Company:Asia Venture Group
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| 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 |
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
- ↑ "Asia Venture Group". https://e27.co/investor/asia-venture-group.
- ↑ "Tech in Asia - Connecting Asia's startup ecosystem" (in en-US). https://www.techinasia.com/companies/asia-venture-group.
- ↑ "Malaysia’s iMoney Raises Seed Funding, Preps Personal Finance Platform Launch in Singapore | Intelligent Money Sdn. Bhd." (in en-US). 2013-06-04. http://www.imoney-group.com/malaysias-imoney-raises-seed-funding-preps-personal-finance-platform-launch-in-singapore/.
- ↑ Russell, Jon. "iPrice, A One Stop Shop For Buying Online In Southeast Asia, Lands $550,000". https://techcrunch.com/2015/05/20/iprice/.
- ↑ "HappyFresh secures $12m Series A, led by Vertex and Sinar Mas" (in en-US). http://www.dealstreetasia.com/stories/online-grocery-startup-happyfresh-bags-12m-in-series-a-round-led-by-vertex-sinar-mas-12282/.
- ↑ "About us - Asia Venture Group" (in en-GB). http://asiaventuregroup.com/about-us/.
- ↑ "Asia Venture Group | CrunchBase". https://www.crunchbase.com/organization/asia-venture-group#/entity.
- ↑ "Asia Venture Group". https://angel.co/asia-venture-group.
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