Canadia Impact Fund backs Cambodian AI startup Newwave in seed round
What's the deal? Canadia Impact FundDealroom has a profile for this one. Try Dealroom → Co., the venture capital arm of Cambodia's Canadia GroupDealroom has a profile for this one. Try Dealroom →, has invested an undisclosed amount in the seed round of Newwave Tech FoundryDealroom has a profile for this one. Try Dealroom →. The deal was announced on September 16 at the third Digital Trade Forum in Phnom Penh.
What's the endgame? Founded in 2024, NewwaveDealroom has a profile for this one. Try Dealroom → provides AI transformation and software development services to medium and large organisations. It is also building RE:AIDealroom has a profile for this one. Try Dealroom →, a platform for small and medium businesses that will initially focus on sales, marketing, accounting, supply chain, and human resources.
Why now? The investment lands as Cambodia advances its National Strategy on Startup Development 2026-2030, launched in August 2026.
The signal: The deal is only the fund's second disclosed startup investment, after logistics company Jalat LogisticsDealroom has a profile for this one. Try Dealroom → — a sign of a still-young venture scene taking shape around Cambodia's national push to grow its startup ecosystem.
Read more: techinasia.com
Image credit: BryonLippincott
