Top 10 Startup Investors in Cambodia (June 2026)

X Venture Holdings ("XVH") is a Hong Kong based investment fund that focuses on funding and creating value for startups and early stage growth companies in Southeast Asia. XVH believes in a sector agnostic approach to investing and managing its portfolio companies around the region. Along with its partners and co-investors, XVH focuses ondeveloping mutually beneficial partnerships with innovative and status quo challenging founders who are looking to change the world for the better. XVH's focus sectors primarily include but not limited to tech, healthcare, and consumer services.

Investment focus

Industry: Medical, Education, Logistics
Stage:Seed, Pre-Seed
Geography: Cambodia, Myanmar

Investor stats

Total investments: 6
Lead/follow: 17% lead, 83% follow

Portfolio highlights

Max Icon PLC — Healthcare Holding Company
Jalat Logistics — Effortless, fast, and reliable delivery solutions designed to keep your business moving smoothly. With real-time tracking, same-day delivery, and seamless integration, Jalat Logistics makes shipping easier and more efficient than ever.
XVH Learning Hub — XVH Learning Hub is a learning platform that curates and offers training programs for startup and SME business owners (in Myanmar and beyond) with the aim to equip the program participants with real-world skill sets to help navigate through the entire entrepreneurial journey, from venture ideation to fundraising and cross border expansion. Theoffered programs will aim to provide training and insights into building up, scaling, and expanding the businesses into regional and ultimately international ventures.

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The UNICEF Innovation Fund is a pooled funding vehicle to quickly assess, fund and grow open-source solutions that have been developed in new and emerging markets.UNICEF's Innovation (Venture) Fund is a newly established, non-thematic, pooled fund which has been specifically designed to finance early stage, open-source technology that canbenefit children. The core motivation of the Innovation Fund is to identify "clusters" or portfolios of initiatives around emerging technology - so that UNICEF can both shape markets and also learn about and guide these technologies to benefit children. They invest in solutions that can impact the lives of the most vulnerable children. They find these solutions clustered around $100billion industries in frontier technology spaces, such as: blockchain, UAVs, virtual and augmented reality, 3D printing, machine learning, quantum computing, genetic engineering, Internet of Things, artificial intelligence, nano-satellites and human dynamics.

Investment focus

Industry: Health Care, Artificial Intelligence, Software
Stage:Grant, Seed, Non-Equity Assistance
Geography: India, Kenya, Argentina

Investor stats

Total investments: 24
Round size: Seed $30k–$100k; Grant $100k–$101k; Non-Equity Assistance $100k–$100k
Lead/follow: 75% lead, 25% follow

Portfolio highlights

VivaMama — VivaMama is a digital postpartum recovery platform that is reinventing maternal care in metropolitan areas.
KAIROS — KAIROS is a health-focused corporation formed by professionals in health training, engineering, and protection. KAIROS creates educational solutions that anticipate hazards and empower individuals in prevention.
Ibu Punya Mimpi — Ibu Punya Mimpi offers consulting services and online platforms for mothers to gain knowledge and expand business networks.

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Jo Ann Corkran, Managing Partner of Golden Seeds LLC and Lead Partner of Golden seeds Fund 2, has been a lead investor on multiple transactions at Golden Seeds including life sciences, consumer goods and technology deals. Jo Ann sits on the board of Crimson Hexagon, a social media monitoring company, and Bespoke Global, an ecommerce company forartisanal furniture. Prior to joining Golden Seeds, Jo Ann spent the majority of her 20 plus year Wall Street career at Credit Suisse. Most recently at CS Asset Management (CSAM) she was Global Head of Cash and Short Duration. Earlier at CSAM she managed the U.S. domestic securitized assets, and U.S. Core Fixed Income Assets. Previously she was at Morgan Stanley and First Boston. She started her career as a Consulting Actuary in the Econometric Modeling Area of Buck Consultants. She used to sit on the Investment Committee of the Common Endowment Fund of the UUA 2003-2009, and the Socially Responsible Investing Committee UUA 2002-2003. Jo Ann holds a BS in Mathematics from NYU and was a Fellow of the Society of Actuaries.

Investment focus

Industry: Video Streaming, Fitness, mHealth
Stage:Seed, Angel, Series C
Geography: United States, Cambodia

Investor stats

Total investments: 5
Round size: Seed $740k–$10M
Lead/follow: 40% lead, 60% follow

Portfolio highlights

FORTË (acquired by Echelon Fitness) — FORTË enables fitness brands globally to create a high-quality, premium digital fitness platform cost-effectively. FORTË installs its proprietary streaming hardware and software at one or more of its clients’ locations, deploys a customized website and accompanying mobile apps, and assists the client to launch and promote its new virtual offering.End-users can stream live and on-demand fitness classes from their favorite gym while interacting with their community on two-way video, tracking their performance in real-time on leaderboards and through wearable integrations, participate in challenges, and get social with their friends. FORTË powers UFC, Goodlife Fitness, YMCA's, NFL Player's Association, The Edge, Heartcore, GYMVMT, and many other well-known gym chains and boutique studios.
BookMeBus — Travelling or planning your trip across Cambodia, Laos, Vietnam and Thailand? Find the best deals on bus, taxi and ferry tickets on BookMeBus.com. Book now!
EliseAI — Elise is an artificially intelligent leasing agent for multifamily communities. As an AI leasing assistant, Elise responds, follows up, and books showing appointments.

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We focus exclusively on privately-negotiated investments in Asia, seeking either majority or shared control. We invest opportunistically across industries, including real estate, one of the biggest publicly listed businesses in the region. In Asia, we believe the distinction among traditional alternative investment styles – buyout, growth,distressed, mezzanine, PIPEs, activist, real estate opportunity, etc. – is relatively meaningless. Indeed, many of our most successful deals have combined elements of several of these styles. We make the investment suit the opportunity.

Investment focus

Industry: Hotel, Travel, Tourism
Stage:Series A, Private Equity
Geography: Vietnam, Cambodia

Investor stats

Total investments: 2
Lead/follow: 100% lead, 0% follow

Portfolio highlights

Mad Monkey — Discover amazing backpacker hostels across Southeast Asia. Air-con dorms, rooftop bars, pools, and vibrant social atmosphere. Book direct for best rates!
SON KIM LAND — SON KIM LAND is an investment and development company that develops people with empowerment culture as career-oriented individuals. The company creates an environment where people with integrity, leadership, and commitment work together as a team to achieve a vision. The company recruits capable employees, encourage, and support the continuousdevelopment of the skills and knowledge, and motivate to produce results.SON KIM LAND was founded on 1993 and is headquartered in Ho Chi Minh City, Vietnam.

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Adrian became a serial entrepreneur who had multiple exits across the USA, Australia and NZ. Adrian is co-founder and lead investor at AngelCube, Melbourne’s first venture accelerator, which provides seed investment and mentoring for technology start-ups and recently won StartupSmart magazine’s “Best Start-up Investor” award. Adrian is alsofounding chairman of Investors' Organisation, whose mission is to grow the pool of investors willing to support Australia’s next generation of entrepreneurs, through collaboration and idea exchange. Adrian has invested in more than 40 Australian and US startups.

Investment focus

Industry: Software, Transportation, Apps
Stage:Angel, Seed
Geography: Australia, United States, Cambodia

Investor stats

Total investments: 7
Round size: Seed $70k–$500k; Angel $15k–$260k
Lead/follow: 0% lead, 100% follow

Portfolio highlights

BookMeBus — Travelling or planning your trip across Cambodia, Laos, Vietnam and Thailand? Find the best deals on bus, taxi and ferry tickets on BookMeBus.com. Book now!
PoweredLocal — Wish you could uncover who's walking into your locations? PoweredLocal converts your real world visitors into a digital profile, complete with contact information, and sends this data into your existing marketing and CRM platforms. In real time.
Freight Exchange Pty Ltd — Multi-Carrier Shipping Software | TMS | FMS | ERP

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Opes-Lcef is an impact investor that provides catalytic capital to early-stage social enterprises in emerging markets.

Investment focus

Industry: Communities, Agriculture, Energy
Stage:Seed, Series A
Geography: Italy, Kenya, India

Investor stats

Total investments: 43
Round size: Seed $219k–$910k
Lead/follow: 28% lead, 72% follow

Portfolio highlights

Refolo — Refolo is a type B social cooperative that sees social agriculture as having a dual impact: social and environmental. Refolo was created with the aim of creating an agro-ecological and social corridor that runs through the province of Brescia from north to south with the hope that administrations and other communities will come together to generatea positive impact on the environment and the community.Refolo operates in an area located between the municipalities of Brescia, Collebeato, Villa Carcina and Montirone, territories that share the presence of agricultural areas that over the years have been abandoned due to their unsuitability for intensive agriculture and lack of interest by new generations and that are now ready to start again.
Ecodudu — Ecodudu is a waste-to-value company. It uses a proprietary innovation to recycle organic waste into high-protein animal feed and organic fertilizer using the black soldier fly. It harnesses insects (nature’s recycling agents) to address global issues which include waste management, demand for protein, and environmental conservation.
Sistema.bio — Sistema.bio is a biodigester with biogas appliances. High efficiency biodigesters transform organic waste into renewable biogas.

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Insitor Partners pioneered impact investing as the first impact fund manager to set up operations in Southeast Asia, and a pioneer investor in India and Pakistan. We back entrepreneurs building life-changing solutions for low-income consumers.

Investment focus

Industry: Financial Services, FinTech, Finance
Stage:Seed, Series A
Geography: India, Cambodia, Pakistan

Investor stats

Total investments: 32
Round size: Seed $736k–$2.5M; Series A $1.8M–$5.4M
Lead/follow: 59% lead, 41% follow
Last fund: Likely still investing — raised $42M in 2022

Portfolio highlights

HROne — HROne helps companies to automate the employee lifecycle. Awarded best cloud-based software in India & trusted by 4+ lacs users across 18+ industries.
Boost Capital — Boost Capital is a fintech company that offers online microfinance services at lower rates. It uses innovative technology to pre-qualify customers within minutes of applying for a loan based on ability and probability to repay. Boost Capital enables both collateralized and uncollateralized loans, with loan size across the small business spectrum(from $100 to $10,000). Its platform automates the loan application for MFI partners and allows customers to hear back on their loan applications 100x faster than through traditional paper-based loan applications.The company was founded in 2018 and is headquartered in Singapore.
Butterfly Learnings — Butterfly Learnings is a Leading ABA Therapy, Speech Therapy, and Occupational Therapy Center for parents with special needs children having autism, ADHD, speech delays, down syndrome, learning disabilities & much more.

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David is an entrepreneur and Angel investor. He is very active in promoting angel investing around the world as managing director of Golden Seeds and founder and managing partner of two other angel groups: MAIN, the Mekong angel investor network, leading delegations to invest in Southeast Asia, and Digital Irish Angels, a group of Irish Americansinvesting on the island of Ireland.David is Chairman of Empire Messaging, Inc., a company he started in 1993 and ran until 2004, which provides Enterprise Messaging solutions to corporate clients. David has co-founded 3 other tech enabled companies with successful exits. David is a very active supporter of, and mentor to the early stage ecosystem in NY and is a frequent speaker and panelist on the topics of early stage fundraising and seed investing.

Investment focus

Industry: Transportation, Fleet Management, Information Technology
Stage:Angel
Geography: Cambodia

Investor stats

Total investments: 1
Lead/follow: 0% lead, 100% follow

Portfolio highlights

BookMeBus — Travelling or planning your trip across Cambodia, Laos, Vietnam and Thailand? Find the best deals on bus, taxi and ferry tickets on BookMeBus.com. Book now!

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With more than 1.6 billion people across the globe who still lack adequate shelter, our market development programs are continually pursuing new strategies to assist even more families in need of a safe place to call home.

Investment focus

Industry: Water, Service Industry, Supply Chain Management
Stage:Seed
Geography: Cambodia

Investor stats

Total investments: 1
Lead/follow: 100% lead, 0% follow

Portfolio highlights

TapEffect — TapEffect offers a fully integrated suite of solutions for bringing tap water to last-mile households. We offer the solutions needed to expand piped water networks in remote areas.

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