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

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 designed for easy assembly and customization. These prosthetics can be ordered online and are intended to be as user-friendly as building with Lego. The company targets unserved amputees in developing nations, offering three-dimensional printed prosthetics with flexible opening modes and various color options. Vulcan Augmetics aims to enhance the lives of prosthetic users by providing practical, cost-effective solutions that not only restore functionality but also support users in regaining employment. The long-term vision includes expanding beyond prosthetics to various wearable technologies, such as health monitors and augmented reality systems. Additionally, Vulcan plans to develop an online platform that connects users with designers and local manufacturers, fostering a marketplace for interoperable products. By focusing on modularity and user engagement, Vulcan Augmetics strives to maximize the potential of body-mounted technology and ultimately aims to become a leader in enhancing human capabilities.

GajiGesa

Convertible Note in 2023
GajiGesa is a financial wellness platform based in Indonesia, designed to empower employees by providing access to earned wages, financial education, and management tools. The GajiGesa app enables users to take control of their financial health, reducing reliance on informal lenders and enhancing overall economic participation. The platform serves as a valuable resource for employer partners, offering insights through an enterprise-grade HR analytics system that boosts employee productivity, engagement, and retention by alleviating financial stress. Since its inception in 2020, GajiGesa has experienced significant growth, doubling its customer base to over 60 companies and serving tens of thousands of employees. The introduction of GajiTim, an employee management app aimed at small and medium-sized enterprises, further enhances the company's offerings by improving income transparency and salary calculations. GajiGesa was founded by Martyna Malinowska and Vidit Agarwal and is headquartered in Jakarta, with additional teams in India and Singapore. The company has attracted investment through various funding rounds, supporting its mission to foster financial resilience among Indonesian workers.

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 corporations, by providing a comprehensive cashless payment platform. MCT Pay's offerings include remittance services, bank account management, and payment services, supporting transactions in both fiat currency and cryptocurrency. By delivering a one-stop e-payment system, MCT Pay aims to enhance financial accessibility and operational efficiency for merchants and financial institutions.

ZumVet

Series A in 2022
ZumVet is a veterinary consultation platform established in 2019 and based in Singapore, aimed at providing affordable and convenient veterinary care for pets. The company offers a range of services including video consultations, house visits, and e-prescriptions, allowing pet owners to access veterinary care from the comfort of their homes. Additionally, ZumVet delivers medications and maintains digital medical records for pets, ensuring comprehensive and efficient care. The company's commitment to animal welfare drives its mission to enhance the quality of veterinary services available to pet owners.

Populix

Series A in 2022
Populix is a consumer insights platform based in Jakarta, Indonesia, founded in 2018. The platform connects businesses and institutions with a pool of approximately 300,000 qualified respondents, facilitating both qualitative and quantitative research. Populix supports clients throughout the entire research process, from study design and respondent recruitment to data analysis and recommendations, ensuring rapid and high-quality outputs. The platform allows users to launch studies, commission ad-hoc projects, subscribe to specialized respondent panels, and purchase pre-existing datasets and reports. This comprehensive approach enables businesses, academic institutions, and governments to access accurate and timely data for informed decision-making.

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 operates an online marketplace that enhances the visibility of retail products for physical stores, particularly in Singapore. By automating the digitization of products, Fairmart enables minimarts, grocery stores, and specialty shops to make their offerings searchable online. This platform allows customers to easily find and pre-order items from local stores, simplifying the shopping experience. The company's services streamline inventory management and promote omnichannel engagement, helping to alleviate the operational challenges faced by traditional retailers while facilitating their digital transformation.

Fairmart

Seed Round in 2021
Fairmart operates an online marketplace that enhances the visibility of retail products for physical stores, particularly in Singapore. By automating the digitization of products, Fairmart enables minimarts, grocery stores, and specialty shops to make their offerings searchable online. This platform allows customers to easily find and pre-order items from local stores, simplifying the shopping experience. The company's services streamline inventory management and promote omnichannel engagement, helping to alleviate the operational challenges faced by traditional retailers while facilitating their digital transformation.

GajiGesa

Seed Round in 2021
GajiGesa is a financial wellness platform based in Indonesia, designed to empower employees by providing access to earned wages, financial education, and management tools. The GajiGesa app enables users to take control of their financial health, reducing reliance on informal lenders and enhancing overall economic participation. The platform serves as a valuable resource for employer partners, offering insights through an enterprise-grade HR analytics system that boosts employee productivity, engagement, and retention by alleviating financial stress. Since its inception in 2020, GajiGesa has experienced significant growth, doubling its customer base to over 60 companies and serving tens of thousands of employees. The introduction of GajiTim, an employee management app aimed at small and medium-sized enterprises, further enhances the company's offerings by improving income transparency and salary calculations. GajiGesa was founded by Martyna Malinowska and Vidit Agarwal and is headquartered in Jakarta, with additional teams in India and Singapore. The company has attracted investment through various funding rounds, supporting its mission to foster financial resilience among Indonesian workers.

GajiGesa

Seed Round in 2021
GajiGesa is a financial wellness platform based in Indonesia, designed to empower employees by providing access to earned wages, financial education, and management tools. The GajiGesa app enables users to take control of their financial health, reducing reliance on informal lenders and enhancing overall economic participation. The platform serves as a valuable resource for employer partners, offering insights through an enterprise-grade HR analytics system that boosts employee productivity, engagement, and retention by alleviating financial stress. Since its inception in 2020, GajiGesa has experienced significant growth, doubling its customer base to over 60 companies and serving tens of thousands of employees. The introduction of GajiTim, an employee management app aimed at small and medium-sized enterprises, further enhances the company's offerings by improving income transparency and salary calculations. GajiGesa was founded by Martyna Malinowska and Vidit Agarwal and is headquartered in Jakarta, with additional teams in India and Singapore. The company has attracted investment through various funding rounds, supporting its mission to foster financial resilience among Indonesian workers.

SG Assist

Seed Round in 2019
SG Assist is an information technology company based in Singapore, founded in 2018. It offers a community-based, crowd-sourced application designed to connect caregivers with community response teams for timely assistance. The platform specifically caters to individuals such as elderly residents, live-alone parents, and those with chronic health conditions, linking them to trained and trusted responders during critical moments. This service aims to provide working caregivers with peace of mind while they are away, ensuring that their loved ones receive the necessary support when needed.

Cafebond.com

Pre Seed Round in 2018
Cafebond.com operates as Asia's largest specialty coffee beans e-commerce marketplace, founded in 2015 and based in Singapore. The platform connects coffee lovers with top coffee roasters from around the world, allowing customers to purchase freshly roasted coffee beans while benefiting from consolidated shipping to reduce costs. This innovative approach ensures that all beans are ethically sourced and roasted to order, with deliveries made weekly to maintain freshness. In addition to individual sales, Cafebond.com offers a dedicated program for offices, providing coffee solutions to notable clients such as DBS Bank and Stripe. The company is backed by investors including Quest Ventures and Mediacorp, reflecting its commitment to enhancing the coffee experience for consumers in both personal and professional settings.

NodeFlair

Funding Round in 2018
NodeFlair operates a career development platform designed to assist tech talents in Asia with informed career decisions. The platform aggregates job listings from various job boards and career pages, allowing users to filter opportunities by location and job type. It is particularly recognized for its payslip-verified salary data, which offers insights into salary trends based on user submissions and historical job listings. By leveraging verified career data, NodeFlair aims to connect companies with the best available tech talent, contributing to improved hiring outcomes in the tech sector. Currently, over 20% of tech professionals in Singapore utilize NodeFlair's resources to enhance their career choices.

Wanderhow

Seed Round in 2018
Wanderhow is a developer of a hyperlocal travel guide website focused on enhancing the travel experience for tourists visiting Singapore. The platform aims to provide tailored recommendations and insights, helping travelers navigate the local culture, attractions, and activities more effectively. Currently operating in stealth mode, Wanderhow is dedicated to creating a resource that caters specifically to the needs of visitors, ensuring they have a comprehensive and enjoyable experience during their stay in Singapore.

Telepod

Venture Round in 2018
Telepod is a technology developer specializing in micro electric vehicles (EVs) and a network of battery stations. The company has deployed a fleet 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 addresses urban mobility challenges through its e-scooter sharing service, which caters to first and last-mile transportation needs. In addition to short-term rentals, the company offers private and long-term rentals for e-scooters, facilitating convenient travel for individuals and supporting last-mile delivery for parcels and e-commerce. By leveraging its operational expertise in fleet sharing and providing end-to-end solutions, Telepod can customize its offerings to meet specific customer requirements at the hardware, firmware, and software levels, while also focusing on localization to enhance user experience.

Common Visual Entertainment

Seed Round in 2018
Common Visual Entertainment is a creative studio based in Singapore that specializes in developing original content for various media platforms. The company focuses on crafting engaging storylines and memorable characters, aiming to provide unique and enjoyable experiences through its intellectual properties. Their first project, MeatPossible, is a casual and action-oriented 2D mobile game that exemplifies their commitment to innovation in the gaming space. By prioritizing the gaming platform for growth, Common Visual Entertainment seeks to establish a strong presence in the interactive entertainment industry while delivering high-quality, cartoon-style mobile games.

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 consolidates information on various arts and entertainment events, including concerts, festivals, sports matches, and tourist attractions. Launched in 2016, the platform allows users to discover and book a wide range of experiences tailored to their preferences at competitive prices. In addition to serving consumers, Hapz offers event organizers valuable real-time insights into demographics, pricing trends, and competitor performance, facilitating targeted marketing strategies. The platform also features a unique bidding option, enabling users to name their prices for tickets. Furthermore, Hapz rewards users for their bookings, enhancing the overall experience.

Hapz

Seed Round in 2016
Hapz is an experience booking platform based in Singapore that consolidates information on various arts and entertainment events, including concerts, festivals, sports matches, and tourist attractions. Launched in 2016, the platform allows users to discover and book a wide range of experiences tailored to their preferences at competitive prices. In addition to serving consumers, Hapz offers event organizers valuable real-time insights into demographics, pricing trends, and competitor performance, facilitating targeted marketing strategies. The platform also features a unique bidding option, enabling users to name their prices for tickets. Furthermore, Hapz rewards users for their bookings, enhancing the overall experience.

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 FinTech company established in Singapore in 2017 that specializes in facilitating cross-border payments and currency exchanges. The company offers a range of services including foreign exchange, global digital wallets, e-invoicing, and collections, making transactions simpler, faster, and more cost-effective for businesses in over 180 countries. TranSwap's platform allows for peer-to-peer currency exchange at mid-market rates, significantly reducing foreign exchange costs and operational complexities. Its proprietary AI-driven portal enhances service execution, leading to considerable savings on transaction fees and administrative expenses. As a regulated entity, TranSwap holds multiple licenses, including those from the Monetary Authority of Singapore, the Hong Kong Customs and Excise Department, and Bank Indonesia, ensuring compliance and security in its operations. The company is currently expanding its presence in Asia, the UK, and Europe.

Ethis

Seed Round in 2016
Ethis is an ethical crowdfunding firm based in Kuala Lumpur, Malaysia, specializing in Islamic finance and investment platforms. Since its inception in 2014, Ethis has operated licensed platforms for peer-to-peer financing and equity crowdfunding in several countries, including Indonesia, Malaysia, and Oman. The company connects sustainable projects and businesses in Southeast Asia with a diverse range of investors, including high net worth individuals, foundations, and corporations. In response to the COVID-19 pandemic, Ethis expanded its investment offerings to include short-term, high-return financing for supply chains and equity investments in innovative startups. Ethis also operates a social finance marketplace, GlobalSadaqah, which facilitates the distribution of zakat and social finance to NGOs and social enterprises. The company has established a strong reputation in social housing development in Indonesia, financing nearly 10,000 homes through its global network of investors. Ethis is committed to promoting ethical finance that contributes to societal betterment, aligning its efforts with the principle of #circulategood.

Spiking

Seed Round in 2016
Spiking is a financial technology platform that enhances transparency in the Singapore stock exchange by providing real-time verified information on trades executed by sophisticated investors. The platform enables retail investors to gain insights into the trading activities of high-net-worth individuals, assisting them in making informed investment decisions. By following the trading patterns and strategies of reputable investors, users can navigate the stock market with increased confidence and knowledge. Spiking aims to democratize access to critical financial data, allowing a broader audience to engage in smarter investing practices.

Hapz

Seed Round in 2016
Hapz is an experience booking platform based in Singapore that consolidates information on various arts and entertainment events, including concerts, festivals, sports matches, and tourist attractions. Launched in 2016, the platform allows users to discover and book a wide range of experiences tailored to their preferences at competitive prices. In addition to serving consumers, Hapz offers event organizers valuable real-time insights into demographics, pricing trends, and competitor performance, facilitating targeted marketing strategies. The platform also features a unique bidding option, enabling users to name their prices for tickets. Furthermore, Hapz rewards users for their bookings, enhancing the overall experience.

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 provides credit card processing and online banking transfers. By leveraging advanced technology, Xfers offers secure payment solutions that automate bank transfer payments, allowing users to efficiently pay, receive, and manage their online transactions. The platform aims to connect businesses with the underbanked population in the region, facilitating access to essential financial services.

KeyReply

Angel Round in 2014
KeyReply is an enterprise conversation AI platform that specializes in knowledge management and patient engagement automation. It offers tailored workflows for patient servicing and access to medical protocol information, ensuring that both patients and clinicians receive relevant answers derived from the organization's content. This solution addresses the challenges of traditional customer support in healthcare, which often relies on costly and inconsistent manual processes. KeyReply is particularly beneficial for hospitals, enabling them to enhance response times and rates while utilizing less skilled staff, thereby improving patient satisfaction in a high-turnover environment. The platform also supports accurate and efficient information dissemination and leverages text analytics to gather strategic feedback on patient concerns. KeyReply facilitates end-to-end transactions and cross-domain queries, significantly improving customer service turnaround times and speeding up information retrieval. Furthermore, it is accredited by the Integrated Health Information Systems in Singapore as a Health Chatbot solution and serves as a WhatsApp Business Solution Provider, allowing enterprises to enhance stakeholder engagement through omnichannel platforms.

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
Oddle Company Pte Ltd. is a Singapore-based provider of an online food ordering platform designed for restaurants. Founded in 2014, the company offers a comprehensive solution that integrates various aspects of takeaway business, including order aggregation, outlet operations, logistics, and customer relationship management. Oddle enables restaurants to establish their own online storefronts while connecting them with local logistics partners. With over 5,000 restaurants onboarded across the Asia-Pacific region, Oddle serves both food makers and food lovers. It provides vertically integrated products and services that enhance customer engagement by offering insights into consumer behavior. Additionally, Oddle Eats, the consumer-facing platform, helps over one million users discover new dining options through personalized recommendations, while simultaneously providing restaurants with additional channels for online orders and table reservations.

Oddle

Angel Round in 2013
Oddle Company Pte Ltd. is a Singapore-based provider of an online food ordering platform designed for restaurants. Founded in 2014, the company offers a comprehensive solution that integrates various aspects of takeaway business, including order aggregation, outlet operations, logistics, and customer relationship management. Oddle enables restaurants to establish their own online storefronts while connecting them with local logistics partners. With over 5,000 restaurants onboarded across the Asia-Pacific region, Oddle serves both food makers and food lovers. It provides vertically integrated products and services that enhance customer engagement by offering insights into consumer behavior. Additionally, Oddle Eats, the consumer-facing platform, helps over one million users discover new dining options through personalized recommendations, while simultaneously providing restaurants with additional channels for online orders and table reservations.

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 that allows users to remember, organize, and explore food experiences with friends and family by sharing photos and reviews. Founded in 2011 in Singapore by three entrepreneurs, Burpple aims to connect people to memorable dining moments, whether for casual meals or special celebrations. The platform has gained popularity in Singapore and Kuala Lumpur, powered by a community of users who contribute over two million photo reviews. In 2015, more than four million individuals utilized Burpple to find ideal dining spots. The service acts as a social food journal, guiding users to various restaurants and enabling them to select preferred dining options based on shared experiences. Burpple emphasizes the joy of food as a means of bonding among loved ones, fostering a community centered around culinary enjoyment.

Populix

Populix is a consumer insights platform based in Jakarta, Indonesia, founded in 2018. The platform connects businesses and institutions with a pool of approximately 300,000 qualified respondents, facilitating both qualitative and quantitative research. Populix supports clients throughout the entire research process, from study design and respondent recruitment to data analysis and recommendations, ensuring rapid and high-quality outputs. The platform allows users to launch studies, commission ad-hoc projects, subscribe to specialized respondent panels, and purchase pre-existing datasets and reports. This comprehensive approach enables businesses, academic institutions, and governments to access accurate and timely data for informed decision-making.
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