Cambodia's emerging startup ecosystem presents untapped potential for venture capitalists and angel investors seeking first-mover advantages in Southeast Asia. While the market has historically seen limited international capital deployment compared to regional counterparts, recent government initiatives and regulatory frameworks have created a more conducive environment for startup investments. Early-stage investors and venture funds are increasingly recognizing Cambodia's strategic position within the Greater Mekong region, its young tech-savvy population, and rapidly growing digital economy. For forward-thinking investors, the Kingdom represents an opportunity to enter a market with significant growth potential, lower valuations, and less competition compared to saturated Southeast Asian startup hubs!
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Venture Capitalist Funds in Cambodia
The venture capitalist funds below are actively looking for investment opportunities in diverse sectors and at different stages. The stages stated do not limit the possibility of getting funding if your company is at any stage other than what is listed. All quoted investment ranges are in US Dollars unless otherwise stated.
Type: VC
Stage: Seed, Series A
Investment Value: Not disclosed
Focus: Trade, Real Estate, Technology
Haystack Fund is a venture capitalist with a global presence and bases in Canada, Europe, and Asia. They have three core focus: trade between Southeast Asia and Canada, real estate and land development projects, and technology at the pre-seed or seed stage. What they care about is finding business models that have evident market potential, carried on by a passionate and relentless team. They want to help you reach an upward trajectory by connecting you with the right mentors and investors - you can call them up to bounce ideas on whatever you need help with. Their portfolio of Asian ventures are Camboticker, Winebodia, and Breathe Wild.
Type: VC
Stage: Seed, Series A, Series B
Investment Value: Not disclosed
Focus: Climate Change, Poverty Alleviation, Women Empowerment
With a focus on positive impact and the United Nation Sustainable Development Goals, Uberis Capital provides funding and technical assistance to businesses impacting lives in Southeast Asia. Based on and operating in Cambodia, they have a strong local presence and understanding of the Southeast Asian markets. They know the risks and opportunities in the market and have a network of partners and investors operating in the same region as the ventures. As such, they want to be a partner in supporting ventures through their lifecycle - from seed to growth stage. Some of the impactful ventures in their portfolio are Wality, Solar Home, TeOra, Sun-eee, and Barlolo, among many others.
Type: VC
Stage: Seed, Series A, Series B
Investment Value: $14 million - $35 million
Focus: Sector Agnostic
Tanncam Investments invests in early-stage companies across diverse industries with a track record of deals across the globe. However, before investments, they actually focus on management consulting services, acting as trusted counselors to the startups within their portfolio. Consisting of a team of experienced talent both locally and internationally, they have expertise in various business areas such as banking, corporate finance, audit, data management, and more. They will provide startups with tailored advisory services and best practice solutions to improve the startup's operational, financial, and investment efficiencies and increase its value. In Cambodia, their existing projects are the Cambodian Investment Management Co., Ltd and Vibe Cafe Hospitality.
Type: VC
Stage: Seed, Series A, Series B
Investment Value: Not disclosed
Focus: Sector Agnostic
Having lived the entrepreneur life themselves, the team at Obor Capital has the experience, expertise, and network to support entrepreneurs walking on the same path. They want to aid visionaries who are disrupting the traditional sectors with innovative solutions, or those paving the way to a new market opportunity. Acting as a coach, colleagues, and co-founders, they are more than just advisors in the business. They take an active and hands-on approach to collaborating with entrepreneurs and supporting their development. With their local market intelligence and skillful talent, they have the capacity to assist startups in all areas of business-building, including strategy, financial management, business development, operations, and fundraising. Their portfolio of Cambodian startups includes Kwish, Camboticket, Shoprunback, Delishop, and Gaea.
Type: VC
Stage: Seed, Series A, Series B
Investment Value: Not disclosed
Focus: Technology
To help startups access long-term funding, PLMP Venture Capital provides a range of professional financial services including wealth management, wealth planning, enterprises support, and alternative investment. As the tech venture spin-off from PLMP Fintech based in Singapore, they bring international connections, financial institutions, and technology innovators into the Cambodian ecosystem. They have the platform and funds to support and grow Cambodian startups to reach international levels.
Type: VC
Stage: Series A, Series B
Investment Value: $1 million - $14 million
Focus: Telecommunications Media Technology
With a focus and strong presence in Southeast Asia, Belt Road Capital Management invests in entrepreneurs with the vision to improve lives within the region. In particular, their vision is to invest in the future of the Greater Mekong Subregion. Since its establishment in 2017, they have been involved in multiple startup rounds, including Groupin, Sabay, DCG, and Tima. With a large team of industrial, business, and financial professionals working across industries in offices worldwide, they have extensive experience and connections to provide startups with strategic advice, growth hacking, and market insights.
Angel Investors in Cambodia
The Angel investors listed below are part of and represented by an Angel group. As individual Angel investors are hard to come by, these platforms are the best place to secure Angel financing.
Type: Angel Group
Stage: Seed, Series A
Investment Value: Not disclosed
Focus: Sector Agnostic
Cambodia Angel Investors Network, also known as CAIN, is the first angel investment network in Cambodia. They run programs to connect startups and angels, organizing events such as investment pitches, startup pitches, business evaluations, and networking. The angels in their network are seasoned entrepreneurs who have the fundamental business knowledge and a risk appetite to invest in a business. It is the best gateway for Cambodian startups to meet angel investors and secure funding, either individually or through a syndicated investment.
Closing Thoughts on VCs and Angel Investors in Cambodia
In this list, we have provided you with multiple venture capitalists and angel investors available in Cambodia. Though there are not as many venture capitalists nor angel investors yet, we are expecting these numbers to start picking up soon. As previously discussed, the government is committed to developing the startup ecosystem in the country. Before long, we should see their initiatives and efforts come to fruition - and more funds being directed to Cambodian startups!
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Frequently Asked Questions on VCs and Angel Investors in Cambodia
What's the typical investment range for Cambodian venture capital and angel investments?
Early-stage investments in Cambodia typically range from $50K-$250K for angel investors, while venture capital firms focus on deals between $250K-$2M. The market primarily centers on seed and Series A rounds, with syndicated deals becoming more common through regional VC networks and local angel groups.
Which sectors are attracting the most investment in Cambodia's startup ecosystem?
Priority sectors include fintech (particularly payment solutions and financial inclusion), e-commerce platforms, logistics technology, edtech, and digital services. Investors are particularly interested in startups addressing local market inefficiencies and those with potential for regional expansion.
How does the due diligence process work in Cambodia's startup environment?
Due diligence in Cambodia typically involves thorough examination of business licenses, regulatory compliance, market validation, and growth metrics. International investors often partner with local firms or advisory groups to navigate the regulatory landscape and verify business fundamentals.
What are the key entry points for foreign investors into Cambodia's startup scene?
Most successful entries come through established channels like Khmer Enterprise, Cambodia Investors Corporation (CIC), and local accelerator programs. Networking events, pitch competitions, and partnerships with local venture builders provide valuable access points for international investors.
What unique challenges should investors consider in the Cambodian market?
Investors should consider factors such as the developing regulatory framework, market education needs, and scaling challenges within the local ecosystem. Understanding local business culture, building strong relationships with government stakeholders, and partnering with experienced local players are essential for successful investments.
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