The NDC will leverage its newly established Philippine Innovation Hub (iHub) for this collaboration. iHub is also the headquarters of the Startup Venture Fund (SVF), the Philippine E-commerce Platform (PEP), and the Ph AI Research Center (PAIR). The SVF recently received US$143 million from the Philippines’s Department of Trade and Industry (DTI) to invest in local startups.
Anton Mauricio, General Manager of the NDC, said: “With their significant footprint in Singapore and across Asia, Quest Ventures brings valuable cross-border insights, best practices and extensive network that aligns with our key objectives in enhancing the local venture capital ecosystem and promoting sustainable investments.”
Quest Ventures is an active VC firm with a portfolio of 100-plus companies in over 150 cities across Asia. Its portfolio companies include 99.co, Carousell, Carro, Glife, Hepmil/ PGAG, Oddle, Shopback, VulcanPost, Xfers, and Kraver’s Canteen.