Home Gaming & Social Media Cambodia’s Mediaload raises undisclosed sum in Series A

Cambodia’s Mediaload raises undisclosed sum in Series A

Cambodian Startup

Cambodia’s Mediaload raises undisclosed sum in Series A funding
Cambodia’s Mediaload raises undisclosed sum in Series A funding

Cambodia-based digital media startup, Mediaload has raised an undisclosed amount of funding in a Series A round held in October 2020, from True Digital Group.

Proceeds from the funding round will be used by Mediaload to develop its content offering on its platform and increase its footprint into new regions.

Founded by sibling trio Vichet, Vichea and Visal In, Mediaload operates Khmerload in Cambodia and Myanmarload in Myanmar. It offers Gen Y-focused content on an extensive range of topics, spanning from entertainment to sports among many others. Khmerload has almost 5.8 million followers on Facebook, while the other site, Myanmarload, has 9 million followers. It claims to have 8 million unique users/month along with 20M social media followers.

Khmerload
Khmerload

The Mediaload

Groupin, Mediaload’s parent group runs an e-commerce startup named Little Digital in Cambodia, which in 2019 raised US$ 5M in a Series A funding round from PE firm Belt Road Capital Management. It was deemed as the largest funding round in Cambodia’s entire history, raised by a local startup at the time.

Khmerload had previously secured US$ 200K in 2017 from 500 Startups.

Dr. Michael Gryseels, Executive Vice Chairman of TDG was quoted to say, “As the region’s digital enabler, we look forward to bringing the standard we set for TrueID’s premium lifestyle content and services to the audiences in Cambodia and Myanmar.” He further added that Mediaload, with its existing markets, will be able to leverage its local know-how to improve the digital lifestyle experiences of the people while maintaining the quality standard known from True Digital Group. He expects that the collaboration will be an important breakthrough in elevating the digital potential for lifestyle content and services in Southeast Asia.

About True Digital Group

True Digital Group
True Digital Group

True Digital Group is a digital transformation enabler in Thailand and Southeast Asia. It has developed capabilities in cutting-edge technologies such as AI, big data, blockchain, cloud, Internet of Things (IoT), in addition to robotics. TDG has built an exclusive network of digital platforms and solutions, addressing the digital requirements of consumers, merchants, and businesses. It had also launched its proprietary True Digital Academy (TDA), intended to reskill and upskill existing employees to create necessary talent for the digital alteration of businesses and the broader society. Presently, TDG runs in Thailand, Indonesia, the Philippines, and Vietnam with a long-term plan to expand further across South Asia.

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