GBCI Ventures Extends Help To Flooding Victims In Cambodia
25 July 2019 – GBCI Ventures, as part of its corporate social responsibility initiative, has donated 20 million Cambodian riel to Cambodian Red Cross during the latter’s celebration of its 156th founding anniversary.
The Cambodian Red Cross (CRC) is the largest humanitarian organization in Cambodia. Established on 18 February 1955, it is officially recognized by the Royal Government as the primary auxiliary to the public authorities in humanitarian services.
The donation will specifically help the evacuation of the victims of the widespread flooding in Battambang province that affected more than 500 homes. This will support evacuees who were placed to the higher ground and need supplies on tents, food and water.
Singapore-based GBCI Ventures is a $100m leading venture capital fund and a venture builder of smart city technology applications in Asia with offices in Singapore, China, Myanmar, Thailand, Philippines and Cambodia. Its presence in Cambodia will support the local fintech community; encourage growth of its local start-ups and partner with more entities globally to build, setup and grow in the country.
About GBCI Ventures
Singapore-based GBCI Ventures is a leading venture capital fund and a venture builder in Asia. We invest in startups in the early stage of opportunities in smart city technology. We bring together a new generation of technology leaders, solutions providers and community that are key to building a dynamic and adaptive smart city ecosystem.
GBCI’s US$100m smart city fund is 70% dedicated to venture building and 30% dedicated to VC activities on companies that eventually will be merged or acquired by GBCI. The GBCI venture building team is now 1000 across 8 countries in Asia, including China, with 400 of them being engineers. GBCI focuses on innovative technology investments ranging from artificial intelligence (AI), cloud computing, robotics, big data, IoT, blockchain to virtual reality (VR). For more information, please refer to https://gbci.vc