Asia Venture Group

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Asia Venture Group
TypePrivate Limited Company
Founded2013
Headquarters
Kuala Lumpur
Key people
Tim Marbach (CEO) | Kai Kux (Managing Director)
Number of employees
incl. Ventures 1000 (2016)
Websiteasiaventuregroup.com

Asia Venture Group Sdn Bhd (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, TrustedCompany, iprice and HappyFresh.[1] The company focuses on digitally scalable business models in Southeast Asia.[2]

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, 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] HappyFresh is an online grocery platform with 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]

Investments[]

As of 2016 AVG had invested in more than 20 companies, predominantly early stage companies, such as: KFit, Scalable Capital or Movinga.[7] 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 (in American English). 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. (in American English). 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 (in American English). Retrieved 2016-04-27.
  6. ^ "About us - Asia Venture Group". Asia Venture Group (in British English). Archived from the original on 2016-04-21. Retrieved 2016-04-27.
  7. ^ "Asia Venture Group". angel.co. Retrieved 2016-04-27.
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