Moovaz 联合创始人、首席执行官李俊贤表示：“从一个国家搬迁到另一个国家，是一项很大的物流工作。你必须将所有东西都‘连根拔起’，处理好食宿和旅行计划问题，申请签证，开立新的银行账户。基本上你的整个生活都要进行迁移。尽管现在出现了各种技术上的创新，但是搬迁服务依然出了名的慢，而且代价不菲，缺乏效率。当全世界实现开放之际，这些挑战需要加以妥善应对。我们的目标是利用创新，为世界公民提供完整的搬迁解决方案，消除搬迁时所带来的令人头痛的问题。”
由于客户主要是来自于亚太地区，Moovaz 计划迅速扩大规模与扩展合作基础。现在，在 Quest Ventures（求索创投，由新加坡主权财富基金支持）、供应链企业集团叶水福集团 (YCH Group) 和深科技投资者 SGInnovate 等机构的支持下，这一点能够实现，而且还能有所突破，Moovaz 坚定地着眼于加强其服务和设施，以便成为搬迁领域的行业领导者。
Quest Ventures, perusahaan modal ventura ternama di Asia, mengumumkan penyelesaian penutupan pertama untuk dana modal ventura 50 juta USD. Penutupan pertama ini mencakup lebih dari setengah target dana untuk dana keduanya, yang bernama Asia Fund II.
Investasi Quest Ventures Fund I antara lain Carousell, ShopBack, 99.co, Carro, StyleTheory, SGAG / MGAG / PGAG, Glife, Xfers, dan lain-lain. Performa Fund I berada di peringkat sepuluh teratas dibandingkan dengan peringkat publik untuk dana modal ventura.
Dengan Fund II, Quest Ventures sekarang mendapatkan dukungan wirausahawan, eksekutif C-suite, pendiri bisnis keluarga Asia, kantor keluarga, dan investor institusional di lebih dari puluhan industri dan negara.
Dua investor institusional penting berpartisipasi dalam dana ini – Pavilion Capital dari Singapura, dan QazTech Ventures dari Kazakhstan. Pavilion Capital adalah perusahaan investasi Singapura yang telah mendukung dan di Asia Utara dan Asia Tenggara.
“Kami yakin bahwa peluang di Asia Tenggara sedang bertumbuh, dan kami ingin memainka peran penting dalam ekosistem modal ventura disini (bekerja bersama Quest Ventures),” kata Tow Heng Tan, Chief Executive Officer dari Pavilion Capital.
Inisiatif perekonomian dalam negeri di Kazakhstan telah meningkatkan aktivitas bisnis antara Asia Tengah dan Asia Tenggara. Ini adalah investment pertama Sovereign Wealth Fund dalam dana modal usaha di Asia, dan telah terlihat dari pengalaman Quest Ventures di perkembangan Asia dan di ekosistem yg inovasinya masih berkembang.
“Kerjasama Kazakhstan dengan dana ventura terbaik Singapura adalah langkah penting dalam menyatukan ekosistem inovatif Asia Tenggara dan Asia Tengah,” kata Adil Nurghozin, Ketua Dewan Direktur di QazTech Ventures, dana kekayaan berdaulat Kazakhstan.
Katanya lagi, “kerjasama dengan Quest Ventures dan Pavilion Capital akan memungkinkan start-up Kazakhstan untuk mengamankan investasi penting, meningkatkan kompetensi, dan mendapatkan akses ke pasar global,” ujar Adil.
Rekam jejak operasional partner umm adalah faktor penting yang membedakan dana ini dari yang lain. “Kami tidak tergesa-gesa memilih investor kami karena kami menghargai kontribusi finansial dan operasional,” ujar Goh Yiping, Partner di Quest Ventures.
“Sebagai operator sebelum menjadi investor, kami sangat mengapresiasi apa yang bisa diberikan tim yang beragam. Dengan dana ini, kami mengharapkan bisa membawa berbagai keahlian, pengalaman dalam domain dan koneksi untuk membantu perusahaan kami,” kata Goh Yiping, Partner di Quest Ventures.
Dana akan berinvestasi di start-up di seluruh Asia Tenggara dan Asia berkembang di tahap Post Seed dan Series A. Sudah hadir di ekonomi dengan pertumbuhan pesat seperti Vietnam, juga akan menguatkan dan memperluas jejaknya ke negara Asia Tenggara lain seperti Indonesia , Myanmar dan Filipina.
Juga akan meluncurkan akselerator di Kazakhstan untuk memicu ekonomi digital negara. Quest Ventures akan terus mendukung para pendiri
dengan model bisnis disruptif yang dapat menciptakan nilai berkelanjutan yang baru kepada pelanggan akhir.
“Datang dari industri disrupsi asli di dunia komunikasi iklan dan pemasaran, saya telah menyaksikan bagaimana bisnis dan startup saling memandang secara berbeda. Jurang operasional antara bisnis dan start-up lebih ke dalam hal persepsi.
“Di Quest Ventures, kami mendorong bisnis untuk bekerjasama dengan startup lebih dari sekedar bukti konsep. Walaupun titik awalnya berbeda, tujuan bersamanya adalah kemampuan untuk bertahan, dan model bisnis berkelanjutan yang dapat diskalakan,” kata Jeffrey Seah, Partner di Quest Ventures, dan veteran transformasi digital.
“Kami sangat senang bahwa banyak C-suite dan bisnis keluarga Asia telah bergabung sebagai investor – untuk pengembalian finansial dan transformasi bisnis dalam dunia bisnis yang semakin kompleks dan bergolak,” kata Jeffrey Seah
Walaupun kendaraan dananya disebut Quest Ventures Asia Fund II, ini adalah dana dukungan institusional pertama Quest Ventures. Dana pertamanya diinvestasikan dari modal pribadi partner pengelolanya, James Tan.
“Seiring ekonomi digital semakin dewasa di seluruh dunia, industri modal ventura di Asia sekarang siap untuk memainkan peran mainstream untuk menyatukan publik dan pasar privat,” kata Tn James Tan, Partner Pengelola di Quest Ventures.
Selain pengembalian finansial yang besar, investor mencari penciptaan nilai yang berasal dari model bisnis yang dibangun diatas fundamental yang kuat. “Pendekatan kami telah divalidasi oleh lebih dari 50 perusahaan portofolio di dana pertama. Kami sangat menghargai kepercayaan yang diberikan oleh para investor,” kata James Tan.
Quest Ventures mengumumkan telah penutupan venture capital fund tahap pertama dengan dana terkumpul sebesar $50 juta atau setara dengan Rp778 miliar. Jumlah ini diklaim telah melebihi separuh target pendanaan untuk Asia Fund II.
Sebelumnya, di Asia Fund I, Quest Ventures cukup aktif dalam mencari startup yang berpotensi untuk tumbuh. Nama-nama seperti Carousell, Shopback, 99.co, Carro, StyleTheory, SGAG/MGAG/PGAG, Glife, Xfers, dan lainnya masuk dalam portofolionya. Di Asia Fund II ini Quest Ventures mendapat dukungan dari banyak pihak, termasuk Pavillion Capital dari Singapura dan QazTech Ventures dari Kazakhstan.
DailySocial berkesempatan berbincang dengan Quest Ventures tentang fokus perusahaan. Indonesia masuk dalam radar Asia Fund II ini. Dinilai sebagai salah satu negara dengan lanskap teknologi yang berkembang, Indonesia telah berhasil membuktikan diri dengan melahirkan unicorn. Beberapa industri seperti e-commerce, ride hailing dan fintech secara bergantian mulai dikenal luas dan memberikan dampak di masyarkat.
Pemerintah yang memasukkan ekonomi digital sebagai salah satu pilar pertumbuhan bersama dengan industri bahan baku, minyak, kelapa sawit, dan tekstil juga menjadi salah satu salah tanda bahwa teknologi sedang berkembang dinegara ini.
“Kami berharap dampak yang lebih besar akan terlihat di EdTech, Healthcare, mungkin Agritech dan bahkan topik lama e-commerce masih menyimpang peluang di dalam enabler dan ekosistem perdagangan, seperti offline ke online, omnichannel, dan lainnya. Kami telah melihat beberapa contoh sukses pemain seperti itu di sektor-sektor yang disebutkan dan berharap mereka terus tumbuh,” terang Yiping.
Venture capital firm Quest Ventures has secured the first close of its US$50 million fund. According to the company, the fund will be invested in start-ups across Southeast Asia and emerging Asia such as Vietnam, as well as expanding its footprint in Indonesia, Myanmar and The Philippines.
Quest Ventures has previously invested its funds with Carousell, ShopBack, 99.co, Carro, StyleTheory, SGAG/ MGAG/ PGAG, Glife, Xfers, and others. With the recent funding, the company now has the support of entrepreneurs, C-suite executives, Asia family business founders, family offices, and institutional investors across more than a dozen industries and nationalities. Two of the institutional investors that participated in the fund include Singapore-based investment firm Pavilion Capital, and QazTech Ventures from Kazakhstan.
Goh Yiping, partner at Quest Ventures said the company aims to bring different skill sets, domain experience and connections to help firms. While, Jeffrey Seah, partner at Quest Ventures, added at Quest Ventures, the firm encourages established businesses to partner with startups beyond proofs-of-concept, as the common objective is survivability, and sustainable business models that can scale.
“As the digital economy matures across the world, the venture capital industry in Asia is now poised to play a mainstream role to bring the public and private markets closer. Besides robust financial returns, investors look for value creation derived from business models built on strong fundamentals. Our approach has been validated by more than 50 portfolio companies in the first fund. We are humbled by the belief that our investors have in us,” said James Tan, managing partner at Quest Ventures.
Singapore-based venture capital Quest Ventures plans to expand its investment to Indonesia, among other Southeast Asian countries, after recently announcing the first close of a fund worth US$50 million.
The amount represented more than half of its target for the fund named Asia Fund II. It will be invested in post-seed and series A stages funding in start-ups across Southeast Asia and emerging Asia such as Indonesia, Myanmar and the Philippines.
Quest Ventures has been deploying capital in Singapore and Vietnam with its portfolio, including as second-hand e-commerce platform Carousell, property finding platform 99.co and rental fashion StyleTheory.
“We were deliberate in selecting our investors and we hope with this fund we can bring different skill sets, domain experience and connections to help our companies,” said Goh Yiping, partner at Quest Ventures.
Asia Fund II was Quest Ventures’ first institutionally backed fund, receiving financing from Pavilion Capital from Singapore and QazTech Ventures, Kazakhstan’s sovereign wealth fund subsidiary.
The funding marked Kazakhstan’s sovereign wealth fund’s first investment in a venture capital fund in Asia.
“This partnership with Quest Ventures and Pavilion Capital will enable Kazakhstani start-ups to secure important investments, improve competencies and gain access to global markets,” said Adil Nurgozhin, chairman of the board of directors at QazTech Ventures.
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 ]
Singapore-based venture capital group Quest Ventures has secured the first close of its $50 million fund, according to a statement.
More than half of the target corpus has already been raised with its limited partners (LPs) comprising Temasek’s Pavilion Capital, Kazakhstan’s sovereign wealth fund subsidiary QazTech Ventures, and multiple family offices and entrepreneurs from around the world.
Quest Ventures Asia Fund II is Quest’s first institutionally backed fund. Its previous fund was invested out of the personal capital of James Tan, its managing partner and co-founder of Nasdaq-listed Chinese e-commerce company, 55tuan.
Quest Ventures will target early-stage startups in Southeast Asia and emerging Asia, and sees itself expanding into markets such as Indonesia, Myanmar and the Philippines. It has been actively deploying capital in Singapore and Vietnam, with its portfolio including names like Carousell, ShopBack, 99.co, Carro, StyleTheory, SGAG/ MGAG/ PGAG, Glife and Xfers.
“As the digital economy matures across the world, the venture capital industry in Asia is now poised to play a mainstream role to bring the public and private markets closer. Besides robust financial returns, investors look for value creation derived from business models built on strong fundamentals…We are humbled by the belief that our investors have in us,” said James Tan, managing partner at Quest Ventures.
QazTech Ventures was recently reported to be committing $10 million to the fund, making Quest Ventures its first Asian investment on an LP basis. Its participation will see Quest Ventures roll out a Kazakh startup acceleration program called Kazakhstan Digital Accelerator to nurture tech startups in Kazakhstan and Central Asia over the next three years.
“This partnership with Quest Ventures and Pavilion Capital will enable Kazakhstani start-ups to secure important investments, improve competencies, and gain access to global markets,” said Adil Nurgozhin, Chairman of the Board of Directors at QazTech Ventures, the Kazakhstan sovereign wealth fund.
Quest Ventures has been steadily expanding its team to manage the growth of its venture business. In March 2019, it appointed two partners – Goh Yiping and Jeffrey Seah – to oversee its portfolio of over 40 companies.
According to Quest Ventures’ website, the company also runs innovation labs and corporate accelerators, serving a global list of clients such as Nissan Motor, VMWare, Yahoo, HP, Tencent, and Coca-Cola.
Kazakhstan’s government will invest in start-ups across south-east Asia as part of efforts to diversify central Asia’s largest economy away from oil and gas, where prices have been slammed by the coronavirus pandemic, Financial Times writes in the article Kazakhstan eyes Asia start-ups as coronavirus hits oil price. The country’s state wealth fund, Baiterek National Managing Holdings, will be the anchor investor in a vehicle run by Singapore-based Quest Ventures. The fund has also been backed by Pavilion Capital, which is owned by Temasek Holdings, Singapore’s state investment company.
At $50m, the fund is small but it forms part of a broader push to create an economic corridor between central and south-east Asia. Adil Nurgozhin, chairman of Baiterek subsidiary QazTech Ventures, called the deal an “important step” in connecting the regions’ economies.
Kazakhstan, sandwiched between regional powers China and Russia, is looking to diversify its portfolio investments into different parts of the world, according to people familiar with the situation. The move into venture capital comes as oil-rich economies, such as those in the Middle East, have sought to broaden their revenue sources against a backdrop of volatile crude prices and a broader shift away from fossil fuels.
Oil and related industries make up about 40 per cent of Kazakhstan’s gross domestic product and its economy has been hit by a recent slump in crude prices and the coronavirus outbreak.
Kazakhstan’s government was previously linked with an investment in Japanese conglomerate SoftBank’s second Vision Fund, which could have given the country exposure to technology start-ups across the globe. However, that vehicle was permanently frozen this week after SoftBank warned of a $16.7bn loss for its first Vision Fund. Kazakhstan also held talks about an investment in SoftBank’s planned multibillion-dollar hedge fund-style vehicle.
“Digital transformation has been greatly accelerated by the Covid-19 outbreak” Jeffrey Seah, Quest Ventures SoftBank’s woes, coupled with a fall in start-up valuations following the failed initial public offering of office sharing company WeWork last year, have prompted some big investors to turn to alternative venture capital players. “Post WeWork, investors are turning to experienced operators to identify and guide start-ups,” said Quest Ventures partner Jeffrey Seah.
The Quest Ventures fund will invest in start-ups in countries including Vietnam, Indonesia and the Philippines. “It will be about building a quality business rather than [attracting] high valuations,” he added. The fund has been backed by Pavilion Capital, which is owned by Temasek Holdings, Singapore’s state investment company.
Mr Seah said it was the “right time” to invest in start-ups in the region, given many were being forced to boost their online offerings because of coronavirus stay-at-home measures. “Businesses’ digital transformation has been greatly accelerated by the Covid-19 outbreak — when the virus is over these new habits will remain,” he added.
Baiterek’s assets equalled about $15bn, or 8 per cent of Kazakhstan’s 2018 GDP, according to Fitch Ratings.
Singapore-based venture capital firm Quest Ventures has secured the first close of its $50 million fund, according to a statement.
More than half of the target corpus has already been raised with its limited partners (LPs) comprising Temasek’s Pavilion Capital, Kazakhstan’s sovereign wealth fund subsidiary QazTech Ventures, and multiple family offices and entrepreneurs from around the world.
Quest Ventures Asia Fund II is Quest’s first institutionally-backed fund. Its previous fund was invested out of the personal capital of James Tan, its managing partner and co-founder of Nasdaq-listed Chinese e-commerce company, 55tuan.
Quest Ventures will target early-stage startups in Southeast Asia and emerging Asia, and sees itself expanding into markets such as Indonesia, Myanmar and the Philippines. It has been actively deploying capital in Singapore and Vietnam, with its portfolio including names like Carousell, ShopBack, 99.co, Carro, StyleTheory, SGAG/ MGAG/ PGAG, Glife and Xfers.
“As the digital economy matures across the world, the venture capital industry in Asia is now poised to play a mainstream role to bring the public and private markets closer. Besides robust financial returns, investors look for value creation derived from business models built on strong fundamentals…We are humbled by the belief that our investors have in us,” said James Tan, managing partner at Quest Ventures.
QazTech Ventures was recently reported to be committing $10 million to the fund, making Quest Ventures its first Asian investment on an LP basis. Its participation will see Quest Ventures roll out a Kazakh startup acceleration programme called Kazakhstan Digital Accelerator to nurture tech startups in Kazakhstan and Central Asia over the next three years.
“This partnership with Quest Ventures and Pavilion Capital will enable Kazakhstani start-ups to secure important investments, improve competencies, and gain access to global markets,” said Adil Nurgozhin, Chairman of the Board of Directors at QazTech Ventures, the Kazakhstan sovereign wealth fund.
Quest Ventures has been steadily expanding its team to manage the growth of its venture business. In March 2019, it appointed two partners – Goh Yiping and Jeffrey Seah – to oversee its portfolio of over 40 companies.
According to Quest Ventures’s website, the firm also runs innovation labs and corporate accelerators, serving a global list of clients such as Nissan, VMWare, Yahoo, HP, Tencent, and Coca Cola.
New venture fund with participation of Kazakhstan’s QazTech Ventures has first close.