INVESTMENT STRATEGY:
Value Investing, based on profit first, then scale
Entry Point 1
Company is over-scaled and still unprofitable, but lacking in VC interest. Turn Capital provides the capital and expertise to get to profitability.
Entry Point 2
Company reached profitability but is hitting plateau in growth, lacking VC interest and exit opportunities. Turn Capital provides expertise, additional capital, and some liquidity to get the company back on the path to growth
with proven business models and experiences we excel at helping companies either grow from...
where founder(s) have proven ideas with revenue but have problem reaching profitability.
where founder(s) have built a company that has proven profitability but has hard time reaching its full potential
1 to 10
10 to 100
SELECT HISTORY
Joseph Phua founds Paktor.
Paktor takes controlling stake in 17Media, a popular live streaming company in Taiwan.
Paktor and 17Media merges to form M17 Entertainment Ltd. (now 17LIVE Inc.).
17LIVE raises Series C funding and grows into the largest live streaming platform by revenue in both Japan and Taiwan.
2020
Turn Capital is founded by Joseph Phua, committing initial capital for Asia based startups. Joseph Phua resigns as CEO of 17LIVE, but remained as company chairman.
2021.02
Turn Capital acquires SoundOn. Turn Capital shifts focus from minority investments to buyout opportunities, working with founders/management to build better companies.
2021.05
Turn Capital acquires Dapp pocket, which merges with Cappu (self-incubated) to form Coinomo, an digital asset manager applying blockchain technologies.
2023.04
Turn Capital launches NextApple, currently the leading independent news media platform in Taiwan.
2022.01
SoundOn Group receives investment from Taiwan Mobile.
2022.09
Turn Capital acquires Zuvio, the most popular college learning App in Taiwan. Combined, Turn Capital portfolio companies have in excess of 10 million users.
2021.07
Turn Capital acquires Goodnight. Goodnight merges with SoundOn to form the largest audio media group in Taiwan to date.
2018.12
2017
2016
2013
WHY US?
Align interest with founders, bringing additional capital to company while ensuring founders reasonable incentives
Turn Capital focuses on VALUE and cashflow. Our portfolio companies typically turn cashflow positive within 1 year
Deep operational experience with startups at all stages to guide the company to profitability
Timing allows us to deliver the critical capital to company when they need it most, and when their valuation is the lowest
PORTFOLIO
Who We Have Invested In / Acquired
INVESTMENTS
OUR TEAM
Chief Financial Officer
Partner
ROGER HUANG 黃劭勛
ZORA LU 呂蓉慈
Investment Associate
Finance Controller
Partner
LEO CHENG
Venture Partner - Blockchain
OUR PARTNERS
Strong Ties With Renowned Partners and Investors Around the Globe
CAREERS
We focus on 100% win rate across fewer portfolio companies, through hands-on operational approach. All roles require active operational work with portfolio companies. We are actively seeking talents with operational expertise and entrepreneurial mindset to join one of the most unique investment houses in Asia. Join us if you're passionate about driving change.
We work remotely and value independence.
Packages are negotiable.
Referral bonus: USD 10,000 per successful referral, after candidate is with firm for a quarter.
Reach out to us at careers@turncapital.io, let's chat.
