About Smart Axiata Digital Innovation Fund
Smart Axiata Digital Innovation Fund is a venture capital firm founded in 2017. It is primarily based out of Phnom Penh, Cambodia. As of Dec 2020, Smart Axiata Digital Innovation Fund has invested in 9 companies. It primarily invests in Seed round in Cambodia based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to FinTech and Food and Agriculture Tech. Most recently it participated in the $***** Seed round of DRVR Overall, Smart Axiata Digital Innovation Fund portfolio has seen 1 IPO and 1 acquisition, namely DRVR and Morakot Technology. A lot of funds co-invest with Smart Axiata Digital Innovation Fund, with names like Schneider Electric sharing a substantial percentage of its portfolio.Smart Axiata Digital Innovation Fund's List of Top Investments
Smart Axiata Digital Innovation Fund has a portfolio of 9 companies. Their most notable investments are in Morakot Technology and Goama.Their portfolio spans across Cambodia, Australia, China and 2 more locations. They have invested in Enterprise Applications, FinTech, Food and Agriculture Tech and 9 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by Smart Axiata Digital Innovation Fund:1. DRVR
Big data analysis focussed on driving behavior to improve fleet efficiency, direct costs, and deliver improved customer service. It also gathers data important for driving more business. It offers solutions for fleet utilization & real-time monitoring.
Key facts about DRVR
- Founded Year: 2014
- Location: Bangkok (Thailand)
- Stage: Acquired
- Total Funding till date: $450K
- Employee Count: 18 as on May 31, 2026
- Investors: Smart Axiata Digital Innovation Fund, GLOBAL ACCELERATION ACADEMY and 1 Other
- Latest Funding Round: Seed, Dec 21, 2020, $*****
- Highlight: Acquired
2. Nham24
Online platform for food ordering and delivery in Cambodia. Customers can search serviceable restaurants by providing their addresses on the platform. They can browse through the menus of different restaurants and create an order. After an order is created, the food is prepared and delivered to the customer. The company offers mobile applications for Android and iOS platforms.
Key facts about Nham24
- Founded Year: 2015
- Location: Phnom Penh (Cambodia)
- Stage: Seed
- Employee Count: 37 as on Aug 31, 2026
- Investors: Grab and Smart Axiata Digital Innovation Fund
- Latest Funding Round: Seed, Aug 12, 2018, $*****
3. Okra Solar
P2P Solar power sharing platform. The system can also integrate existing installations into the common grid. It offers solutions where excess power generated post-sharing that was wasted previously can be used to power productive uses and supply powerless neighbors.
Key facts about Okra Solar
- Founded Year: 2016
- Location: Sydney (Australia)
- Stage: Series A
- Total Funding till date: $9.9M
- Employee Count: 46 as on Aug 31, 2026
- Investors: SIG, Schneider Electric and 12 Others
- Latest Funding Round: Conventional Debt, Sep 04, 2023, $*****
- Highlight: Editors' Pick
4. AgriBuddy
AgriBuddy provides a cloud-based software solution for data recording, business intelligence, and agronomy information dissemination to the agriculture industries. The software comes in various version as per the use case. Separate modules for smallscale farmers, large scale farmers, supply chain player, agri input provider, and commodity traders are available in the software. For smallscale farmers, data recording and agronomy information regarding agri inputs along with suppliers and crop wise best practices along with visualization pictures are available. For large scale farmers, data recording and scouting data upload module is available on AgriBuddy platform.
Key facts about AgriBuddy
- Founded Year: 2015
- Location: Hong Kong (China)
- Stage: Series A
- Total Funding till date: $2.8M
- Employee Count: 9 as on Aug 31, 2026
- Investors: Mistletoe, Smart Axiata Digital Innovation Fund and 7 Others
- Latest Funding Round: Series A, Oct 06, 2018, $*****
- Highlight: Editors' Pick
5. Goama
Online gaming platform for mobile games. It offers subscription-based mobile games where players compete on casual games. It also offers engagement. monetization and acquisition services.
Key facts about Goama
- Founded Year: 2017
- Location: Dubai (United Arab Emirates)
- Stage: Seed
- Total Funding till date: $450K
- Employee Count: 34 as on Aug 31, 2026
- Investors: SOSV, Orbit Ventures and 5 Others
- Latest Funding Round: Seed, 2022, $*****
- Highlight: Editors' Pick
Smart Axiata Digital Innovation Fund's Year-on-Year Investment Trends
Its most recent first time investment was in DRVR.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 0 | 0 | 0 |
2022 | 0 | 0 | 0 |
2021 | 0 | 0 | 0 |
2020 | 1 | 0 | 1 |
2019 | 3 | 0 | 3 |
2018 | 2 | 0 | 2 |
2017 | 2 | 0 | 2 |
Smart Axiata Digital Innovation Fund's Investments by Stage
Smart Axiata Digital Innovation Fund has made 6 investments in Seed stage and 2 investments in Series A stage with an average round size of $2.8M.Stage of entry | No. of Investments |
|---|---|
Seed | 6 |
Series A | 2 |
Note: We have considered here, only first round of investments
Smart Axiata Digital Innovation Fund's Investments by Sector
Smart Axiata Digital Innovation Fund has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, Food and Agriculture Tech, Transportation and Logistics Tech and Energy Tech. Notably, it has invested in 9 Tech companies, 6 Enterprise (B2B) companies, 5 Software companies and at least 4 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 4 |
Consumer | 3 |
Food and Agriculture Tech | 2 |
Transportation and Logistics Tech | 2 |
Energy Tech | 1 |
Others | 9 |
Note: We have considered here, only first round of investments
Smart Axiata Digital Innovation Fund's Investments by Geography
Smart Axiata Digital Innovation Fund has made most investments in Cambodia (4), followed by Australia where it has made 1 investment.Country | No. of Investments |
|---|---|
Cambodia | 4 |
Australia | 1 |
China | 1 |
Thailand | 1 |
United Arab Emirates | 1 |
Note: We have considered here, only first round of investments
Smart Axiata Digital Innovation Fund's recent investments
Smart Axiata Digital Innovation Fund has not made any investment in 2026 so far.Here are the most recent investments by Smart Axiata Digital Innovation Fund:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Dec 21, 2020 | Thailand | Seed | 9692 | - | |
Apr 2019 | United Arab Emirates | Seed | 1070 | - | |
Mar 12, 2019 | Australia | Seed | 6934 | ||
Mar 12, 2019 | Cambodia | Series A | 3785 | - | |
Oct 06, 2018 | China | Series A | 7572 | [+5] |
IPOs and Publicly Listed companies in Smart Axiata Digital Innovation Fund's Portfolio
1 of Smart Axiata Digital Innovation Fund's portfolio company became public - Morakot Technology.Here are Smart Axiata Digital Innovation Fund's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
- | Nov 14, 2017 | Seed | 2093 |
Acquired companies in Smart Axiata Digital Innovation Fund's Portfolio
1 company from Smart Axiata Digital Innovation Fund's portfolio has been acquired. The most recent acquisition was DRVR in Nov 2024 by Sentiance for $*****.Here are Smart Axiata Digital Innovation Fund's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 04, 2024 | Dec 21, 2020 | Seed | 6401 |
Co-investors of Smart Axiata Digital Innovation Fund
Over the past 9 years, 22 investors have co-invested in Smart Axiata Digital Innovation Fund's portfolio companies. This includes funds and angels.
- Invested before Smart Axiata Digital Innovation Fund: K-Startup Grand Challenge has invested before Smart Axiata Digital Innovation Fund.
- Top Co-investors of Smart Axiata Digital Innovation Fund: 7 investors entered a company along with Smart Axiata Digital Innovation Fund. These include investors like Schneider Electric (1 company).
- Invested after Smart Axiata Digital Innovation Fund: A total of 14 investors have invested in Smart Axiata Digital Innovation Fund's portfolio after their investments. Top Investors include European Development Finance Institutions (1 company), At One Ventures (1 company) and FMO (1 company).
Recent News related to Smart Axiata Digital Innovation Fund
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Smart Axiata Digital Innovation Fund invests in Sala, GoGamesTelecompaper•May 03, 2019•Go Game, Smart Axiata Digital Innovation Fund
•
Cambodia-focused Smart Axiata fund invests in Okra Solar, SousdeyDeal Street Asia•Mar 12, 2019•Okra Solar, Sousdey, Smart Axiata Digital Innovation Fund
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Smart Axiata invests in online food ordering platform Nham24Telecompaper•Aug 12, 2018•Smart Axiata, Nham24, Smart Axiata Digital Innovation Fund
