Over the last decade, Cambodia’s digital startup ecosystem has developed into a vibrant and dynamic space. Cambodia’s economy has sustained an average real growth rate of 7.7% between 1998 and 2021, making it one of the fastest-growing economies in the world. Cambodia has a spirited market to enable a significant digital economy of tech-driven products and services. Cambodia’s startup scene is leading towards a more diverse and digitally focused entrepreneurship, particularly in the tech industry. Giant corporations and companies are taking notice of the steady growth of Cambodia’s tech startups.
Cambodia has positive market conditions for foreign investment and government support for the tech startup ecosystem. Capital flows are significantly less restricted than neighboring ASEAN markets coupled with aspects that improve ease of doing business, such as registration and immigration. A foreign national can move to Cambodia, register their tech business, and wholly own their company in a matter of weeks, making it an attractive destination for tech entrepreneurs.
List of Top 25 Startups to Watch in Cambodia
YouAdMe is the 21st Century self-serve Word-of-Mouth Marketing Solution that instantly connects brands to thousands of consumers and content creators who can help multiply positive sentiment and brand awareness through their social networks.
Founders: Bernard Teo
Total Funding: $800K
Founded Date: 2017