$5 mil Smart fund launched for start-ups
Smart Axiata, Cambodia’s leading telecommunications company, on March 28 launched a $5 million venture capital fund for digital service companies and start-ups in the country. The Smart Axiata Digital Innovation Fund aims to meet demands for cash and expertise as the number of Cambodian digital entrepreneurs increases rapidly. “While the number of Cambodian digital entrepreneurs has mushroomed in recent years, there has not been a dedicated fund available to invest in these businesses – both in terms of cash and expertise,” said Thomas Hundt, CEO of Smart.
