What Care Ventures Group does

Care Ventures Group (CVG) is a privately held investment company founded in 2023 and headquartered in Petaling Jaya, Selangor, Malaysia, that operates as an ecosystem investor in Southeast Asian health and wellness ventures. Rather than functioning as a traditional venture capital fund, CVG builds and holds portfolio companies within an interconnected care ecosystem anchored by three core brands: ItsHerbs, a modern Traditional Chinese Medicine (TCM) clinic network serving 83,000+ patients; Care Digital, which operates the Care+ AI-driven service platform supporting maternity care for 284,000+ mothers across Malaysia and Singapore; and REN Wellness, a women's wellness brand with AI-powered recommendation engines and 15,000+ health goals met. Additional ecosystem participants include Cozzi (parenting support) and Motherhood Care+ (maternity services), with cross-referral networks linking the brands.

The underlying technical infrastructure centers on the Care+ AI platform, which optimizes patient journeys and care delivery efficiency, supplemented by AI-powered recommendation engines, predictive cycle-aligned replenishment systems, and automated subscription frameworks deployed in REN Wellness. Revenue mechanics span professional services (TCM clinic consultations), subscription/recurring models (Care+ platform and REN subscriptions), and portfolio company value creation through strategic investments. The firm targets three primary customer segments — mothers and families, women seeking female-specific health solutions, and TCM patients — with an additional focus on care service providers through gig economy participation and skills training.

The go-to-market combines physical clinic networks (ItsHerbs), e-commerce storefronts (REN Wellness), a self-serve mobile platform (Care+ Members App), and an internal cross-referral network that enables customer acquisition across portfolio brands. Geographic operations are concentrated in Malaysia with select Singapore exposure via Care+, while the broader investment thesis targets the 290 million female population aged 20-44 across Southeast Asia and the RM3.0 billion Malaysian Healthcare Travel market by 2030.

Name

Care Ventures Group

Legal name

Care Ventures Group Sdn Bhd

Website

https://careventuresgroup.com

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Healthcare and Wellness Investment

NAICS

Funds, Trusts, and Other Financial Vehicles (525), Other Management Consulting Services (541618)

SIC

Services-Management Consulting Services (8742), Services-Nursing & Personal Care Facilities (8050)

akta.pro primary industry

Corporate Strategic Partnership & Ecosystem Investment Arms (FSANAHAF)

akta.pro secondary industries

Corporate Venture Capital (CVC) (FSANAAAF), Strategic / Balance-Sheet CVC (On-balance-sheet investing) (FSANAHAA), Corporate Impact / Climate & Sustainability CVC (FSANAHAJ)

Keywords

• Venture capital investing
• Healthcare investments
• Wellness ecosystem
• Digital health platform
• Maternal wellness

Headquarters

HQ city

Kuala Lumpur

HQ country

Malaysia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Portfolio Company Value Creation: CVG generates returns through strategic investments in health and wellness ventures across Southeast Asia. Revenue is derived from portfolio company growth, synergies, and eventual exit or expansion of invested businesses in TCM clinics, women's wellness, digital health, and maternity care sectors.
2. TCM Clinic Network (ItsHerbs): ItsHerbs operates a network of modern TCM clinics providing holistic wellness solutions. Revenue generated through patient consultations, herbal treatments, and wellness services delivered across the clinic network.
3. Wellness Retail (REN Wellness): REN Wellness generates revenue through herbal-based women's wellness products sold via e-commerce and retail channels, with automated subscription frameworks for recurring revenue.
4. Digital Health Platform Services (Care+): Care+ platform serves healthcare providers including mothers and families through digital services and the upcoming Care+ Members App, generating value through platform adoption and service delivery.

Go-to-market motion2 records

Distribution channels5 records

Marketing channels5 records

Core offering

Care Ventures Group (CVG) is a private investment firm that makes strategic investments in purpose-driven health and wellness ventures across Southeast Asia, building a connected ecosystem of portfolio companies spanning Traditional Chinese Medicine clinics (ItsHerbs), AI-driven health platforms (Care+), women's wellness brands (REN Wellness), and parenting support services (Cozzi). The group provides patient capital, shared digital infrastructure, cross-referral networks, and collaborative R&D to accelerate portfolio company growth.

Product overview

Care Ventures Group operates as an ecosystem investment platform rather than a single product company. The portfolio comprises three core portfolio companies: ItsHerbs (modern TCM clinic network with 83,000+ patients), Care Digital with the Care+ AI platform (serving 284,000+ mothers), and REN Wellness (women's herbal wellness brand with 15,000+ health goals). These operate within a connected care ecosystem that enables cross-referral networks, shared digital infrastructure (Care+ AI platform), and collaborative R&D, allowing patients at ItsHerb clinics to access parenting support via Cozzi while REN protocols integrate into broader wellness offerings.

Differentiator

Problem solved

Functional benefit

Brands

• Care+: AI-driven service platform for healthcare providers to streamline patient journeys and enhance care delivery efficiency. Supports 284,000+ mothers with maternity care services.

Products and services

• ItsHerbs TCM Clinic Network Modern Traditional Chinese Medicine (TCM) clinic network blending traditional herbal wisdom with contemporary healthcare standards to provide holistic wellness solutions. Served 83,000+ patients across Malaysia.
• Care+ AI Health Platform AI-driven service platform and digital infrastructure that streamlines patient journeys and enhances care delivery efficiency for healthcare providers. Supports 284,000+ mothers with maternity care services across Malaysia and Singapore.
• REN Wellness Premium traditional herbal wellness brand for modern women, providing herbal-based solutions for hormonal regulation, menstrual support, and postpartum recovery. 15,000+ health goals met, with automated subscription frameworks for recurring delivery.

Quantifiable outcome

• 284,000+ mothers supported with parenting education
• +4 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability6 records

Feature4 records

Partnerships

Six partnerships are on record, tiered core and adjacent.

• REN Health Sdn BhdcoreStrategic or Co-development Partner · 9 March 2026CVG made a strategic investment in REN Health Sdn Bhd, a Malaysian women's wellness brand developing herbal-based solutions for female health concerns including hormonal regulation, menstrual support, and postpartum recovery. The investment positions REN for its next phase as an AI-enabled women's wellness platform, funding AI-powered recommendation engines, predictive cycle-aligned replenishment systems, and automated subscription frameworks. REN will leverage CVG's digital ecosystem and portfolio brands including itsherbs.com for accelerated market penetration.
• Care DigitalcoreStrategic or Co-development PartnerCare Digital is a portfolio company within CVG's ecosystem developing Care+, an AI-driven service platform providing digital infrastructure to streamline patient journeys and enhance care delivery efficiency. Care+ is shared across the portfolio ecosystem to optimize operations and reduce overhead costs.
• ItsHerbs (itsherbs.com)coreStrategic or Co-development PartnerItsHerbs is a CVG portfolio brand operating a modern TCM clinic network that blends traditional herbal wisdom with contemporary healthcare standards. 83,000+ patients served. ItsHerbs is referenced as a key brand within CVG's ecosystem that REN Wellness will leverage for market penetration.
• CozziadjacentStrategic or Co-development PartnerCozzi is a portfolio company providing parenting support services. Patients at ItsHerb clinics can seamlessly access parenting support via Cozzi through cross-referral networks within the CVG ecosystem.
• Motherhood Care+ (Care+)coreStrategic or Co-development PartnerMotherhood Care+ is a Malaysian health tech startup that raised seed funding to expand maternity care services and launch the Care+ Members App in August 2024, serving mothers across Malaysia and Singapore. Care+ platform is integrated into CVG's ecosystem.
• Malaysian Postpartum Care AssociationadjacentStrategic or Co-development PartnerTan Yew Aik, CVG team member and founder, serves as a key committee member of the Malaysian Postpartum Care Association, shaping industry standards, advocacy, and ecosystem development in Malaysia's postpartum care sector.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Regional players

• East Ventures: One of Southeast Asia's most active early-stage investors with material exposure to healthtech and consumer wellness. Comparable as a SEA-native VC, although East Ventures is a generalist with very high portfolio breadth vs. CVG's narrow thesis.
• Gobi Partners: Pan-Asian VC with strong Southeast Asia presence and dedicated health and wellness thesis. Comparable for cross-border SEA investing and health-focused portfolio construction, though at a materially larger scale than CVG.
• Monk's Hill Ventures: Pan-Southeast Asia early-stage VC with active healthcare and consumer wellness investments. Comparable as a regionally-focused VC operating out of Singapore with similar geographic mandate to CVG, though with a much broader sector remit.
• Wavemaker Partners: Early- and growth-stage VC focused on Southeast Asia with healthcare as a core vertical. Comparable as a SEA-based VC backing mission-driven healthtech founders, although operating at a significantly larger fund size and broader portfolio.
• Openspace Ventures: Singapore-headquartered Southeast Asia VC investing across consumer, fintech, and health. Comparable for its SEA regional mandate and active investment in healthtech, though it is a generalist rather than ecosystem-style operator.
• Jungle Ventures: Singapore-headquartered VC investing across Southeast Asia with growing focus on digital health. Comparable geography and stage but operates a generalist mandate versus CVG's health-and-wellness-only thesis.

Direct peers

• Verge HealthTech Fund: Singapore-based early-stage digital health VC investing across Southeast Asia. Direct peer because, like CVG, it concentrates capital on healthtech ventures in the region and operates as a thematic, sector-focused investor rather than a generalist fund.
• HealthXCapital: Singapore-headquartered digital health VC focused on Southeast Asia and India. Directly comparable as a sector-specialized health investor building concentrated portfolios of health and wellness businesses across emerging Asia.

Others

• Tael Partners: Southeast Asia-focused investment firm where CVG Partner Petrina Goh previously worked. Adjacent comparability through shared personnel and overlapping Southeast Asia consumer/wellness investment lens, though not a direct competitor for deals.
• Seeds Capital: Singapore government-linked seed investor active in healthtech and wellness startups. Comparable as a health-focused early-stage capital provider in the same SEA geography, though structured as a government vehicle rather than a private ecosystem builder like CVG.

Market position

Strengths5 records

Weaknesses3 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/careventuresgroup

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments3 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Care Ventures Group