Cambodian VC firm scouts for late-stage deals to grow profitability

Investors expected to shift their capital to the nation following coup in Myanmar.

Ooctane, a Cambodian venture capital firm backed by local logistics company Worldbridge Group, is scouting for “late-stage investment opportunities” in the country due to a paucity of quality deals in the early stages.

The $55 million VC fund is also looking to provide advisory services to companies as it looks to tap the private equity space. Its targets are “good revenue-generating businesses” that have strong unit economics, with “clear traction, growth strategy and road to profitability,” its general partner Tapas Kuila told DealStreetAsia.

Ooctane closed its debut fund in late 2018 with a mandate to invest in Cambodia-connected technology-enabled businesses.

In full: https://asia.nikkei.com/Spotlight/DealStreetAsia/Cambodian-VC-firm-scouts-for-late-stage-deals-to-grow-profitability

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