Quest Ventures

Quest Ventures is a Singapore-based venture capital firm founded in 2011 that invests in startups across Asia in the digital economy, including artificial intelligence, e-commerce, marketplaces, entertainment, finance, food, insurance, logistics, media, property, sports, and the Islamic digital economy. Its portfolio features companies such as 99.co, Carousell, Carro, Oddle, Shopback, Xfers, and Yummy Corporation. The firm collaborates with Silicon Valley's Applied Innovation Institute to drive enterprise transformation across sectors like alternative food, aviation, banking and insurance, logistics and transportation, oil and gas, and smart cities. Quest Ventures emphasizes impact and ESG, pursuing initiatives in financial inclusion, healthcare, education, gender equity, and other social good programs in Asia. By end-2023, its portfolio of over 100 companies operates in more than 150 cities and employs over 4,400 people, with enterprise and ESG activities reaching thousands more.

Cheng Lei

Associate Director

Dai Feng

Associate Director

Koh Wei Shan

Director, Sustainable Impact Accelerator

Anqi Liu

Partner, Metaverse Fund

James Tan

Co-Founder and Managing Partner

Yunming Wang

Co-Founder and Venture Partner

Past deals in Kazakhstan

Compare Smart

Convertible Note in 2022
Compare Smart is a comparison website that helps clients with financial decisions. Compare Smart allows emerging markets to find, compare, and apply banking products easily. Compare Smart is headquartered in Astana, Kazakhstan.

Welldone School

Convertible Note in 2022
Welldone School is an online education provider based in Nur-Sultan, Kazakhstan, specializing in tutoring services for children and teenagers. The company offers a diverse curriculum that includes programming, design, and various academic subjects, catering to the educational needs of its students. With options for both individual and group lessons, Welldone School aims to enhance student performance and knowledge, providing a flexible learning environment that supports the development of essential skills in a digital age.

Oilan.io

Seed Round in 2022
Oilan.io is a digital education platform headquartered in Tselinograd, Kazakhstan. The company focuses on providing a wide range of online courses across various subjects, allowing learners to easily filter and find courses that suit their needs. In addition to its course offerings, Oilan.io features a telegram bot that notifies users about updates on the platform, enhancing the learning experience by keeping users informed about new content and educational opportunities. Through its innovative approach, Oilan.io aims to facilitate efficient learning from qualified instructors.

Clockster

Seed Round in 2020
Clockster LLP is a technology company that specializes in developing a cloud-based human resource management platform. Founded in 2017 and headquartered in Astana, Kazakhstan, Clockster offers a comprehensive time and attendance solution that enables businesses to track employee attendance, calculate work hours, and generate reports and analytics. The platform is accessible via mobile applications on both Android and iOS, catering primarily to micro, small, and medium enterprises (MSMEs). Clockster provides a free service for B2B companies with up to 100 employees, helping them reduce HR overhead by automating payroll and attendance processes. Additionally, the company offers premium services that include salary disbursements, hiring, and earned wage access. The platform features advanced capabilities such as geofencing and biometric clock-in devices, facilitating effective shift management, payroll processing, business communications, and task management for its clients.

Essential Technologies

Pre Seed Round in 2020
Essential Technologies is a software development company with a mission of providing innovative services to the market. They are a customer focused IT company, specialized in computer vision, high-load systems and cloud computing. Developed two software projects in two years and worked with one of the biggest construction companies - BI Group and providing services to several Kazakhstani universities such as Almaty Management University, Astana Medical University, KazATU, etc.

Essential Technologies

Seed Round in 2020
Essential Technologies is a software development company with a mission of providing innovative services to the market. They are a customer focused IT company, specialized in computer vision, high-load systems and cloud computing. Developed two software projects in two years and worked with one of the biggest construction companies - BI Group and providing services to several Kazakhstani universities such as Almaty Management University, Astana Medical University, KazATU, etc.

Egistic

Pre Seed Round in 2020
Egistic Limited is a company that specializes in developing an online farm management system tailored for farmers and agricultural consultants. Established in 2018 and based in Nur-Sultan, Kazakhstan, the company provides an integrated solution that leverages remote sensing technology, high-precision satellite navigation, and geoinformation systems. Egistic's software enables users to monitor and manage crop areas effectively by offering services such as problem zone prediction, weed and crop classification, weather forecasting, and offline mapping. This comprehensive approach facilitates easier farm monitoring and management, ultimately enhancing agricultural productivity.

Clockster

Seed Round in 2020
Clockster LLP is a technology company that specializes in developing a cloud-based human resource management platform. Founded in 2017 and headquartered in Astana, Kazakhstan, Clockster offers a comprehensive time and attendance solution that enables businesses to track employee attendance, calculate work hours, and generate reports and analytics. The platform is accessible via mobile applications on both Android and iOS, catering primarily to micro, small, and medium enterprises (MSMEs). Clockster provides a free service for B2B companies with up to 100 employees, helping them reduce HR overhead by automating payroll and attendance processes. Additionally, the company offers premium services that include salary disbursements, hiring, and earned wage access. The platform features advanced capabilities such as geofencing and biometric clock-in devices, facilitating effective shift management, payroll processing, business communications, and task management for its clients.
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