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Quest Ventures is launching a $50-million fund targeting early-stage, digital commerce startups in Southeast Asia. The Singapore-based venture capital has also named two new partners – Goh Yiping and Jeffrey Seah – who have been venture partners with the firm since 2016 and 2017 respectively.
Goh is the former CEO and co-founder of All Deals Asia. She was also the chief product officer and co-founder of MatahariMall.com, an Indonesian fashion e-commerce site backed by Lippo Group. The firm commented that Goh’s appointment is fresh air in the industry where “female representation at investment funds is still sorely lacking”.
Seah was Southeast Asia CEO at Starcom Mediavest Group (SMG), and former CEO of Mindshare where he oversaw the Singapore, Malaysia and Indonesian markets. “Quest Ventures has an impressive track record in identifying startups that have scaled extensively in Southeast Asia across numerous verticals. I look forward to bring my experience in accelerating ideas with corporations to Quest Ventures,” said Seah.