Asia Venture Group
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| Company type | Private Limited Company |
|---|---|
| Founded | 2013 |
| Headquarters | Kuala Lumpur |
Key people | Tim Marbach (CEO) | Kai Kux (Managing Director) |
Number of employees | incl. Ventures 1000 (2016) |
| Website | asiaventuregroup |
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
[edit]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
[edit]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
[edit]- ^ "Asia Venture Group". e27.co. Retrieved 2016-04-27.
- ^ "Tech in Asia - Connecting Asia's startup ecosystem". www.techinasia.com. Retrieved 2016-04-27.
- ^ "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.
- ^ Russell, Jon (21 May 2015). "iPrice, A One Stop Shop For Buying Online In Southeast Asia, Lands $550,000". TechCrunch. Retrieved 2016-04-27.
- ^ "HappyFresh secures $12m Series A, led by Vertex and Sinar Mas". DealStreetAsia. Retrieved 2016-04-27.
- ^ "About us - Asia Venture Group". Asia Venture Group. Archived from the original on 2016-04-21. Retrieved 2016-04-27.
- ^ "Asia Venture Group". angel.co. Retrieved 2016-04-27.
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