The Business Times
SEALED Network, a matchmaking network connecting investors and industry informants, has raised an undisclosed amount in a funding round led by Quest Ventures. Quest Ventures, which counts Temasek’s Pavilion Capital and Kazakhstan’s sovereign wealth fund subsidiary QazTech Ventures as its investors, has also backed other startups including Carro, Carousell and ShopBack.
Joining its pre-series A funding round was chairman of Food Empire Tan Wang Cheow, Soilbuild’s director Lim Han Feng, as well as Google, Twitter and Alibaba angel group XA Network and South-east Asia McKinsey alumni group Alumni & Angels.
Existing investors include Koh Boon Hwee and Far East Ventures, the venture capital arm of Far East Organization. Former member of parliament Sin Boon Ann is one of the firm’s close advisers.
Sealed’s experts from 25 industries bring “unparalleled local expertise, enabling new South-east Asia entrant businesses to better navigate a diverse but economically promising region”, said Jeffrey Seah, partner at Quest Ventures.
Established firms in the space are also looking to go public. US-based Gerson Lehrman Group has filed for a US listing, while China-focused Capvision has plans for a US$300 million listing on the Hong Kong Stock Exchange.