ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Startups

Former refugee bets on Cambodia's early-stage startups

Logistics tycoon raises $55 million to spur development

After staying in a refugee camp, Rithy Sear built a logistics empire that has branched into over 28 businesses. He is now setting up one of Cambodia's first venture capital funds. (Photo by Akane Okutsu)

PHNOM PENH -- The chairman of Cambodia's largest logistics group has raised $55 million to invest in the country's growing stable of early-stage start-ups.

Rithy Sear, a former Cambodian refugee who founded Worldbridge Group after working for the United Nations in the 1990s, will deploy the funds through a new venture capital firm to be called Ooctane.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more