Former refugee bets on Cambodia's early-stage startups

Logistics tycoon raises $55 million to spur development

20180901 Cambodia VC

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)

AKANE OKUTSU, Nikkei Staff Writer

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.

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