Description
Turn Capital acquires undervalued consumer and technology companies in developed Asian markets and works to turn them back onto a path of growth and profitability, targeting exits within five years. Founded in 2020 by Joseph Phua (building on his earlier venture Paktor, founded in 2013), the firm emphasizes founder-aligned incentives, deep operational experience with startups at all stages, a focus on value and cashflow (portfolio companies typically turn cashflow positive within a year), and precise timing of capital deployment. Its strategy centers on value investing based on profit first, then scale, engaging companies either with proven revenue traction facing profitability challenges, or companies with proven profitability seeking to reach full potential. The firm's portfolio includes 17LIVE, CitaDAO, NextApple, DeFiSafety, Metub, Paktor (exited), RPG, SoundOn, Theodore Alexander, Zuvio, King's Lynn Town FC, and Flash Coffee, spanning live streaming, media, blockchain, education technology, sports, and consumer retail. Through its affiliated Turn Sports Investments (TSI) arm, the firm also invests in sports-related projects globally, including King's Lynn Town Football Club in England. Combined, Turn Capital's portfolio companies serve in excess of 10 million users.