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 Southeast 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 German entrepreneur Tim Marbach in 2013. That 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 companies in 2014. iPrice is a one stop platform for e-commerce discovery in Southeast Asia.[4] HappyFreshaisn online grocery platform with next one hour delivery service, which commenced operation at the end of 2014.[5]

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

Investments

As of 2016 AVG had invested in more than 20 companies, predominantly early stage companies, such as: KFit, Scalable Capital or Movinga.[8] AVG has already exited some investments such as 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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