Leopard Capital LP is a private equity and venture capital firm founded in 2007 and based in the Cayman Islands, with representative offices in Phnom Penh, Cambodia, and Petion-Ville, Haiti. The firm specializes in early-stage venture, expansion, and pre-IPO investments, focusing on pre-emerging economies and overlooked frontiers. Its investment strategy targets sectors such as financial services, affordable housing, renewable energy, agribusiness, and food and beverage. In addition to managing multiple private equity funds, including the Leopard Cambodia Fund and Leopard Haiti Fund, Leopard Capital offers advisory services to startups that utilize innovative business models and disruptive technologies to tackle global challenges. The firm is dedicated to fostering economic growth in regions that are often overlooked by traditional investment approaches.
Veerhouse Voda is a construction company headquartered in New York, specializing in the design and construction of low-cost, environmentally sustainable housing and building systems. Founded in 2011, the company focuses on providing disaster-resistant structures using engineered steel framing, expanded polystyrene, and specialized mortars. This innovative approach allows for shorter build times compared to traditional construction methods, making it an attractive option for clients seeking budget-friendly commercial and residential buildings. Veerhouse Voda aims to address housing challenges in Haiti and other countries, offering solutions that consume less energy and use fewer materials while maintaining high-quality standards.
Nu-TV
Venture Round in 2014
NUtv provides Pay TV services (116 channels) in Haiti using wireless digital terrestrial television
dloHaiti
Series A in 2013
dloHaiti, Inc. is a for-profit venture dedicated to providing safe drinking water to underserved communities in Haiti. Based in Port-au-Prince, the company utilizes a decentralized water treatment and distribution system. This approach involves a network of wells that are serviced by solar-powered kiosks equipped with advanced purification systems, allowing for on-site water purification. By leveraging this innovative model, dloHaiti makes clean and safe drinking water accessible and affordable for poor rural communities, contrasting with traditional methods that rely on central treatment and truck delivery to low-income neighborhoods.
Engage Resources
Private Equity Round in 2013
The Engage Natural Resources Group was formed in 2008 to meet the world’s growing need for industrial and household products made from natural fibres in ways that enhance local communities and the environment. Engage processes and sells value-added products under its “Engage Eco Products” brand that are made from natural Kenaf fibres, core and leaf. We combine modern logistics and processing technologies with environment-enhancing farming practices. Our plant fibre products are safe, dust and pesticide-free. They can be used for pet and animal care, and as animal feeds in your home, garden or farm. Our carbon-absorbing fibres are used by international and domestic clients as industrial absorbents in pollution control, in automotive parts, eco-construction materials, and in sound & thermal insulation. Our researchers are constantly developing new applications.
Phnom Penh Water Supply Authority
Private Equity Round in 2012
Phnom Penh Water Supply Authority is a key provider of water treatment and delivery services in Cambodia, primarily serving residential, commercial, and industrial customers, along with government institutions in urban and peri-urban areas of Phnom Penh and Takhmau. Established in 1960 and headquartered in Phnom Penh, the authority plays a crucial role in ensuring access to clean water for the city's inhabitants and businesses, thereby contributing to the overall public health and development of the region.
Kulara Water
Private Equity Round in 2011
Kulara Water is a Cambodian company focused on the production and distribution of bottled natural mineral water sourced from the Eaukulen spring, located at the foot of Mount Kulen in Siem Reap Province. Founded by French entrepreneur Mr. B. Forey, who has extensive experience in the mineral water industry, Kulara Water taps into a deep aquifer known for its high-quality mineralization, particularly rich in calcium and magnesium. This spring is notable for being the first of its kind in Cambodia, combining natural elements with significant historical and cultural relevance. Kulara Water aims to offer a product that not only quenches thirst but also promotes health benefits, aligning its mineral content with World Health Organization recommendations.
Tropical Beverages
Private Equity Round in 2011
Phuket Lager Beer is an Asian beer brand founded in 2002 in Thailand. The beer is brewed with premium German hops and high-quality Thai jasmine rice, which is added during the brewing process to enhance the beer's smoothness and aroma. It is the first Thai beer ever to win a gold medal in competition.
DFDL
Venture Round in 2011
DFDL is an integrated legal and tax advisory firm established in 1994, headquartered in Vientiane, Laos. The firm offers a comprehensive range of services, including legal, tax, and investment advisory in various sectors such as banking, finance, aviation, technology, and real estate. Its expertise encompasses corporate transactions, dispute resolution, compliance and investigations, employment and labor issues, as well as restructuring and insolvency. Additionally, DFDL serves clients in industries such as fintech, health tech, manufacturing, agriculture, and infrastructure, providing tailored solutions to meet their specific needs.
Electricite du Laos
Private Equity Round in 2011
Electricite du Laos (EDL) is a state-owned corporation established in 1961 and located in Vientiane, Laos. Operating under the Ministry for Energy and Mines, EDL is responsible for the generation, transmission, and distribution of electricity throughout the country. The company manages electricity imports into its grid and oversees exports from its generation stations. In addition to its operational functions, EDL plays a key role in project development, serving as the implementing agency for government hydropower projects. For independent power producer (IPP) projects, EDL acts as the government’s shareholder, assuming responsibility for projects after the execution of shareholders' agreements and the closure of project loans.
Intean Poalroath Rongroeurng
Private Equity Round in 2010
Intean Poalroath Rongroeurng Ltd. was founded in 2003 by Mr. Oknha Phou Puy and Ms. Hao Simorn to address the capital needs of rice mill entrepreneurs in Cambodia. Initially established as a credit unit under the Federation of Cambodian Rice Millers Associations, it registered with the National Bank of Cambodia in January 2005 as a rural credit operator. By July 2005, it had transitioned into a private limited liability company and received a microfinance institution license. Over time, the focus of Intean Poalroath Rongroeurng shifted from solely supporting rice mills to also providing microfinancing to small farmers engaged in various agricultural activities, such as rice, cassava, maize, and sesame production. The company’s microfinance institution license was permanently renewed in 2008, and ownership changed in 2010 when Ms. Hao Simorn transferred her shares to Mr. Oknha Phou Puy. That same year, the Leopard Cambodia Fund acquired a minority stake in the company.
Acleda Bank
Private Equity Round in 2010
ACLEDA Bank Plc. is a leading commercial bank in Cambodia, offering a wide range of banking and financial services primarily to individuals and small to medium-sized enterprises. Founded in 1993 and headquartered in Phnom Penh, the bank provides various deposit products, including savings accounts, fixed deposits, corporate deposits, and trust accounts. Its loan offerings encompass micro, small, and medium business loans, personal loans, housing loans, and student loans, as well as credit cards and trade loans. In addition to traditional banking products, ACLEDA Bank offers comprehensive cash management services, trade finance solutions, e-banking, and life insurance services. With a substantial presence in Cambodia, the bank operates through 238 offices, 152 ATMs, and 904 POS terminals, and has expanded its reach to the Lao People's Democratic Republic with 28 offices. The institution is committed to serving the financial needs of its customers while contributing to the economic development of the region.
Kingdom Breweries
Private Equity Round in 2009
Kingdom Breweries, established in 2009, aims to be Cambodia's first internationally recognized premium beer brewer. Located in a former Nestlé factory along the banks of the Tonlé Sap river in Phnom Penh, the brewery specializes in craft beer production. It features an onsite bar and lounge where visitors can sample a variety of beers and take guided tours of the facility, enhancing the overall experience of the brewery. Through its commitment to quality and local flavors, Kingdom Breweries is poised to make a significant impact in the Cambodian beverage industry.
CamGSM
Private Equity Round in 2009
CamGSM, commercially knows as Cellcard, is Cambodia’s leading and fully-integrated info-communications company, offering a full range of information, communications and entertainment services for both consumer and corporate markets. This includes a wide range of service innovations for mobile telephony from voice, messaging and international roaming services, to wireless broadband and value-added services for consumers and businesses alike. Launched in 1998, Cellcard has become Cambodia’s standard for quality, value and service and continues to be vigilant in developing new ways to support and enhance the way its customers communicate through regular network upgrades, development of innovative plans and products, and putting an emphasis on customer care.
Greenside Holdings
Private Equity Round in 2009
Greenside Holdings engages in designing and constructing rural power transmission and distribution system. The company is based in Cambodia.
Angkor Residences
Private Equity Round in 2008
Angkor Residences Ltd. is a property development company based in Cambodia that specializes in residential housing units. The company was previously known as Cambo Fund Ltd. In addition to its development activities, Angkor Residences operates La Résidence d'Angkor, a luxury boutique hotel located in Siem Reap, just ten minutes from the renowned Angkor Wat temples. This intimate hotel features 54 spacious rooms set amidst lush gardens, complete with a swimming pool and spa facilities. Its central location provides guests with convenient access to both the cultural attractions of Siem Reap and the historical sites of the Angkor Wat complex.
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