vKirirom Pte. Ltd. succeeded in fund collecting 5.3 million US dollars in total from angel round

A2A Town (Cambodia) Co., Ltd.

10/16/2017 9:00 am

vKirirom Pte Ltd. (Singapore, CEO: Takeshi Izuka), which is an Asia unifying holding company that runs vKirirom Nature City and also holds A2A town (Cambodia) Co.,Ltd that runs vKirirom Pine Resort and Kirirom Institute of Technology(KIT), has succeeded in collecting total of 5.3million US dollars through third party allocation of new shares.

< Background and purpose >
The world’s latest IT engineering training program at Kirirom Institute of Technology (KIT) is taking place in vKirirom Nature City and is being further developed as a strong point of the city itself. This is necessary so as to put a stop to the lowering global competitiveness of Japanese companies’ due to a lack of IT engineers.

With KIT at its core, this project is an urban development business that marks a fusion of the Silicon Valley model and eco-tourism and in which 10,000 hectares of land in Kirirom National Park, borrowed from the Cambodian government, is developed. This project currently consists of KIT, vKirirom Pine Resort and vKirirom Second Home, which conducts the planning, constructing and contracting of sub-lease of student dormitories. We are constantly seeking a further development in this business and an increase in the vKirirom community. For the resort, this includes the construction of a golf course, large-scale events and company training; for real estate, this includes increased sales of long-term stay and permanent lot cottages; for KIT, this includes accepting Japanese students from April 2018 onwards and accepting study tours/school trips from foreign schools and foreign institutions including those from Japan.

< Future development >
From this capital increase, vKirirom Nature City (aims to take advantage) of the world’s latest IT trends to pursue the business model of ‘Asia’s no.1 Sustainable City with An IT University at its Core’. We aim for higher growth by providing greater amounts of educational institutions/opportunities, better living environments, developing leisure facilities and working places/companies to non-Cambodian investors, starting from Japan’s. We will also be strengthening our operation structure and marketing scheme for further business expansions.

■ vKirirom Nature City
A2A town (Cambodia) Co. Ltd which is under vKiriorm Pte. Ltd., is borrowing 10,000 hectares of site inside Kirirom National Park in Cambodia and conducting ‘Kirirom Institute of Technology’ ‘vKirirom Pine Resort’ ‘vKirirom Second Home’ and vKirirom Nature City is a general name for this 3 business. We seek a solution to the accelerating aging population and educational gap through Internet and AI-based education systems, innovation in tourism using shared economy and pursuit of IoT and AI innovation in urban and industrial standards, as well as modern living.

■Company Information
Company Name:vKirirom Pte. Ltd.
Location:57 Ubi Crescent Singapore 408596
Foundation:Feb. 6th 2014

vKirirom Pte. Ltd. Tokyo Office info@asiato.asia 050-3637-6523