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]
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Founded | 2013 |
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Headquarters | Kuala Lumpur |
Key people | Tim Marbach (CEO) | Kai Kux (Managing Director) |
Number of employees | incl. Ventures 1000 (2016) |
Website |
asiaventuregroup |
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
- ↑ "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. "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. Retrieved 2016-04-27.
- ↑ "Asia Venture Group | CrunchBase". www.crunchbase.com. Retrieved 2016-04-27.
- ↑ "Asia Venture Group". angel.co. Retrieved 2016-04-27.