ShipsFocus and Quest Ventures Launch Maritime Fund, At Over SGD10M


ShipsFocus, a maritime-dedicated venture studio, and Quest Ventures, a venture capital firm focused on Asia, launched The Maritime Fund with a first close at just over SGD 10m (USD 7.5m).

Led by Mr. Chua Chye Poh, the Maritime Fund will invest in startups and technologies spanning applications in shipping & operations, maritime services, and port operations & services. These can include transiting shipping into a digital operating system, reducing shipping ESG, GHG emission and regulatory challenges, and deep-tech disruptions ranging from autonomous vehicles to increase in logistics visibility.

The vehicle makes investments at the early Series Seed and Series A stages.

ShipsFocus creates technology startups and solutions that digitize and demystify the complex maritime web and its
myriad operations, linking inter-connected data silos and generating recurring values for users in maritime commerce.

Quest Ventures is a top venture capital firm in Asia with a portfolio of 90+ venture-backed companies that operate in more than 150 cities across the continent, creating employment and advancement opportunities for more than 4,400 employees, while its Enterprise and ESG efforts directly impact thousands more.

Its portfolio companies include unicorns and companies such as Carro, Carousell, ShopBack, 99.co, and others.

FinSMEs

09/11/2021



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