Cambodia-based VC firm Ooctane raises $55m for tech investments

Cambodia. Photo by Pisit Heng on Unsplash

Cambodia’s Worldbridge Group-backed venture capital firm Ooctane has closed its debut fund at $55 million to invest in local tech startups, a spokesperson told DEALSTREETASIA.

The soft launch of the venture capital fund was announced in June last year with a $5-million contribution from Oknha Rithy Sear, founding chairman of Worldbridge Group. Worldbridge is one of Cambodia’s largest logistics companies.

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