Satori Giants and X Venture Invest in Max Icon to Scale Quality Healthcare Access Across Cambodia
Cambodia Investment Review
Phnom Penh-based healthcare company Max Icon Plc (MI) has secured seed round funding from Satori Giants Venture Studio (SG) and X Venture Holdings (XVH). The investment will support the growth of MI’s healthcare portfolio, including diagnostic laboratories, cancer screening clinics, and the Jordan Petra Dental Clinics (JP) network, known for its adherence to international quality standards.
The capital injection aims to bolster Max Icon’s scalable service delivery model and enhance access to high-quality healthcare services throughout the country. The partnership underscores a growing interest from regional investors in Cambodia’s healthcare sector, particularly those eyeing scalable models that can meet a wide range of patient needs.
Strategic Vision for Healthcare Expansion
Riz Aslam, CEO of Satori Giants, said the investment aligns with the venture studio’s broader regional strategy to back transformative healthcare innovations.
Read More: Satori Giants and X Venture Holdings Invest in Cambodian Startup Jalat Logistics
“We see a significant opportunity to transform Cambodia’s healthcare, and MI is poised to lead,” he said. “Max Icon’s innovation aligns with our thesis; we’re investing in a vision to elevate healthcare. This partnership is a strategic leap towards an advanced ecosystem. Their proven excellence positions them for rapid expansion and world-class solutions across Cambodia.”
Riz added that Max Icon has already demonstrated high standards in care, and Satori’s investment is intended to scale that level of execution to reach more communities.
The deal also included participation from X Venture Holdings (XVH), a regional investment firm with a growing focus on healthcare-related opportunities.
Backing a Scalable, ISO-Recognized Model
Henry (Khant Zaw) Maw, Chairman of XVH, said the group has been actively seeking opportunities in the healthcare space and saw Max Icon as a strategic fit.
“Max Icon offers us a unique position to utilize our invested capital to help them realize the full potential of its ISO recognition and international quality service provision in Cambodia’s healthcare sector,” Henry said.
He highlighted the role of the JP clinic chain, led by a reputable local dentist, as a blueprint for scalable expansion across Phnom Penh and potentially into provincial areas.
“The model is replicable and adaptable to multiple patient segments,” Henry added.
Supporting a Local Healthcare Vision
Loren Kumalasari, CEO of Max Icon, said the partnership would provide the company with the resources needed to accelerate its mission of expanding healthcare access in Cambodia.
“We see this as a powerful catalyst for our expansion,” she said. “We are particularly excited to leverage their extensive network and market insights to broaden our reach and establish new partnerships.”
Kumalasari added that the capital would support expansion of facilities and services while maintaining a focus on international-standard care delivery.
“Their strategic vision will help us establish Max Icon as a leader in the Cambodian healthcare sector,” Loren said.
Growing Regional Footprint
This investment marks Satori Giants’ sixth in Southeast Asia, as the venture studio continues to build a portfolio of startups focused on delivering scalable, high-impact solutions. The firm positions itself as a partner offering both capital and strategic expertise, aiming to support startups with strong local execution and regional growth potential.
With this new partnership, Max Icon is expected to strengthen its position in Cambodia’s evolving healthcare market and contribute to the country’s broader health infrastructure development.
For more information, visit:
