Singapore’s Quest Closes First Round of $50 Million Venture Fund

Venture Pulse

Quest Ventures, a Singapore venture capital firm, said it completed the first close of a planned $50 million fund.

Quest, founded by James Tan, raised the money from investors including Pavilion Capital of Singapore and QazTech Ventures of Kazakhstan. It’s the firm’s second venture fund and its first time tapping institutional investors, after Tan financed the first fund with his own money. [ Bloomberg ]

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