Singapore’s Quest Ventures launches maritime tech fund

AVCJ

Singapore’s Quest Ventures and ShipsFocus, a specialized start-up services studio, have achieved a first close of S$10 million ($7.5 million) on a maritime technology fund.

Quest was set up in 2011 by James Tan and Wang Yunming, co-founders of 55tuan, a Chinese discount e-commerce marketplace that listed on NASDAQ in 2015.

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