Singapore Business Review
Venture capital firm Quest Ventures secured QazTech Ventures and Pavilion Capital as anchor limited partners (LPs) for its $50m funding, according to a report.
QazTech Ventures is investing $10m in Quest Ventures to nurture startups in Kazakhstan and Central Asia over the next three years. This will be the company’s first LP investment in Southeast Asia (SEA).
Quest Ventures reportedly is aiming a $25m first close in December for the same early-stage fund.
The company targets startups in SEA’s digital economy in areas such as agritech, food chain supply, and logistics.