| Asia Venture Group | |
| Type: | Private Limited Company |
| Founded: | 2013 |
| Hq Location City: | Kuala Lumpur |
| Key People: | Tim Marbach (CEO) Kai Kux (Managing Director) |
| Num Employees: | incl. Ventures 1000 (2016) |
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]
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]
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, and Returbo.