Rithy Thul (left), co-founder of SmallWorld Ventures, and Zoe Ng (right), co-founder of Raintree
Cambodia-based Raintree, a co-working space and creative entrepreneurs hub, partners with SmallWorld Venture, a venture capital firm, to launch the first flagship co-working space of SmallWorld Realty, on the premises of the Raintree building.
The partnership, an official statement read, aims to provide support to the startup community in Cambodia.
SmallWorld Venture is an equity-based investment firm that was co-founded in 2011 by Rithy Thul with a mission to create a shared professional workspace, to facilitate business minds to “explore aspirations while transforming their ideas into reality”.
Raintree claims to be the first creative office development hub for creatives, entrepreneurs, technologists, young people, and professionals alike by providing space to collaborate through the Core (open plan office space), the Canopy (loft event space), and the Crown (open rooftop terrace). It was opened in 2016 by co-founders Zoë Ng and Cambodian architect Hok Kang.
“We felt that bringing SmallWorld and Raintree together was the perfect opportunity to catalyse further growth in the tech community. As Raintree is always on the lookout for partnerships with industry leaders, to fuel growth in the Cambodian economy,” said Ng, Managing Director of Raintree.
Also Read: Report: Cambodia saw 140 per cent rise in tech startup investment in 2018
According to Thul, SmallWorld looks to bring together tenants whose founders have some track record and are more established within the Cambodian tech community. “This is a space where entrepreneurs and founders can bring prospective investors to appraise their operations, as well as like-minded individuals and groups they want to collaborate with,” Thul added.
Tenants at Raintree in Cambodia include Microsoft, Viber, Grab, Havas Socialyse, Havas Champagne, and Saturday Kids/Coding Cats.
In the past, Raintree has been awarded the Best Office Development – Cambodia at the 2017 International Property Awards, Asia Pacific.
SmallWorld Realty will be located in the prime commercial development of Phnom Penh boasting seven private offices and 42 shared desks.
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