Asia Venture Group

Asia Venture Group

Type	Private
Founded	2013
Headquarters	Kuala Lumpur
Key people	Tim Marbach (CEO) | Kai Kux (Managing Director)
Number of employees	incl. Ventures 1000 (2016)
Website	asiaventuregroup.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][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

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