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Singapore's Quest Ventures secures first close of $50m fund

Southeast Asian startups to be a focus of institutionally backed investments

SINGAPORE -- 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.

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