Asia Venture Group

Asia Venture Group (AVG) is a Kuala Lumpur, Malaysia-based internet holding company and venture capital firm founded in 2013 by Tim Marbach and Kai Kux. With approximately $100 million in assets under management, AVG focuses on long-term value creation in Southeast Asian digital markets by launching and investing in scalable online business models. The firm is deliberately selective, taking hands-on operational roles rather than passive equity positions — functioning as an active company builder embedded in portfolio operations. AVG has made 35 investments primarily at pre-seed and seed stages across e-commerce, fintech, food and beverage, healthtech, and digital marketing. The portfolio includes one unicorn — Cars24 — alongside iMoney, TrustedCompany, KFit, HappyFresh, and Limitless Technology, with 16 portfolio acquisitions recorded. The firm leads rounds and writes checks of $500K to $5 million. Tim Marbach previously served as Executive Chairman of TrustedCompany; Kai Kux co-founded HappyFresh, giving the partners direct operating experience in portfolio-adjacent categories. AVG's company-builder model distinguishes it from financial-only venture investors in the region: the team combines international operational know-how with deep local market relationships and the ability to recruit and manage local management talent on behalf of portfolio companies. This hands-on approach is particularly valuable in Southeast Asia, where market dynamics vary significantly by country and local execution is often the decisive competitive factor.