Second Wave Of Angels To Invest In Most Promising Startups

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160614 - b2b- news - Angel Investor Program To Foster Local Startup Culture

Fourteen angel investors—members of the Mekong Angel Investment Network (MAIN)—will visit the capital early next month looking for promising startup companies to invest on.

Seven members of the angel network already visited Phnom Penh in June in a scouting mission that resulted in two investment decisions—BookMeBus (a local online transport company) and Cambodia Investors Club or CiC (a small- to medium-sized enterprise growth platform) both received investment.

MAIN was established by the Asian Development Bank’s (ADB) Mekong Business Initiative with support from the Australian government. The angel investor network aims to help at least 30 companies become established in the CLMV (Cambodia, Laos, Vietnam and Myanmar) region in the next three years.

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