Startup Wire | Three Feet High and Rising


Quest Ventures is calling for startups focused on making a sustainable impact to apply for the second cohort of their Sustainable Impact Accelerator (SIA) in partnership with raiSE. James Tan, managing partner of Quest Ventures, said, “Socially impactful enterprises can also scale like high-growth startups, unlocking capital and resources to impact more people regionally and globally. Building upon the success of the first cohort, we look forward to partnering with raiSE again to propel high-potential impact businesses forward in their journey.”


raiSE and Quest Ventures launches second cohort of the Sustainable Impact Accelerator

The Edge

This accelerator, organised by the Singapore Centre for Social Enterprise, raiSE and Quest Ventures, a venture capital firm in Asia, aims to support budding impactful startups by providing financial and non-financial support to help them improve their competencies and gain access to regional and global markets.

Since launching in 2022, companies from the first cohort of the Sustainable Impact Accelerator have collectively pitched to over 2,000 investors, corporates, government organisations, and other stakeholders across Asia within the first three months of the programme. Some companies have also successfully raised their next funding round within a few months and gained a foothold in overseas markets such as Australia, Malaysia, Indonesia, and Vietnam.

James Tan, Managing Partner of Quest Ventures, said, “Socially impactful enterprises can also scale like high-growth startups, unlocking capital and resources to impact more people regionally and globally. Building upon the success of the first cohort, we look forward to partnering with raiSE again to propel high-potential impact businesses forward in their journey.”


‘Ugly’ food gaining acceptance in Singapore but more education needed, businesses say

Channel NewsAsia

Treatsure’s Mr Wong said that investors’ understanding of the potential of food waste companies still appears to trail behind in Asia compared with the West.

“It does seem that they’re trailing behind in … that understanding of the potential impact if a company could scale similarly in terms of what our peers in Europe have done.”

He pointed to other tech platforms aimed at reducing food waste in Europe and North America, such as Copenhagen-based Too Good to Go and London-based Olio.

“It’s still quite a niche and selective group that we’re talking about,” Mr Wong said of Asia’s investors in food waste companies.

But he also pointed out that there were “encouraging signs”. Last year, venture capital firm Quest Ventures came on board as an investor with Treatsure.

“There are investors who are looking at this opportunity, because food waste is quite a significant opportunity. It’s just (a matter of) the model in which the business operates,” he said.







Many local start-ups at risk of going out of business, warns industry’s trade association

Channel NewsAsia

The Action Community for Entrepreneurship warns that a majority of Singapore’s start-ups are at risk of going out of business as they face challenges in getting funding and investment due to economic headwinds. Early-stage start-ups have the added hurdle of proving their growth potential or profitability.

“Startups that have not been able to raise funding this year are going to run out of cash next year, and we are going to see more shut downs, more layoffs before it gets better”, says James Tan in his capacity as the Chairman of the Action Community for Entrepreneurship.


起步公司今年集资仍保持韧性 分析师:明年融资条件料收紧

Lianhe Zaobao



创业行动社群(ACE)主席兼求索创投(Quest Ventures)合伙人陈中注意到,曾为迅速增长而设的科技公司现在追求可持续增长,风险资本家希望公司创始人能为延长现金跑道做好准备,资金充裕或能取得盈利的起步公司可能会延后集资以避开不利条件。



Vietnam Venture Summit 2022 a Roaring Success with Venture Capital Community Pledging Over US$1.5 Billion Investment in Vietnam

Yahoo! Finance

Quest Ventures continues commitment to Vietnam.

The investment provides 360° support across capital, talent and business development to accelerate Vietnam’s startup ecosystem at critical inflection point

The commitment is backed by over 40 Venture Capital firms spanning Korea, Japan, Singapore, Indonesia, the US, and Vietnam (full list of firms can be found in the Appendix).

Themed Shifting Global Capital Flows, this third edition of the Vietnam Venture Summit drew the largest gathering of Vietnam’s top political leaders, global investors, founders, international tech giants and venture capital firms to discuss the future of SEA’s startup ecosystem and, in particular, Vietnam’s growing importance on the regional and global scale as an investment magnet.

Against the uncertain global outlook, emerging and developing Asia is predicted to witness the highest GDP growth of 4.9% in 2023, topping all other global regions; SEA attracted US$174 billion in foreign direct investment in 2021; and SEA-focused VC funds raised US$3.1B so far in 2022, nearing the US$3.5B they raised in all of 2021.

In particular, Vietnam shines ever brighter against the region’s positive outlook, with Vietnamese startups raising a record US$1.4 billion across 165 deals in 2021 and the momentum expected to continue into 2023 with an anticipated GDP growth of 6.7 per cent in 2023.


Over 40 VCs commit to invest a total of $1.5b in Vietnamese startups by 2025


Quest Ventures continues commitment to Vietnam.

Venture capital firms have committed to invest $1.5 billion in Vietnam over the course of the next three years, the organisers of the Vietnam Venture Summit 2022 announced on Monday.

The 41 investors committing to the initiative include VC funds across multiple stages, geographies and corporate profiles.

This combined commitment represents a major increase from 2020 when 33 participating VCs committed over $815 million for the 2021-2025 period. At the inaugural event of the Vietnam Venture Summit in 2019, investors committed $425 million to support Vietnamese startups between 2019 and 2021.


Hơn 40 quỹ cam kết đầu tư 1,5 tỉ USD vào startup Việt Nam

Forbes Vietnam

Trong khuôn khổ Diễn đàn Quỹ đầu tư Khởi nghiệp sáng tạo Việt Nam 2022 (Vietnam Venture Summit 2022), hơn 40 công ty đầu tư mạo hiểm ở Hàn Quốc, Nhật Bản, Singapore, Indonesia, Hoa Kỳ và Việt Nam cam kết đầu 1,5 tỉ USD vào startup tại Việt Nam trong các năm tới.

Các quỹ đầu tư kỳ vọng thông qua mối hợp tác, họ có thể cùng startup duy trì tăng trưởng và tăng năng lực cạnh tranh với các công ty khởi nghiệp trong khu vực và trên toàn cầu. Điều này sẽ góp phần xây dựng thế hệ kỳ lân tiếp theo có thể niêm yết trên các sàn giao dịch ở nước ngoài.

Tại diễn đàn 2022, hơn 40 quỹ công bố con số cam kết đầu tư 1,5 tỉ USD vào startup tại Việt Nam trong các năm tới.

Năm 2021, các công ty khởi nghiệp Việt Nam huy động hơn 1,4 tỉ USD vốn đầu tư thông qua 165 giao dịch, tăng 1,6 lần so với năm 2019, với 894 triệu USD và 126 giao dịch.


Singapore VCs see tremendous opportunities in Southeast Asia startups

The Story Thailand

Executives of three Singapore-based venture capital (VC) enterprises recently shared their experience regarding the island state’s role in helping strengthen Southeast Asia’s startup ecosystems.

Their VCs have invested in several startups in Singapore’s neighbouring countries, including Thailand, for many years due to “tremendous opportunities and a lot of potential” in the region.

James Tan, Chairman of the Action for Community Entrepreneurship (ACE) said that the enterprise is bullish on opportunities in Southeast Asia. Quest Ventures, a Venture Capital Firm where Tan is a General Founder at, has invested in Vietnam and Philippines”

Opportunities and challenges

Tan said that his VC helps foreign startups to “soft land faster” while introducing them to the opportunities and challenges in Singapore as well as in the region.

“We will go through a series of programs, engagement with local ecosystem players, even local funds. We hope that these startups will find their footing quickly, perhaps even get some investments from the funds to our base here and use Singapore as a launching pad for the rest of Asia,” he said.

Tan views Thailand as an attractive market for Singapore startups. “There are opportunities there [in Thailand] that continue to be overlooked,” he said.