Asia Venture Group

Asia Venture Group (AVG) is a private holding company investing in digital businesses. AVG invests in early stage companies, and has since inception, co-founded 4 companies: iMoney, Trusted Company.com, iprice and HappyFresh.[1] The company focuses on digitally scalable business models in South-East Asia.[2]

Asia Venture Group
Founded 2013
Headquarters Kuala Lumpur
Key people
 Tim Marbach (CEO) | Kai Kux (Managing Director)
Number of employees
 incl. Ventures 1000 (2016)
Website asiaventuregroup.com

History

AVG was incorporated in Kuala Lumpur by the German entrepreneur - Tim Marbach in 2013. In the same year, AVG invested USD500,000 in imoney.my, a Malaysia-based financial products comparison site.[3] In November 2013, AVG co-founded its second company, TrustedCompany.com, a review platform for e-commerce businesses in Malaysia, India and Brazil.

In 2014, Kai Kux joined AVG as its Managing Director. AVG co-founded its third and fourth company later in year 2014: iPrice, a one stop platform for e-commerce discovery in South-East Asia,[4] and HappyFresh, an online grocery platform with next hour delivery service, which commenced operation at the end of 2014.[5]

As of 2016, AVG (together with its co-founded companies) has presence in 8 cities through 13 offices around the globe, with more than 1,000 employees from more than 35 countries.[6][7]

Investments

AVG has invested in more than 20 companies so far, predominantly early stage companies, such as: KFit, Scalable Capital or Movinga.[8] As of current, AVG has already exited a number of its investments, e.g. Audibene, KaufDA and Returbo.

References

  1. ↑ "Asia Venture Group". e27.co. Retrieved 2016-04-27.
  2. ↑ "Tech in Asia - Connecting Asia's startup ecosystem". www.techinasia.com. Retrieved 2016-04-27.
  3. ↑ "Malaysia’s iMoney Raises Seed Funding, Preps Personal Finance Platform Launch in Singapore | Intelligent Money Sdn. Bhd.". Intelligent Money Sdn. Bhd. 2013-06-04. Retrieved 2016-04-27.
  4. ↑ Russell, Jon. "iPrice, A One Stop Shop For Buying Online In Southeast Asia, Lands $550,000". TechCrunch. Retrieved 2016-04-27.
  5. ↑ "HappyFresh secures $12m Series A, led by Vertex and Sinar Mas". DealStreetAsia. Retrieved 2016-04-27.
  6. ↑ "About us - Asia Venture Group". Asia Venture Group. Retrieved 2016-04-27.
  7. ↑ "Asia Venture Group | CrunchBase". www.crunchbase.com. Retrieved 2016-04-27.
  8. ↑ "Asia Venture Group". angel.co. Retrieved 2016-04-27.
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