates the digital transformation of Singapore's minimarts, grocery stores, and specialty shops by automating inventory management and enabling omnichannel customer engagement.

GajiGesa

Seed Round in 2021
GajiGesa, founded in 2020 and headquartered in Jakarta, is a fintech company focused on enhancing financial wellness for employees in Indonesia. The company offers a robust financial wellness platform that provides earned wage access, financial education, and management tools designed to improve the financial health of users. By partnering with over 60 employers and serving tens of thousands of employees, GajiGesa aims to alleviate financial stress and reduce reliance on informal lenders. Its innovative app promotes financial independence among workers, particularly those with micro-businesses, and addresses common financial challenges such as health-related expenses. In addition, GajiGesa introduced GajiTim, an employee management application for micro, small, and medium enterprises (MSMEs) that streamlines income tracking and salary calculation, attracting over 50,000 active users since its launch. The company has experienced significant growth and continues to establish itself as a leading financial partner for employers, enhancing employee productivity, engagement, and retention.

GajiGesa

Seed Round in 2021
GajiGesa, founded in 2020 and headquartered in Jakarta, is a fintech company focused on enhancing financial wellness for employees in Indonesia. The company offers a robust financial wellness platform that provides earned wage access, financial education, and management tools designed to improve the financial health of users. By partnering with over 60 employers and serving tens of thousands of employees, GajiGesa aims to alleviate financial stress and reduce reliance on informal lenders. Its innovative app promotes financial independence among workers, particularly those with micro-businesses, and addresses common financial challenges such as health-related expenses. In addition, GajiGesa introduced GajiTim, an employee management application for micro, small, and medium enterprises (MSMEs) that streamlines income tracking and salary calculation, attracting over 50,000 active users since its launch. The company has experienced significant growth and continues to establish itself as a leading financial partner for employers, enhancing employee productivity, engagement, and retention.

SG Assist

Seed Round in 2019
SG Assist is an information technology company based in Singapore, established in 2018. It specializes in developing a crowd-sourced mobile application aimed at supporting vulnerable members of the community, such as the elderly, single parents, and individuals with chronic health conditions. The platform connects caregivers with a community response team, facilitating timely assistance for beneficiaries at home. By allowing users to request help from trained and trusted responders, SG Assist enhances the ability of working caregivers to ensure the well-being of their loved ones while they are at work.

Cafebond.com

Pre Seed Round in 2018
Cafebond Private Limited operates an online platform that serves as Asia's largest specialty coffee beans e-commerce marketplace. Founded in 2015 in Singapore by Keyis Ng and Eugene Chen, the company was inspired by a memorable coffee experience in Melbourne. Cafebond.com allows customers to purchase freshly roasted coffee beans from top global coffee roasters, facilitating consolidated shipping to reduce costs. The platform partners directly with these roasters to ensure that all coffee is ethically sourced and roasted to order, maintaining a zero-inventory model. Customers receive their coffee weekly, ensuring freshness upon delivery. Additionally, Cafebond.com has developed an office coffee pantry program, catering to various corporate clients. The company is backed by venture capital and media investments, underscoring its commitment to promoting a better coffee experience for consumers.

NodeFlair

Funding Round in 2018
NodeFlair is a career development platform that focuses on providing career transparency for tech professionals in Asia. Targeting a global pool of 25 million tech talents, NodeFlair aims to assist individuals in making informed career decisions through its innovative services. The platform aggregates job listings from various sources, allowing users to filter opportunities based on location and job type. Additionally, NodeFlair is renowned for its verified salary data, which is derived from user-submitted payslips and historical job listings, thereby enabling tech talents to understand salary expectations and make better-informed decisions about their careers. As a result, over 20% of tech professionals in Singapore have utilized NodeFlair's resources to enhance their career choices.

Wanderhow

Seed Round in 2018
Wanderhow is a company focused on enhancing the travel experience for tourists visiting Singapore by developing a hyperlocal travel guide website. The platform aims to provide tailored recommendations and insights, enabling travelers to explore the city more effectively. Currently operating in stealth mode, Wanderhow is working on creating a resource that caters specifically to the needs and preferences of visitors, ensuring they can navigate and enjoy Singapore with ease.

Telepod

Venture Round in 2018
Telepod is a technology developer specializing in micro electric vehicles (EVs), particularly in the domain of e-scooter sharing services. The company has established a network of battery stations and has successfully deployed fleets of scooters equipped with Internet of Things (IoT) capabilities and swappable battery technology across various countries, including the United States, Indonesia, India, Malaysia, and Chile. Telepod distinguishes itself as a comprehensive solution provider, offering customization at the hardware, firmware, and software levels to meet diverse customer needs. Its services address the first and last-mile transportation challenges faced by urban commuters, providing an accessible and efficient means of travel within cities. Additionally, Telepod offers private and long-term rental options for e-scooters, catering to both individual users and businesses requiring last-mile delivery solutions for parcels and e-commerce.

Common Visual Entertainment

Seed Round in 2018
Common Visual Entertainment is a creative studio based in Singapore focused on developing original content across various mediums, with a particular emphasis on interactive mobile games. The company aims to deliver unique and enjoyable experiences through its intellectual properties, with its first project, MeatPossible, serving as a showcase of its vision. MeatPossible is a casual, action-oriented 2D mobile game designed to engage users with its captivating storylines and memorable characters. By prioritizing the gaming platform, Common Visual Entertainment seeks to cultivate its intellectual property and expand its creative reach in the entertainment industry.

Glife

Seed Round in 2017
Glife is a food technology company based in Singapore that connects farmers with the hospitality, restaurant, and catering (HORECA) industry. It specializes in distributing fresh fruits, vegetables, and plant-based products, serving over 700 customers in Singapore while expanding into other Southeast Asian markets. Glife develops an invoicing system for restaurants to manage perishable goods and enhance the traceability of produce from farmers. Additionally, the company pilot-tests on-demand logistics technology to improve last-mile delivery fulfillment. By focusing on sourcing, storage, packing, and distribution, Glife aims to empower smallholder farmers and businesses, helping them mitigate risks related to mishandling, damage, and contamination.

Hapz

Seed Round in 2017
Hapz is an experience booking platform based in Singapore that specializes in aggregating information on a wide range of arts and entertainment events. Founded in 2016, the platform enables users to discover and book tickets for concerts, festivals, sports matches, and tourist attractions, tailoring recommendations to individual preferences. In addition to facilitating ticket purchases for consumers, Hapz offers event organizers valuable real-time insights into demographics, pricing trends, and competitive performance, enhancing their marketing efforts. The platform also allows users to name their prices and bid on tickets, creating a more interactive and user-friendly booking experience. By providing access to diverse experiences at competitive prices, Hapz aims to streamline the event discovery and ticketing process.

Hapz

Seed Round in 2016
Hapz is an experience booking platform based in Singapore that specializes in aggregating information on a wide range of arts and entertainment events. Founded in 2016, the platform enables users to discover and book tickets for concerts, festivals, sports matches, and tourist attractions, tailoring recommendations to individual preferences. In addition to facilitating ticket purchases for consumers, Hapz offers event organizers valuable real-time insights into demographics, pricing trends, and competitive performance, enhancing their marketing efforts. The platform also allows users to name their prices and bid on tickets, creating a more interactive and user-friendly booking experience. By providing access to diverse experiences at competitive prices, Hapz aims to streamline the event discovery and ticketing process.

Carro

Series A in 2016
Carro is an automotive marketplace that offers a full-stack service for all aspects of car ownership. It challenges the traditional way of buying and selling of cars through a proprietary pricing algorithm. Carro also provides a range of services that offer everything a car owner needs throughout their car ownership journeys such as an in-house financing solution warranty options and Singapore’s first on-demand roadside recovery platform. The company was founded in 2015 and is headquartered in Singapore.

TranSwap

Seed Round in 2016
TranSwap is a Singapore-based FinTech company established in 2017, specializing in international money transfers for businesses. It offers services such as foreign exchange (FX), global digital wallets, cross-border payments, e-invoicing, and collections, enabling transactions in over 180 countries. Powered by AI technology, TranSwap's platform facilitates seamless currency exchange at mid-market rates, reducing costs and complexity. The company is licensed and regulated by authorities including the Monetary Authority of Singapore (MAS), Hong Kong Customs and Excise Department (HKCED), and Bank Indonesia (BI).

Ethis

Seed Round in 2016
Ethis is a Kuala Lumpur-based fintech company established in 2014, specializing in ethical crowdfunding within the Islamic finance sector. The company operates investment platforms licensed in multiple countries, including Indonesia, Malaysia, and Oman, facilitating peer-to-peer financing and equity crowdfunding. Ethis connects sustainable projects in Southeast Asia with a diverse array of investors, including high-net-worth individuals, foundations, and corporations. It has gained recognition for its role in social housing development in Indonesia, financing projects that have led to the construction of nearly 10,000 homes. In response to market demands, particularly during the COVID-19 pandemic, Ethis expanded its offerings to include short-term financing for supply chains and equity investments in innovative startups. The company also operates GlobalSadaqah, a social finance marketplace that links donors with NGOs and social enterprises, enhancing the distribution of zakat and social finance. Ethis is committed to promoting ethical finance that contributes to societal betterment, a mission that resonates with prominent leaders in finance and various communities.

Spiking

Seed Round in 2016
Spiking is a financial technology company that operates a stock trading platform aimed at enhancing transparency in the Singapore stock exchange. The platform provides real-time, verified information about trades conducted by sophisticated investors, allowing retail investors to gain insights into the trading activities of high-net-worth individuals. By offering access to key financial data, investment portfolios, and strategies of reputable investors, Spiking enables users to make informed investment decisions with greater confidence. This approach empowers retail investors to navigate the stock market more effectively by leveraging knowledge previously unavailable to them.

Hapz

Seed Round in 2016
Hapz is an experience booking platform based in Singapore that specializes in aggregating information on a wide range of arts and entertainment events. Founded in 2016, the platform enables users to discover and book tickets for concerts, festivals, sports matches, and tourist attractions, tailoring recommendations to individual preferences. In addition to facilitating ticket purchases for consumers, Hapz offers event organizers valuable real-time insights into demographics, pricing trends, and competitive performance, enhancing their marketing efforts. The platform also allows users to name their prices and bid on tickets, creating a more interactive and user-friendly booking experience. By providing access to diverse experiences at competitive prices, Hapz aims to streamline the event discovery and ticketing process.

ShopBack

Seed Round in 2015
ShopBack is a leading online shopping platform in Southeast Asia that focuses on enhancing consumer purchasing decisions through cashback and rewards. Operating in several countries including Singapore, Malaysia, Indonesia, the Philippines, Thailand, and Taiwan, the company facilitates over 1,000 orders per hour by offering up to 30% cashback on purchases made through its platform. With a portfolio of over 1,300 merchant partners such as Uber, Expedia, and Lazada, ShopBack provides consumers with curated deals while simultaneously delivering effective marketing solutions for its business partners. The company is recognized for its impact in the industry, having received multiple awards, including accolades for Best Start-up and Best Innovative Infocomm Products at the Singapore Infocomm Technology Federation Awards, as well as the Emerging Enterprise Award, highlighting its role in enriching the shopping experience for consumers.

Xfers

Seed Round in 2014
Xfers is a Major Payment Institution approved by the Monetary Authority of Singapore, specializing in e-money issuance services. The company operates a payment processing platform that facilitates credit card processing and internet banking transfers. By leveraging advanced technology, Xfers provides secure payment solutions to automate bank transfer payments, allowing users to efficiently pay, receive, and manage online transactions. The platform is designed to support businesses in accessing last-mile financial services, particularly catering to the underbanked population in the region.

KeyReply

Angel Round in 2014
KeyReply is an enterprise conversation AI platform that specializes in automating patient engagement and knowledge management within the healthcare sector. The company develops virtual assistants that enable hospitals to efficiently respond to patient inquiries and manage medical protocol information. By creating contextually relevant information derived from organizational content, KeyReply enhances the accuracy and speed of responses, significantly reducing turnaround times for customer service by up to 95% and improving information retrieval by over three times. This solution allows healthcare providers to operate with less skilled staff in a high-turnover environment while maintaining patient satisfaction. Additionally, KeyReply's text analytics capabilities facilitate the collection of strategic feedback, helping hospitals understand patient concerns more effectively. Accredited as a Health Chatbot solution by Singapore's Integrated Health Information Systems, KeyReply also serves as a WhatsApp Business Solution Provider, enabling omnichannel communication for improved stakeholder engagement.

99.co

Seed Round in 2014
99.co is a Singapore-based online property listing marketplace that specializes in facilitating property searches for renters, buyers, and agents. The company utilizes a map-based property search engine powered by advanced algorithms, which allows users to efficiently find houses, condominiums, and apartments for sale or rent. By focusing on transparency and speed, 99.co aims to enhance the property search experience in Singapore, making it easier for individuals to navigate the real estate market.

Oddle

Seed Round in 2013
The Oddle Company Pte Ltd. is an online food ordering platform that supports restaurants by integrating various facets of the takeaway business, including order aggregation, outlet operations, logistics, and customer relationship management. Established in 2014 and headquartered in Singapore, Oddle has expanded its services to the United States, Singapore, Hong Kong, and Vietnam, onboarding over 5,000 restaurants across the APAC region. The platform enables restaurant owners to create their own online stores with direct access to local logistics partners, enhancing the customer experience. Additionally, Oddle connects food lovers through its consumer-facing platform, Oddle Eats, which offers personalized restaurant recommendations and facilitates online deliveries and table reservations. This comprehensive approach helps food makers engage with their customers more effectively while increasing sales opportunities.

Oddle

Angel Round in 2013
The Oddle Company Pte Ltd. is an online food ordering platform that supports restaurants by integrating various facets of the takeaway business, including order aggregation, outlet operations, logistics, and customer relationship management. Established in 2014 and headquartered in Singapore, Oddle has expanded its services to the United States, Singapore, Hong Kong, and Vietnam, onboarding over 5,000 restaurants across the APAC region. The platform enables restaurant owners to create their own online stores with direct access to local logistics partners, enhancing the customer experience. Additionally, Oddle connects food lovers through its consumer-facing platform, Oddle Eats, which offers personalized restaurant recommendations and facilitates online deliveries and table reservations. This comprehensive approach helps food makers engage with their customers more effectively while increasing sales opportunities.

Carousell

Angel Round in 2013
Carousell is a Singapore-based classifieds marketplace that facilitates the buying and selling of preloved items through its mobile app, available on iOS and Android. Launched in August 2012, the platform allows users to easily list their secondhand goods by simply taking a photo and adding a description, covering a wide array of categories such as fashion, electronics, home goods, and vehicles. Carousell has gained popularity and recognition, ranking as the top shopping app in several regions including Singapore, Taiwan, Hong Kong, and Australia. The company has expanded its reach to 19 cities across seven countries, driven by a mission to inspire individuals to start selling and declutter their lives while enabling others to discover savings.

Burpple

Seed Round in 2012
Burpple Pte. Ltd. is a food discovery platform founded in 2011 and based in Singapore. It allows users to remember, organize, and explore food experiences by sharing photos and reviews with friends and family. The platform connects people to dining options across various cities and countries, helping them discover great places to eat for any occasion, whether it be a special dinner date or a casual meal. With a community-driven approach, Burpple leverages over two million photo reviews to guide users in selecting preferred restaurants. The platform has gained popularity in Singapore and Kuala Lumpur, attracting millions of users who seek to enhance their dining experiences through shared culinary moments.

Populix

Populix is a consumer insights platform based in Jakarta, Indonesia, founded in 2018. The company connects businesses and institutions with a large pool of approximately 300,000 qualified respondents, facilitating both qualitative and quantitative research. Populix enables clients to conduct studies, recruit respondents, and analyze data efficiently. The platform offers a range of services, including the ability to launch custom research projects, access curated panels, and purchase pre-existing datasets and reports. By providing accurate and real-time data, Populix supports organizations in making informed decisions based on reliable insights.
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