Goh Yiping and Jeffrey Seah are being promoted as partners to scale early-stage technology investments in Southeast Asia

Backers of a lot of Southeast Asia’s startups Quest Ventures announced today that Goh Yiping and Jeffrey Seah have been appointed partners with the firm. Both have been venture partners since 2016 and 2017 respectively.

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Quest Ventures’ most notable investments were Carousell, Carro, Eatsy, Ethis, 42Race, Glife, 99.co, ShopBack, SGAG/ MGAG/ PGAG, Spiking, Style Theory, Vulcan Post, Xfers, and many other startups. In total, Quest Ventures has invested in more than 40 companies and has a reputation of an early backer.

“As more and more investment dollars shift from seed funding to later rounds, we want to continue to invest in talented founders at their most crucial Series Seed to Series A stages. I’m excited to bring my operating experience and network as a founder to help startups succeed,” said Yiping, who’s formerly the co-founder and CEO of All Deals Asia, as well as Chief Product Officer of MatahariMall.com, a three-year stint in Jakarta, Indonesia.

The VC commented that Yiping’s appointment is fresh air in the industry where “female representation at investment funds is still sorely lacking”. “Yiping’s operating experience combined with her journey in building her own startups and her Indonesia exposure in the C-Suite are her strong suits that we are excited to have,” said James Tan, Managing Partner of Quest Ventures.

As for Jeffrey Seah, Tan highlighted that Quest Ventures is bringing his decades of experience in deep domain expertise and a wide network in advertising and media, especially his portfolios of MNC clientele.

“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.

Seah was a long time leader in Starcom MediaVest Group (SMG) as Southeast Asia CEO and Chair of the Asia Digital Leadership Team for SMG. He was also CEO of Mindshare, overseeing the Singapore, Malaysia, and Indonesia markets.

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Along with the new appointments, Quest Ventures is also launching a new fund for early stage startups from Series Seed to Series A in Southeast Asia. The fund will focus on digital commerce and targets up to US$ 50 million in funding.
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Image Credit: Quest Ventures

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Source: E27