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Top 50 VC Funds & Investors in Myanmar (November 2026)

The most active venture capital funds investing in Myanmar startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Myanmar startup companies. Find investors to raise a Seed, Series A or Venture - Series Unknown round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Seed Myanmar
VC Fund
6 Myanmar Seed, Venture - Series Unknown Apps, Delivery, Software $100k–$200k
Blibros AB
VC Fund
3 Sweden, Myanmar, United States Venture - Series Unknown, Seed, Series A Retail, Consulting, Apps
BOD TECH CO.
VC Fund
2 Myanmar, Germany Seed, Venture - Series Unknown Apps, Events, Internet
Nest Tech
VC Fund
2 Myanmar, Singapore, Vietnam Seed, Venture - Series Unknown Education, Retail, Soccer
Orbit Ventures
VC Fund
2 China, United States, India Seed, Pre-Seed, Convertible Note E-Commerce, Software, Artificial Intelligence $30k–$20M
Indelible Ventures
VC Fund
2 Malaysia, Singapore, Philippines Pre-Seed, Seed, Angel SaaS, Software, Artificial Intelligence $53k–$1.2M
Cocoon Capital
VC Fund
2 Singapore, Vietnam, Philippines Seed, Series A, Pre-Seed Software, Internet, Financial Services $500k–$11M
Yoma Bank
VC Fund
2 Myanmar Debt Financing Finance, Agriculture, Coffee $6k–$2.6M
Daiwa PI Partners
VC Fund
2 Myanmar, Japan, Vietnam Venture - Series Unknown, Series C, Seed E-Commerce, FinTech, Finance $2M–$61M
Meal Temple Group
VC Fund
1 Bhutan, Myanmar Seed E-Commerce, Retail, Delivery
Asia Impact Investment Fund
VC Fund
1 China, Myanmar Series C, Venture - Series Unknown Finance, Education, E-Learning
Insitor Partners
VC Fund
1 India, Cambodia, Pakistan Seed, Series A, Venture - Series Unknown Financial Services, FinTech, Finance $500k–$6M
Golden Equator Ventures
VC Fund
1 Singapore, Taiwan, Indonesia Series A, Series B, Seed Software, Apps, FinTech $800k–$27M
agRIF
VC Fund
1 Myanmar Series A Rental, FinTech, Finance
X Venture Holdings
VC Fund
1 Cambodia, Myanmar Seed, Pre-Seed Medical, Education, Logistics
Incofin Investment Management
VC Fund
1 India, Kenya, Rwanda Series A, Series B, Debt Financing Financial Services, Finance, Banking $3M–$46M
Yangon Capital Partners
VC Fund
1 Myanmar Venture - Series Unknown, Seed Retail, Consumer, Logistics
Scala
VC Fund
1 Japan, Indonesia, Myanmar Seed, Venture - Series Unknown, Corporate Round Information Technology, AgTech, Farming $600k–$978k
SPARX Group
VC Fund
1 Japan, United States, United Kingdom Venture - Series Unknown, Series B, Series A Software, Artificial Intelligence, Information Technology $2.5M–$142M
MACAN
VC Fund
1 Myanmar, United Kingdom Pre-Seed, Venture - Series Unknown Energy, Nuclear, Hospitality $118M–$315M
Vulpes Innovative Myanmar Investment Company
VC Fund
1 Myanmar Seed Internet, Consulting, Information Services
Belgian Investment Company for Developing Countries
VC Fund
1 India, Kenya, Senegal Debt Financing, Venture - Series Unknown, Non-Equity Assistance Financial Services, Finance, Banking $16k–$18M
UMG IdeaLab
VC Fund
1 Indonesia, Myanmar Seed, Venture - Series Unknown Information Technology, Artificial Intelligence, Software
Nexus for Development
VC Fund
1 Myanmar, Bangladesh Debt Financing B2B, AgTech, FinTech $400k–$500k
Anthem Asia
VC Fund
1 Myanmar, Singapore Series A, Private Equity Solar, AgTech, Energy
AGD Bank
VC Fund
1 Myanmar Debt Financing Financial Services, Banking, Finance $920k–$6M
Finnfund
VC Fund
1 Kenya, India, Nigeria Debt Financing, Venture - Series Unknown, Series B Financial Services, Energy, FinTech $2.1M–$137M
OPIC - Overseas Private Investment Corporation
VC Fund
1 India, United States, Kenya Debt Financing, Post-IPO Debt, Grant Financial Services, Solar, Energy $4.1M–$500M
NextTech Group of Technopreneurs
VC Fund
1 Vietnam, Japan, Myanmar Seed, Series B, Venture - Series Unknown E-Commerce, Software, Logistics $321k–$6.4M
PHYZ
VC Fund
1 Myanmar Seed Cloud Computing, Financial Services, Management Consulting
UMJ
VC Fund
1 Japan, Myanmar Seed, Venture - Series Unknown SNS, Baby, Software
Yoma Strategic Holdings
VC Fund
1 Myanmar Venture - Series Unknown, Corporate Round Energy, FinTech, Power Grid
Impact Fund Denmark
VC Fund
1 India, Kenya, France Venture - Series Unknown, Private Equity Energy, Financial Services, Renewable Energy $1.8M–$250M
Satori Giants
VC Fund
1 Singapore, Myanmar, Cambodia Pre-Seed, Seed Gaming, eSports, Consumer
VIMIC Limited
VC Fund
1 Myanmar Seed Information Technology
BOD Tech Ventures
VC Fund
1 Myanmar, Singapore Seed, Series A EdTech, Travel, Internet
Danish Investment Fund for Developing Countries
VC Fund
1 France, Zambia, Myanmar Venture - Series Unknown, Private Equity Energy, Renewable Energy, Water $5M–$16M
BOPA
VC Fund
1 India, Myanmar Venture - Series Unknown, Pre-Seed Finance, Financial Services, Credit $2.5M–$5M
Symbiotics Group
VC Fund
1 India, Ghana, United States Debt Financing, Post-IPO Debt, Seed Financial Services, FinTech, Finance $2.3M–$165M
NP Consulting
VC Fund
1 Myanmar, Indonesia, Singapore Seed, Series A Logistics, FinTech, Finance $1M–$2.1M
KFW DEG
VC Fund
1 India, Kenya, Brazil Debt Financing, Grant, Post-IPO Debt Financial Services, Energy, FinTech $100k–$820M
Proparco
VC Fund
1 Kenya, India, Nigeria Debt Financing, Private Equity, Venture - Series Unknown Financial Services, Energy, Finance $400k–$206M
Nexlabs
VC Fund
1 Myanmar Convertible Note Apps, Software, Mobile Apps
Theta Capital
VC Fund
1 United States, Germany, Myanmar Seed, Series A Blockchain, Cryptocurrency, Financial Services $3.5M–$50M
Blue Tech Venture
VC Fund
1 Myanmar Seed Education, Information Technology
Asian Alliance Investment
VC Fund
1 China, Myanmar, Philippines Seed, Private Equity Information Technology, Travel, Internet
A2D Ventures
VC Fund
1 Thailand, Singapore, United States Seed, Pre-Seed, Series A Wellness, Manufacturing, Information Technology $300k–$3.9M
Norfund
VC Fund
1 Kenya, South Africa, Nigeria Venture - Series Unknown, Private Equity, Debt Financing Financial Services, Energy, Renewable Energy $2.2M–$156M
Miraidoa
VC Fund
1 Japan, United States, Myanmar Venture - Series Unknown, Seed, Series A Manufacturing, Health Care, Information Technology $96k–$11M
Nordic Microfinance Initiative
VC Fund
1 India, Uganda, Myanmar Venture - Series Unknown, Series B, Series C Financial Services, Finance, Banking $3.6M–$24M
Access all 95 VC funds in Myanmar startups.

Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

Seed Myanmar
VC Fund · Singapore, Central Region, Singapore · 6 investments in Myanmar startups

Seed Myanmar was launched in 2016 from Vulpes Investment Manager Pte Ltd, a leading alternative investment manager in Singapore. Vulpes has been making emerging market and venture capital investments from Singapore since 2011 and looks for opportunities to invest in markets on the verge of development. Myanmar in 2016 was one such market.

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Investment focus

  • Industry: Apps, Delivery, Software
  • Stage:Seed, Venture - Series Unknown
  • Geography: Myanmar

Investor stats

  • Total investments: 9
  • Round size: Seed $100k–$200k
  • Lead/follow: 78% lead, 22% follow

Portfolio highlights

  • Flexible Pass — Flexible Pass is the No.1 Health and Fitness App in Myanmar that gives users access to over 70 gyms,fitness centers and hotels offering a wide variety of fitness activities. The vision of Flexible Pass is to help people in Myanmar live a healthier lifestyle by providing them with flexible and affordable fitness options.
  • MM Digital Solutions — MM Digital Solutions is an IT services provider.
  • Better Technologies PTE — Cloud-based HR management software allowing CEOs and HR managers to streamline payroll, attendance, leave, and OT for better employee management for Myanmar, Sri Lanka, and Vietnam
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Blibros AB
VC Fund · Stockholm, Stockholms Lan, Sweden · 3 investments in Myanmar startups

Blibros AB is an investment company.

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Investment focus

  • Industry: Retail, Consulting, Apps
  • Stage:Venture - Series Unknown, Seed, Series A
  • Geography: Sweden, Myanmar, United States

Investor stats

  • Total investments: 10
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • Nexlabs — We provide advertising, creative, data, and technology solutions for leading businesses.
  • Storyfire — Storyfire is a creator, developer, producer and publisher of film and TV.
  • Better Technologies PTE — Cloud-based HR management software allowing CEOs and HR managers to streamline payroll, attendance, leave, and OT for better employee management for Myanmar, Sri Lanka, and Vietnam
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BOD TECH CO.
VC Fund · Yangon, Yangon, Myanmar · 2 investments in Myanmar startups

BTV - South East Asia Investments

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Investment focus

  • Industry: Apps, Events, Internet
  • Stage:Seed, Venture - Series Unknown
  • Geography: Myanmar, Germany

Investor stats

  • Total investments: 3
  • Lead/follow: 67% lead, 33% follow

Portfolio highlights

  • DedaaBox — DedaaBox is a platform for Institutes to sell their courses online. It has its own production studio for content making. It is the first mobile learning app.
  • STAR TICKET — Star Ticket, an online bus ticket booking platform.It allows users to book bus tickets online or make the payments offline at the nearest convenient store.
  • SciFlow — SciFlow is a comprehensive publishing platform that allows researchers to focus on what is important – their research. We offer an intuitive text editor that helps to focus on writing – not formatting – the document. All co-authors can write, comment and review the same version of the article. With our premium services, we allow researchers tocheck for plagiarism and spelling errors and to translate their text. With one click, the article is exported to a publisher compliant format. Unlike existing text editors, researchers can perform all tasks related to publishing scientific texts with SciFlow on a single platform. Thus, SciFlow saves time and gives the confidence to submit an article to a publisher.
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Nest Tech
VC Fund · Ho Chi Minh City, NA - Vietnam, Vietnam · 2 investments in Myanmar startups

Nest Tech is a venture capital firm that invests in and nurtures technology entrepreneurs at the seed and early growth stages. They build trust and mentor start-ups to evolve their strategy and vision and help them to expand and compete at the regional and global levels.

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Investment focus

  • Industry: Education, Retail, Soccer
  • Stage:Seed, Venture - Series Unknown
  • Geography: Myanmar, Singapore, Vietnam

Investor stats

  • Total investments: 14
  • Lead/follow: 64% lead, 36% follow

Portfolio highlights

  • Kalpha — Kalpha is a peer to peer mobile platform where individuals can connect and meetup to learn and share any skills, knowledge and experiences on a 1-to-1 basis.
  • Joosk Studio — Joosk is the leading animation and illustration company in Myanmar. Their sticker packs have been downloaded millions of times, and their weekly animation series have regular audiences in the thousands. With a roster of international clients including Facebook, UN agencies and leading corporates, as well as a talented team of young designers, Jooskis defining the new wave of digital entertainment in Myanmar.
  • Yangon Broom — Yangon Broom provide day-to-day office cleaning services for companies to take care of janitorial & general cleaning needs. Yangon Broom have fullday & partime cleaning on both weekdays and weekends. Our office cleaners are well-trained & proactive service providers.
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Orbit Ventures
VC Fund · Singapore, Central Region, Singapore · 2 investments in Myanmar startups, 32 in the past 12 months

Orbit helps scale breakthrough startups from around the globe across emerging and frontier markets.

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Investment focus

  • Industry: E-Commerce, Software, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Convertible Note
  • Geography: China, United States, India

Investor stats

  • Total investments: 577
  • Round size: Seed $100k–$2M; Pre-Seed $100k–$1M; Convertible Note $30k–$20M
  • Lead/follow: 73% lead, 27% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • i4TECH — Modular, scalable, fully managed manufacturing digital solutions that enable your AI adoption. Moving Industry 4.0 forwards with a unified, comprehensive data driven approach
  • Qanary — Qanary is a digital second-opinion platform designed to help radiologists detect cancer at its earliest, most treatable stages.
  • openmed — OpenMed provides digital healthcare services, telemedicine, pharmacy products, diagnostics, and medication delivery.
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Indelible Ventures
VC Fund · Kuala Lumpur, Kuala Lumpur, Malaysia · 2 investments in Myanmar startups

Seed stage venture capital fund focused on Southeast Asia. We partner with exceptional founders to build transformative companies across the region.

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Investment focus

  • Industry: SaaS, Software, Artificial Intelligence
  • Stage:Pre-Seed, Seed, Angel
  • Geography: Malaysia, Singapore, Philippines

Investor stats

  • Total investments: 35
  • Round size: Seed $53k–$1.2M; Pre-Seed $60k–$70k
  • Lead/follow: 11% lead, 89% follow
  • Last fund: Likely still investing — raised $439k in 2024

Portfolio highlights

  • BetterClinic — BetterClinic is an AI-powered medical scribe platform that helps Filipino physicians automate clinical documentation. The platform transcribes patient consultations in multiple languages including Tagalog and local dialects, then automatically generates SOAP notes, medical certificates, prescriptions, and PhilHealth-compliant forms with ICD-10 andRVS coding—saving doctors 2 hours daily at a fraction of international competitor costs.
  • Quotable AI — Shoppable Philippines B2B Marketplace
  • Shoppable Business - Next Gen B2B Marketplace — Procure laptops, IT equipment, office, logistics, packaging, and shipping supplies in the Philippines with quotes, invoices, 30-day terms, & nationwide support.
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Cocoon Capital
VC Fund · Singapore, Central Region, Singapore · 2 investments in Myanmar startups

Cocoon Capital is a Singapore-based venture capital firm focusing on early-stage Deeptech and Enterprise tech companies across Southeast Asia

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Investment focus

  • Industry: Software, Internet, Financial Services
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Singapore, Vietnam, Philippines

Investor stats

  • Total investments: 51
  • Round size: Seed $500k–$2.8M; Pre-Seed $1M–$1.3M; Series A $4M–$11M
  • Lead/follow: 67% lead, 33% follow
  • Last fund: Likely actively investing — fresh fund, raised $30M in 2025

Portfolio highlights

  • Bioactivx — A biomaterial platform technology company pioneering synthetic, regenerative materials for both soft and hard tissue repair.
  • Uangcermat — UangCermat seeks to close the gap between South East Asia's underbanked and unbanked populations and their access to sustainable financial services and products.
  • Karzo — Karzo is the fist B2B logistics platform in Myanmar for connecting trucking suppliers with businesses for reliable distribution.
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Yoma Bank
VC Fund · Yangon, Yangon, Myanmar · 2 investments in Myanmar startups

Yoma Bank is a progressive domestic bank that provides banking services in Myanmar. Over the past few years, Yoma Bank has made significant investments in strategic priorities - people, technology and corporate governance. Yoma Bank is Myanmar's fourth largest bank by assets with 3000+ employees and 65 branches across the country. Yoma Bankwas the International Finance Corporation's (IFC) first direct investment in Myanmar in 2014 and it benefitted from a comprehensive 3-year advisory package to upgrade credit risk management, finance, treasury, product development and to procure a new core banking system (Misys Fusion Banking Essence). Yoma Bank also receives ongoing technical assistance from GIZ, the German development agency, to improve and expand our SME lending. In 2015, Yoma Bank formed a strategic partnership with Telenor (Myanmar's largest foreign Telco) to develop nationwide digital financial services through the formation of Wave Money, a mobile financial services company. Yoma Bank has benefitted from a significant grant from LIFT, a multi-donor, UNDP administered trust fund, to expand agribusiness finance to Myanmar's underserved agricultural community - a key segment in Myanmar’s development. Technical assistance for this program is provided by Rabo Bank, a Dutch agricultural bank.

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Investment focus

  • Industry: Finance, Agriculture, Coffee
  • Stage:Debt Financing
  • Geography: Myanmar

Investor stats

  • Total investments: 3
  • Round size: Debt Financing $6k–$2.6M
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Mandalay Coffee Group — Your source for high-quality Myanmar coffees
  • Maha Agriculture Microfinance — Maha Agriculture Microfinance provides financial services. They offer services for farmers, vendors, micro, small, and medium enterprises, and livestock.
  • Myanmar Finance International Limited — Myanmar Finance International Ltd. (MFIL) was successfully established in 1st September 2014 founded by Myanmar Finance Company Limited - the locally owned company, and Myanmar Investments Limited - the Singapore based company
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Daiwa PI Partners
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Myanmar startups

Daiwa PI Partners is a private equity firm focused on non-performing loan investments and energy investments.

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Investment focus

  • Industry: E-Commerce, FinTech, Finance
  • Stage:Venture - Series Unknown, Series C, Seed
  • Geography: Myanmar, Japan, Vietnam

Investor stats

  • Total investments: 15
  • Round size: Series C $50M–$61M; Venture - Series Unknown $2M–$45M
  • Lead/follow: 40% lead, 60% follow

Portfolio highlights

  • WHILL — WHILL designs and creates personal mobility products for indoor and outdoor applications. WHILL is making transportation enjoyable and smart for everybody. It aims to change the perception of mobility devices such as wheelchairs and scooters through advanced technology and smart design.
  • Carsome — Carsome is an online used car platform that provides efficient car selling services to individuals and entities. Through its online bidding portal, customers are able to sell their vehicles directly to dealers. Carsome facilitates the entire car selling process from inspection to valuation, bidding, and payment as well as logistics needs, allowingthe customers to sell their cars.It was founded in 2015 and headquartered in Malaysia, the company has expanded to Indonesia, Thailand, and Singapore.
  • Quantifeed — Quantifeed is Asia's leading digital wealth management platform for financial institutions.
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Meal Temple Group
VC Fund · Phnom Penh, Phnum Penh, Cambodia · 1 investments in Myanmar startups

Kiwigo, by Kiwipay, are an app and a token currency based on real value and real economy. We developed a super app for financial services (wallet) ride hailing, last mile logistics and on-demand delivery in Asian and African frontier markets.

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Investment focus

  • Industry: E-Commerce, Retail, Delivery
  • Stage:Seed
  • Geography: Bhutan, Myanmar

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Drukfood — Online food delivery in Bhutan
  • FreshGora — Food and Grocery delivery in Yangon, Myanmar.
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Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

Browse database — It's Free!
Asia Impact Investment Fund
VC Fund · 1 investments in Myanmar startups

Asia Impact Investment Fund

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Investment focus

  • Industry: Finance, Education, E-Learning
  • Stage:Series C, Venture - Series Unknown
  • Geography: China, Myanmar

Investor stats

  • Total investments: 2
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Tiantianxuenong — Tiantianxuenong develops and owns an agricultural technology knowledge learning platform in China.
  • Alliance for Microfinance in Myanmar — Microfinance in Myanmar
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Insitor Partners
VC Fund · Luxembourg, Luxembourg, Luxembourg · 1 investments in Myanmar startups

Insitor Partners pioneered impact investing as the first impact fund manager to set up operations in Southeast Asia, and a pioneer investor in India and Pakistan. We back entrepreneurs building life-changing solutions for low-income consumers.

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Investment focus

  • Industry: Financial Services, FinTech, Finance
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: India, Cambodia, Pakistan

Investor stats

  • Total investments: 35
  • Round size: Seed $834k–$2.5M; Series A $2M–$6M; Venture - Series Unknown $500k–$5M
  • Lead/follow: 57% lead, 43% follow
  • Last fund: Likely still investing — raised $42M in 2022

Portfolio highlights

  • HROne — HROne helps companies to automate the employee lifecycle. Awarded best cloud-based software in India & trusted by 4+ lacs users across 18+ industries.
  • Boost Capital — Boost Capital is a fintech company that offers online microfinance services at lower rates. It uses innovative technology to pre-qualify customers within minutes of applying for a loan based on ability and probability to repay. Boost Capital enables both collateralized and uncollateralized loans, with loan size across the small business spectrum(from $100 to $10,000). Its platform automates the loan application for MFI partners and allows customers to hear back on their loan applications 100x faster than through traditional paper-based loan applications.The company was founded in 2018 and is headquartered in Singapore.
  • Butterfly Learnings — Butterfly Learnings is a Leading ABA Therapy, Speech Therapy, and Occupational Therapy Center for parents with special needs children having autism, ADHD, speech delays, down syndrome, learning disabilities & much more.
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Golden Equator Ventures
VC Fund · Singapore, Central Region, Singapore · 1 investments in Myanmar startups

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Investment focus

  • Industry: Software, Apps, FinTech
  • Stage:Series A, Series B, Seed
  • Geography: Singapore, Taiwan, Indonesia

Investor stats

  • Total investments: 18
  • Round size: Seed $800k–$4.1M; Series A $2M–$6.3M; Series B $4.4M–$27M
  • Lead/follow: 33% lead, 67% follow
  • Last fund: May invest from a new fund soon — raised $88M in 2018

Portfolio highlights

  • Jenfi — Jenfi provides founder-friendly revenue-based financing and payment solutions to rapidly grow startups and digital businesses in Southeast Asia.
  • Baskit — baskit | Empowering wholesalers and distributors with the world's first cloud-native all-in-one app
  • Pop Meals — Expect exciting, locally trending meals at an affordable price! Now with dine-in, pickup and delivery.
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agRIF
VC Fund · Antwerp, Antwerpen, Belgium · 1 investments in Myanmar startups

agRIF is an impact-focused fund managed by global impact asset manager Incofin Investment Management.

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Investment focus

  • Industry: Rental, FinTech, Finance
  • Stage:Series A
  • Geography: Myanmar

Investor stats

  • Total investments: 1
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Rent 2 Own(Myanmar) — Rent2Own is the first company in Myanmar offering a flexible rental service to help prospective buyers acquire asset . Providing tailored options to those in need of asset, but lacking the means to buy in one go. Their main focus is helping entrepreneurs, often farmers, to buy the asset they need to generate income and grow their business.Life isdynamic and ever changing and they help their clients adapt to new circumstances with their flexible contracts that include maintenance and insurance. The contracts can be adjusted anytime and early-terminated without penalty. Thinking about swapping your old motorcycle for a new one? Rent2Own offers the possibility to upgrade. In addition, the option to purchase the bike is available for the whole duration of the contract. After all payments are completed, the ownership of the bike is transferred to the client. They take pride in improving rural mobility. The impact of the availability of transportation can be hardly overstated. A motorcycle helps kids go to school and receive an education. It makes it possible for farmers to sell their products at more distant markets, where they might fetch a higher price. And for those who have found a job further away, a motorcycle allows them to commute.
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X Venture Holdings
VC Fund · Hong Kong, Hong Kong Island, Hong Kong · 1 investments in Myanmar startups

X Venture Holdings ("XVH") is a Hong Kong based investment fund that focuses on funding and creating value for startups and early stage growth companies in Southeast Asia. XVH believes in a sector agnostic approach to investing and managing its portfolio companies around the region. Along with its partners and co-investors, XVH focuses ondeveloping mutually beneficial partnerships with innovative and status quo challenging founders who are looking to change the world for the better. XVH's focus sectors primarily include but not limited to tech, healthcare, and consumer services.

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Investment focus

  • Industry: Medical, Education, Logistics
  • Stage:Seed, Pre-Seed
  • Geography: Cambodia, Myanmar

Investor stats

  • Total investments: 6
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • Max Icon PLC — Healthcare Holding Company
  • Jalat Logistics — Effortless, fast, and reliable delivery solutions designed to keep your business moving smoothly. With real-time tracking, same-day delivery, and seamless integration, Jalat Logistics makes shipping easier and more efficient than ever.
  • XVH Learning Hub — XVH Learning Hub is a learning platform that curates and offers training programs for startup and SME business owners (in Myanmar and beyond) with the aim to equip the program participants with real-world skill sets to help navigate through the entire entrepreneurial journey, from venture ideation to fundraising and cross border expansion. Theoffered programs will aim to provide training and insights into building up, scaling, and expanding the businesses into regional and ultimately international ventures.
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Incofin Investment Management
VC Fund · Antwerp, Antwerpen, Belgium · 1 investments in Myanmar startups

Incofin Investment Management (Incofin IM) manages funds that invest in microfinance institutions (MFIs) in developing countries. MFIs provide financial services, such as credits, savings and insurances, to people who cannot have recourse to regular banks. As a specialist in rural microfinancing, Incofin IM’s main goal is to reach out to people who live in more secluded rural areas and/or who are active in the agricultural sector.

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Investment focus

  • Industry: Financial Services, Finance, Banking
  • Stage:Series A, Series B, Debt Financing
  • Geography: India, Kenya, Rwanda

Investor stats

  • Total investments: 39
  • Round size: Series A $4M–$8.1M; Series B $3.5M–$46M; Debt Financing $3M–$10M
  • Lead/follow: 46% lead, 54% follow
  • Last fund: Likely actively investing — fresh fund, raised $68M in 2025

Portfolio highlights

  • SuperZop — SuperZop is an Agri-commerce platform for Kirana stores that is transforming the unorganized retail sector with the use of disruptive technologies and process innovations. The platform also specializes in distribution, retail, technology, supply chain, B2B. It also has the goods delivered at his shop in quick time and easy to use vernacularinterface the retailer can order all his grocery demands with a click of a button.SuperZop was founded in 2016 and is headquartered in Ahmedabad, Gujarat, India.
  • Ace International — ACE International manufactures and distributes dairy powders, milk proteins, and other food grade components.
  • Ficohsa — Ficohsa is a bank that provides financial products and services. They specialize in personal banking, corporate banking, entrepreneurial banking, mortgage banking, credit cards, and more.
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Yangon Capital Partners
VC Fund · 1 investments in Myanmar startups

Yangon Capital Partners (YCP)

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Investment focus

  • Industry: Retail, Consumer, Logistics
  • Stage:Venture - Series Unknown, Seed
  • Geography: Myanmar

Investor stats

  • Total investments: 4
  • Lead/follow: 75% lead, 25% follow

Portfolio highlights

  • KoneSi — KoneSi is an innovative load-pooling logistics solution provider for small and medium enterprises in the retail sector. The main problems in the logistics are fragmented orders, the immediacy of orders, and poor traffic conditions cause by inefficiencies in Myanmar SMEs. By helping with consolidation and optimization processes, businesses canachieve cost savings and improved workflow on this front. With the service of ️Konesi, the clients save more than 60% of their logistics costs, increase their retail reach, and focus on other productive tasks by taking full responsibilities of their retail distribution.
  • Yangon Broom — Yangon Broom provide day-to-day office cleaning services for companies to take care of janitorial & general cleaning needs. Yangon Broom have fullday & partime cleaning on both weekdays and weekends. Our office cleaners are well-trained & proactive service providers.
  • Flexible Pass — Flexible Pass is the No.1 Health and Fitness App in Myanmar that gives users access to over 70 gyms,fitness centers and hotels offering a wide variety of fitness activities. The vision of Flexible Pass is to help people in Myanmar live a healthier lifestyle by providing them with flexible and affordable fitness options.
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Scala
VC Fund · Tokyo, Tokyo, Japan · 1 investments in Myanmar startups

Scala offers network solution services for search engine of website and Electric commerce site.

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Investment focus

  • Industry: Information Technology, AgTech, Farming
  • Stage:Seed, Venture - Series Unknown, Corporate Round
  • Geography: Japan, Indonesia, Myanmar

Investor stats

  • Total investments: 5
  • Round size: Seed $600k–$978k
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • Elevarm — Elevarm provides comprehensive solutions and services that elevate farmers. We are building an ecosystem powered by data and AI-enabled technologies to revolutionize production efficiency in the agriculture industry , ensuring quality, quantity, and consistent supply for business customers.
  • XID — XID is a GovTech company that offers digital ID application, secure and convenient login, digital signature, and identity verification.
  • Binar — partner transformasi digital end-to-end untuk corporate training AI, IT outsourcing, dan IT consulting guna tingkatkan profit & produktivitas bisnis.
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SPARX Group
VC Fund · Tokyo, Tokyo, Japan · 1 investments in Myanmar startups

SPARX Group Co., Ltd. is an independent Asia-based equity and credit asset management services and Asian fund financial specialist with offices in Tokyo, Hong Kong and Seoul for global institutional and individual investors, including financial advisors and financial planners, with alternative strategies (including activist, short-enabled, private equity and quantitative and fund-of-funds) and mutual funds (through SPARX Asia Funds such as SPARX Asia Pacific Opportunities Fund, SPARX Asia Pacific Equity Income Fund, SPARX Japan Smaller Companies Fund and SPARX Japan Fund) managed or sub-advised by SPARX Asset Management Co. Ltd., SPARX Asia Investment Advisors Limited and Cosmo Asset Management Co., Ltd.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Venture - Series Unknown, Series B, Series A
  • Geography: Japan, United States, United Kingdom

Investor stats

  • Total investments: 84
  • Round size: Series A $3.7M–$142M; Series B $4.6M–$48M; Venture - Series Unknown $2.5M–$13M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: May invest from a new fund soon — raised $128M in 2018

Portfolio highlights

  • Provigate — PROVIGATE is a provider of bio-transistor sensor technologies in Japan.The company's technologies are able to measure dynamic changes with the help of perception-broadening sensors, enabling individuals to change their habits for health
  • Spaceflux — As satellites become increasingly vital, Spaceflux tackles the growing challenges of orbital congestion and debris that put them at risk. Thanks to our proprietary global network of optical sensors, we provide data-driven space situational awareness services from LEO to Cislunar.
  • Alloyed — OxMet Technologies develops, licenses, and manufactures proprietary alloys, alloy powders and alloy components for the aerospace, automotive, industrial and biomedical markets.
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MACAN
VC Fund · Singapore, Central Region, Singapore · 1 investments in Myanmar startups

MACAN is a private holding company, backed by European families investing across emerging and developed markets for a few decades. They form deep partnerships with entrepreneurs to build their firms by committing our time, network and resources.

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Investment focus

  • Industry: Energy, Nuclear, Hospitality
  • Stage:Pre-Seed, Venture - Series Unknown
  • Geography: Myanmar, United Kingdom

Investor stats

  • Total investments: 3
  • Round size: Venture - Series Unknown $118M–$315M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Newcleo — newcleo is the clean and safe nuclear technology company. Privately funded and headquartered in London, UK, newcleo was launched in 2021 to be a disruptor in the field of nuclear energy. Its mission is to generate safe, clean and inexhaustible energy for the world, through a radically innovative combination of existing, accessible technologies.newcleo is building the next generation system with the goals to: (1) eliminate the need for geological repositories by using a fast neutron flux avoiding production of long life radioactive elements; (2) develop an Accelerator Driven System (ADS), based on the intrinsically safe coupling of a particle accelerator and a sub-critical reactor; (3) accelerate the development of new fuel cycles, including thorium, that provide economic, clean, safe and inexhaustible energy from nuclei and the opportunity to burn the long-lived nuclear waste produced by the old generation of nuclear reactors.With visionary co-founders, newcleo brings together a team of engineers with deep knowledge of nuclear energy with younger recruits with a fresh mindset, working to design an innovative micro Lead Fast Reactor with significant commercial applications, for example in shipping. newcleo wants to be the first step toward the evolution of its industry to become fully respectful of people and the environment. To develop a new, sustainable, and completely safe way of generating nuclear energy that will lead humanity to zero emissions, and to the mitigation of global warming.
  • Asia Strategic Holdings — Asia Strategic Holdings Ltd. (LSE: ASIA) is an independent developer and operator of consumer businesses in emerging Asia. The Company's portfolio focuses on Education and Services with the view to expand within the broader consumer sector and is located in Vietnam and Myanmar, two of the fastest growing economies in the world over the lastdecade.
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Vulpes Innovative Myanmar Investment Company
VC Fund · 1 investments in Myanmar startups

Investment focus

  • Industry: Internet, Consulting, Information Services
  • Stage:Seed
  • Geography: Myanmar

Investor stats

  • Total investments: 1
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Nexlabs — We provide advertising, creative, data, and technology solutions for leading businesses.
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Belgian Investment Company for Developing Countries
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 1 investments in Myanmar startups

BIO invests in SMEs in developing countries and makes a structural contribution to the socio-economic growth.

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Investment focus

  • Industry: Financial Services, Finance, Banking
  • Stage:Debt Financing, Venture - Series Unknown, Non-Equity Assistance
  • Geography: India, Kenya, Senegal

Investor stats

  • Total investments: 143
  • Round size: Debt Financing $1.6M–$18M; Non-Equity Assistance $16k–$145k; Venture - Series Unknown $43k–$7.9M
  • Lead/follow: 55% lead, 45% follow

Portfolio highlights

  • Amartha — Amartha Mikro Fintech - P2P Lending Indonesia. Alternatif investasi dengan modal terjangkau mulai 100Rb. Tedaftar OJK, Imbal hasil 15%* & Berdampak Sosial.
  • Coris Holding — Coris Holding is a financial institution that was established with the motive to provide support to SMEs and SMIs.
  • Orchidia Pharmaceutical — Orchidia Pharmaceutical is a manufacturing company that provides ophthalmic drugs, food supplements, and cosmeceutical products.
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UMG IdeaLab
VC Fund · Karet Teng Sien, Jakarta Raya, Indonesia · 1 investments in Myanmar startups

Their mission is to find collaboration with external ventures to achieve mutually beneficial condition from both parties. Led by one of the biggest corporate moguls in Myanmar, UMG Myanmar, we’re confident to guide the finest generation of entrepreneurs to build their vision in this digital era. Their main focus is to invest and guide technologyenabled start-ups that has exponential growth potential and meaningful social impact in this technology driven era.

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Investment focus

  • Industry: Information Technology, Artificial Intelligence, Software
  • Stage:Seed, Venture - Series Unknown
  • Geography: Indonesia, Myanmar

Investor stats

  • Total investments: 36
  • Lead/follow: 19% lead, 81% follow

Portfolio highlights

  • Matador Lectro — Supplier baterai LifePo4 Custom berkualitas di Indonesia dan sistem manajemen energi baterai yang dapat membantu motor listrik Anda
  • Touch Me Beauty — Touch Me Beauty is a beauty-tech company that offers skin analyzer mobile application and helps in skin care and beauty
  • Sandhiguna Widya Proteksi — Building cryptographic services to mitigate information breach risks for organizations
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Nexus for Development
VC Fund · Phnom Penh, Phnum Penh, Cambodia · 1 investments in Myanmar startups

Explore Nexus for Development's innovative carbon offset solutions and climate funding initiatives. Buy carbon credits and support impactful projects in Asia

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Investment focus

  • Industry: B2B, AgTech, FinTech
  • Stage:Debt Financing
  • Geography: Myanmar, Bangladesh

Investor stats

  • Total investments: 2
  • Round size: Debt Financing $400k–$500k
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • iFarmer — iFarmer connects farmers, agri-suppliers and funders with technology, financing, and advisory to boost agricultural productivity and sustainability.
  • Techno-Hill Engineering — Our managing director, Barani Aung, graduated from Singapore and has more than ten years of experience working both locally and in Singapore. She had knowledge of building automation, water quality testing systems, newer systems, remote monitoring systems, and data centre infrastructure.
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Anthem Asia
VC Fund · Yangon, Yangon, Myanmar · 1 investments in Myanmar startups

Independent investment and advisory group building sustainable businesses in Myanmar.

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Investment focus

  • Industry: Solar, AgTech, Energy
  • Stage:Series A, Private Equity
  • Geography: Myanmar, Singapore

Investor stats

  • Total investments: 2
  • Lead/follow: 50% lead, 50% follow
  • Last fund: May invest from a new fund soon — raised $35M in 2018

Portfolio highlights

  • SolarHome — Affordable Pay-as-you-go Solar for South East Asia
  • Shan Orchard Myanmar — Shan Orchard Myanmar Ltd is a wholly owned registered company in Myanmar. They are focused on developing and operating Hass avocado orchards and related products like edible oils and guacamole to take advantage of global demand, low production costs and excellent climate of Southern Shan State, Myanmar. ​
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AGD Bank
VC Fund · Yangon, Yangon, Myanmar · 1 investments in Myanmar startups

AGD Bank makes banking in Myanmar secure and easy. Discover our personal, corporate, mobile and e-banking services. AGD Bank - the bank that grows with you.

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Investment focus

  • Industry: Financial Services, Banking, Finance
  • Stage:Debt Financing
  • Geography: Myanmar

Investor stats

  • Total investments: 2
  • Round size: Debt Financing $920k–$6M
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Mahar Bawga Finance — Founded in 2020, MBF was created with a simple mission: to make banking accessible, transparent, and enjoyable for everyone.
  • Hayman Capital Co. Ltd — Hayman Capital Co. Ltd is providing high quality and innovative financial solutions for micro-entrepreneurs and individuals across the Myanmar Region. Hayman Capital Co. Ltd is developing an in-depth understanding of the needs of low-income households and using flexible approaches and delivery mechanisms to provide increased financial access tosuch families.
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Finnfund
VC Fund · Helsinki, Southern Finland, Finland · 1 investments in Myanmar startups

Finnfund is a Finnish development finance company that provides long-term risk capital for private projects in developing countries. Apart from co-investing with Finnish companies they can finance ventures that use Finnish technology, cooperate with Finnish partners on a long-term basis or generate major environmental or social benefits.

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Investment focus

  • Industry: Financial Services, Energy, FinTech
  • Stage:Debt Financing, Venture - Series Unknown, Series B
  • Geography: Kenya, India, Nigeria

Investor stats

  • Total investments: 76
  • Round size: Series B $5M–$41M; Debt Financing $9.4M–$137M; Venture - Series Unknown $2.1M–$20M
  • Lead/follow: 51% lead, 49% follow
  • Last fund: Likely actively investing — fresh fund, raised $93M in 2025

Portfolio highlights

  • Alice — Alice is reinventing health insurance in Brazil. It created a new end-to-end healthcare system based on (i) tech and data, (ii) world-class proprietary primary care, and (iii) value-based agreements with health providers, delivering personalized, data-driven longitudinal care, improving clinical outcomes, with an astonishing experience at lowercosts.
  • Bisedge — Bisedge provides outsourcing solutions for material handling equipment including forklifts and other MHE, maintenance packages as well as the operators. Bisedge is offering this solution as a “Product-As-A-Service” for a monthly fee.
  • Transvolt Mobility — Transvolt Mobility is an early-stage, technology-driven EV fleet operator, enabling India’s transition to sustainable, zero-emission transport by providing a scalable, multi-partner platform for commercial electric mobility across urban and industrial segments.
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OPIC - Overseas Private Investment Corporation
VC Fund · Washington, District of Columbia, United States · 1 investments in Myanmar startups

The Overseas Private Investment Corporation (OPIC) is a self-sustaining U.S. Government agency that helps American businesses invest in emerging markets. Established in 1971, OPIC provides businesses with the tools to manage the risks associated with foreign direct investment, fosters economic development in emerging market countries, and advances U.S. foreign policy and national security priorities. OPIC helps American businesses gain footholds in new markets, catalyzes new revenues and contributes to jobs and growth opportunities both at home and abroad. OPIC fulfills its mission by providing businesses with financing, political risk insurance, advocacy and by partnering with private equity investment fund managers. OPIC services are available to new and expanding businesses planning to invest in more than 160 countries worldwide. Because OPIC charges market-based fees for its products, it operates on a self-sustaining basis at no net cost to taxpayers. All OPIC projects must adhere to best international practices and cannot cause job loss in the United States.

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Investment focus

  • Industry: Financial Services, Solar, Energy
  • Stage:Debt Financing, Post-IPO Debt, Grant
  • Geography: India, United States, Kenya

Investor stats

  • Total investments: 31
  • Round size: Post-IPO Debt $40M–$500M; Debt Financing $4.1M–$175M
  • Lead/follow: 74% lead, 26% follow
  • Last fund: May invest from a new fund soon — raised $100M in 2014

Portfolio highlights

  • Twiga Foods — Twiga is a mobile-based supply platform for Africa’s retail outlets, kiosks, and market stalls. The company is using a mobile-based, cashless, business-to-business (B2B) supply platform to access distribution into the millions of small and medium-sized vendors in African urban markets. Founded in 2013, Twiga is based in Nairobi, Kenya.
  • d.light — Founded in 2007 as a for-profit social enterprise, d.light manufactures and distributes award-winning solar lighting and power products designed to serve the more than 2 billion people globally without access to reliable electricity. Through five distribution hubs in East Africa, West Africa, India, Southeast Asia, and the United States, d.lighthas impacted over 65 million lives with its products. d.light is dedicated to providing the most reliable, affordable, and accessible solar lighting and power systems for the developing world, with the goal of reaching 100 million people by 2020. For more information, visit www.dlight.com.
  • Peak Rare Earths — Peak Rare Earths Limited (ASX:PEK) is focused on becoming one of the few integrated suppliers of NdPr Oxide (rare earths) outside of China.
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NextTech Group of Technopreneurs
VC Fund · Hanoi, NA - Vietnam, Vietnam · 1 investments in Myanmar startups

NextTech Group of Technopreneurs is a Group of Companies pioneering into the emerging Digitised Commerce industry across South East Asia

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Investment focus

  • Industry: E-Commerce, Software, Logistics
  • Stage:Seed, Series B, Venture - Series Unknown
  • Geography: Vietnam, Japan, Myanmar

Investor stats

  • Total investments: 17
  • Round size: Seed $321k–$1M; Venture - Series Unknown $6.4M–$6.4M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: Likely still investing — raised $50M in 2021

Portfolio highlights

  • COOLMATE — Coolmate is a Vietnamese menswear brand offering a wide range of apparel and accessories for men, from sportswear and office attire to everyday styles. They operate exclusively online through their own e-commerce website and popular e-commerce platforms in Vietnam. The company is headquartered in Hanoi & Hochiminh City, Vietnam.
  • CNV CDP — Saas, Mobile App, Customer Loyalty
  • eCentric — eCentric is an e-commerce company excel in online businesses by providing services that foster growth and elevate experience.
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PHYZ
VC Fund · Osaka, Osaka, Japan · 1 investments in Myanmar startups

Phyz is an EC solutions services" for the company business.

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Investment focus

  • Industry: Cloud Computing, Financial Services, Management Consulting
  • Stage:Seed
  • Geography: Myanmar

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Linklusion — Linklusion is a system development and management support for microfinance institutions in developing countries. Linklusion provides management support such as business improvement and fund procurement to help institutions to deliver better financial services to more people with the power of technology.
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UMJ
VC Fund · Tokyo, Tokyo, Japan · 1 investments in Myanmar startups

United Managers Japan is a management service company that provides investment advisory services.

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Investment focus

  • Industry: SNS, Baby, Software
  • Stage:Seed, Venture - Series Unknown
  • Geography: Japan, Myanmar

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Kyarlay — Kyarlay is a baby products e-commerce and delivery provider.
  • Market Drive — Maket Drive which develops EveEve, Japan's largest marriage-hunting app, has raised funds from several individual investors, including East Ventures. With this financing, we will further strengthen our management system, promote development, and increase the number of affiliated stores.
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Yoma Strategic Holdings
VC Fund · Singapore, Central Region, Singapore · 1 investments in Myanmar startups

Yoma Strategic Holdings Ltd. is a leading business corporation with real estate, consumer, automotive, agriculture & logistic and tourism businesses in Myanmar. Together with its partner, the SPA Group, the Group is taking a conglomerate approach to build a diversified portfolio of businesses in Myanmar.

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Investment focus

  • Industry: Energy, FinTech, Power Grid
  • Stage:Venture - Series Unknown, Corporate Round
  • Geography: Myanmar

Investor stats

  • Total investments: 3
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Wave Money — Wave Money is leading mobile wallet & digital payment provider in Myanmar, offering secure and convenient mobile financial services for seamless transactions.
  • Yoma Micro Power — Yoma Micro Power builds, owns, and operates small-scale power plants and mini-grids in off-grid areas of Myanmar. These systems provide electricity to off-grid telecommunication towers and the surrounding communities including households.
  • Yoma Micopower PDF — Electricity infrastructure development is a priority for Myanmar to drive economic growth. According to the World Bank only 16 percent of rural households in Myanmar are connected to the power grid1. The demand for power far exceeds the available production capacity, resulting in regular blackouts. The limited production and distribution of powerseverely hamper economic development and the powering of telecommunications towers.
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Impact Fund Denmark
VC Fund · Copenhagen, Hovedstaden, Denmark · 1 investments in Myanmar startups

Investeringsfonden for udviklingslande

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Investment focus

  • Industry: Energy, Financial Services, Renewable Energy
  • Stage:Venture - Series Unknown, Private Equity
  • Geography: India, Kenya, France

Investor stats

  • Total investments: 37
  • Round size: Private Equity $35M–$250M; Venture - Series Unknown $1.8M–$34M
  • Lead/follow: 54% lead, 46% follow
  • Last fund: Likely still investing — raised $800M in 2023

Portfolio highlights

  • Bright — Bright offers residential solar for the developing world at $0 upfront. They operating first in Mexico, where electricity rates are 2-3x (that of the US), there's 40% more sun, and installation costs are half as much.
  • CrossBoundary — CrossBoundary Energy's energy solutions help decarbonize enterprise by providing cleaner, cheaper, and more reliable power.
  • Arohan Financial — Arohan is one of the few NBFC-MFIs in India to offer loans ranging from INR 10000 to as high as INR 100 lakh. It works with strong, local partners on the ground to further improve its reach in the remotest locations of its focus low-income geographies. Arohan also offers financial safety net products such as and non-financial products to itscustomers at affordable costs.
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Satori Giants
VC Fund · 1 investments in Myanmar startups

At Satori Giants we bring ideas to life by providing the capital, resources, network, and expertise to launch and scale successful ventures.

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Investment focus

  • Industry: Gaming, eSports, Consumer
  • Stage:Pre-Seed, Seed
  • Geography: Singapore, Myanmar, Cambodia

Investor stats

  • Total investments: 4
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Supafaya — Monetizing community sucks. We're here to help the best creators build businesses around & with your communities to provide long-lasting value.
  • Jalat Logistics — Effortless, fast, and reliable delivery solutions designed to keep your business moving smoothly. With real-time tracking, same-day delivery, and seamless integration, Jalat Logistics makes shipping easier and more efficient than ever.
  • Better Technologies PTE — Cloud-based HR management software allowing CEOs and HR managers to streamline payroll, attendance, leave, and OT for better employee management for Myanmar, Sri Lanka, and Vietnam
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VIMIC Limited
VC Fund · Stevenage, Hertfordshire, United Kingdom · 1 investments in Myanmar startups

VIMIC Limited

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Investment focus

  • Industry: Information Technology
  • Stage:Seed
  • Geography: Myanmar

Investor stats

  • Total investments: 1
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Bindez Pte. Ltd. — Bindez emerged out of a challenge that has faced many countries coming online in the last few decades: how to make their countries languages talk with computers.
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BOD Tech Ventures
VC Fund · Ho Chi Minh City, NA - Vietnam, Vietnam · 1 investments in Myanmar startups

BTV - South East Asia Investments

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Investment focus

  • Industry: EdTech, Travel, Internet
  • Stage:Seed, Series A
  • Geography: Myanmar, Singapore

Investor stats

  • Total investments: 2
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Clevai — Clevai is an AI-enabled after-school tutoring platform for K-12 students, delivering quality education to underserved students.
  • Flymya — Myanmar No.1 Travel Portal, the first provider of consumer-direct travel services in Myanmar.With a dedicated ticketing and customer support team based in Yangon, Myanmar, flymya.com is a one-stop-shop for all domestic flight purchases.The Myanmar's leading consolidator of travel services, flymya.com aggregates top domestic airlines in one of the world's fastest growing tourist markets.Through process excellence, dedication and passion, our ticketing team aim to surpass customers' expectations by making their travel planning an enjoyable and reliable experience.
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Danish Investment Fund for Developing Countries
VC Fund · 1 investments in Myanmar startups

Danish Investment Fund for Developing Countries

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Investment focus

  • Industry: Energy, Renewable Energy, Water
  • Stage:Venture - Series Unknown, Private Equity
  • Geography: France, Zambia, Myanmar

Investor stats

  • Total investments: 4
  • Round size: Venture - Series Unknown $5M–$16M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Eranove — The Eranove group counts more than 9000 employees all engaged in developping hydroelectric solutions to allow all the pan african citizens to access electricity and drinking water
  • Africa GreenCo — Our mission - addressing creditworthiness to increase generation and growth of renewable energy markets through partnerships and innovative solutions.
  • Alliance for Microfinance in Myanmar — Microfinance in Myanmar
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BOPA
VC Fund · Singapore, Central Region, Singapore · 1 investments in Myanmar startups

BOPA is a Singapore-based equity investor in microfinance institutions.

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Investment focus

  • Industry: Finance, Financial Services, Credit
  • Stage:Venture - Series Unknown, Pre-Seed
  • Geography: India, Myanmar

Investor stats

  • Total investments: 3
  • Round size: Venture - Series Unknown $2.5M–$5M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Navadhan Capital — Navadhan Capital offers capital to under-banked households.
  • Sambandh Finserve — Sambandh Finserve is a fintecu solution compnay. They provide phone banking services. They provide products that include watsan, suvidha, saral, and saksham. An online inquiry form is available on the company's website.
  • Alliance for Microfinance in Myanmar — Microfinance in Myanmar
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Symbiotics Group
VC Fund · Geneva, Geneve, Switzerland · 1 investments in Myanmar startups, 8 in the past 12 months

Symbiotics is the leading market access platform for impact investing. Symbiotics offers investment, asset management and capacity building services.

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Investment focus

  • Industry: Financial Services, FinTech, Finance
  • Stage:Debt Financing, Post-IPO Debt, Seed
  • Geography: India, Ghana, United States

Investor stats

  • Total investments: 45
  • Round size: Seed $2.3M–$3.2M; Post-IPO Debt $5M–$165M; Debt Financing $3M–$37M
  • Lead/follow: 64% lead, 36% follow

Portfolio highlights

  • Farmnet — Farmnet trading arm of Singapore-headquartered TechCoop, operates as a key player in Vietnam's agricultural supply chain, focusing on commodities trading and related services.
  • iFarmer — iFarmer connects farmers, agri-suppliers and funders with technology, financing, and advisory to boost agricultural productivity and sustainability.
  • Bharat Housing Network — Bharat Housing Network provides funding, technology, and infrastructure to affordable housing finance institutions in order to increase co-lending and accelerate home development.
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NP Consulting
VC Fund · Madrid, Madrid, Spain · 1 investments in Myanmar startups

NP Consulting provides a truly independent consulting service, focused on our clients’ best interests.

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Investment focus

  • Industry: Logistics, FinTech, Finance
  • Stage:Seed, Series A
  • Geography: Myanmar, Indonesia, Singapore

Investor stats

  • Total investments: 5
  • Round size: Seed $1M–$2.1M
  • Lead/follow: 40% lead, 60% follow

Portfolio highlights

  • Uangcermat — UangCermat seeks to close the gap between South East Asia's underbanked and unbanked populations and their access to sustainable financial services and products.
  • Karzo — Karzo is the fist B2B logistics platform in Myanmar for connecting trucking suppliers with businesses for reliable distribution.
  • TransTRACK — Manage your fleet more efficiently with advanced fleet management solutions. Monitor vehicles in real-time, reduce operational costs, and increase productivity!
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KFW DEG
VC Fund · Cologne, Nordrhein-Westfalen, Germany · 1 investments in Myanmar startups

KFW DEG offers financing, advice and support to private sector enterprises operating in developing and emerging-market countries. Their customers can rely on their expertise: They can benefit from their market knowledge, their 21 locations worldwide, and their international network. For entrepreneurial success and development.

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Investment focus

  • Industry: Financial Services, Energy, FinTech
  • Stage:Debt Financing, Grant, Post-IPO Debt
  • Geography: India, Kenya, Brazil

Investor stats

  • Total investments: 129
  • Round size: Grant $100k–$1.1M; Post-IPO Debt $12M–$820M; Debt Financing $15M–$566M
  • Lead/follow: 39% lead, 61% follow

Portfolio highlights

  • Alice — Alice is reinventing health insurance in Brazil. It created a new end-to-end healthcare system based on (i) tech and data, (ii) world-class proprietary primary care, and (iii) value-based agreements with health providers, delivering personalized, data-driven longitudinal care, improving clinical outcomes, with an astonishing experience at lowercosts.
  • Combio Energia — ComBio Energia Provide energy generation solutions with renewable sources, creating, growing, and long-term economic value. They develop projects for steam generation and cogeneration of electricity with biomass, which promote environmental improvements and significant cost reductions for customers in the industrial segment. They offer, based on adetailed analysis of the needs of each customer, a dedicated energy solution, adapted to their consumption profile.
  • Nefer Menya — Nefer Menya is a joint venture between Infinity Power and HAU Energy B.V.
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Proparco
VC Fund · Paris, Ile-de-France, France · 1 investments in Myanmar startups

Proparco is devoted to private sector funding in the sustainable development sector. Proparco participates in the financing and support of companies and financial institutions in Africa, Asia, Latin America and the Middle East. Its action focuses on the key sectors of development: infrastructures with a focus on renewable energies, agro-industry, financial institutions, health, education ... Its interventions are aimed at strengthening the contribution of private actors the achievement of the Sustainable Development Goals (SDGs) adopted by the international community in 2015. Proparco finances companies whose activity contributes to the creation of jobs and decent incomes, the supply of essential goods and services, and the fight against climate change.

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Investment focus

  • Industry: Financial Services, Energy, Finance
  • Stage:Debt Financing, Private Equity, Venture - Series Unknown
  • Geography: Kenya, India, Nigeria

Investor stats

  • Total investments: 145
  • Round size: Debt Financing $400k–$206M; Private Equity $10M–$60M; Venture - Series Unknown $1.9M–$72M
  • Lead/follow: 45% lead, 55% follow

Portfolio highlights

  • BasiGo — BasiGo is an early-stage e-mobility start-up looking to revolutionize the public transportation sector by providing matatu owners with a cost-effective electric alternative to diesel buses.
  • Ecoener — Ecoener is a renewable energy company that develops, builds, operates, and maintains electricity generation projects based on clean energy sources. The company works across hydropower, wind, and solar photovoltaic technologies, managing the full lifecycle of energy facilities from early development and engineering to construction and long-termoperation. It also engages in energy commercialization activities that support the sale and distribution of electricity generated from its assets. Ecoener handles project planning, permitting, environmental assessment, and technical design as part of its infrastructure development process. The company operates and expands renewable energy plants across multiple international markets while integrating maintenance and operational management services for its facilities. It also participates in storage-related and hybrid energy projects that combine different renewable technologies to support grid stability and energy supply efficiency.
  • SOGUIPAL — SOGUIPAL is a prominent food processing company. The company is the primary agro-industrial subsidiary of the Comptoir Commercial Général group.
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Nexlabs
VC Fund · Yangon, Yangon, Myanmar · 1 investments in Myanmar startups

We provide advertising, creative, data, and technology solutions for leading businesses.

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Investment focus

  • Industry: Apps, Software, Mobile Apps
  • Stage:Convertible Note
  • Geography: Myanmar

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Better Technologies PTE — Cloud-based HR management software allowing CEOs and HR managers to streamline payroll, attendance, leave, and OT for better employee management for Myanmar, Sri Lanka, and Vietnam
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Theta Capital
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 1 investments in Myanmar startups

Theta Capital Management is a licensed blockchain investment manager based in Amsterdam, providing institutional investors with access to crypto-native venture capital through a fund-of-funds program since 2017.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Series A
  • Geography: United States, Germany, Myanmar

Investor stats

  • Total investments: 8
  • Round size: Seed $3.5M–$20M; Series A $18M–$50M
  • Lead/follow: 13% lead, 87% follow
  • Last fund: Likely actively investing — fresh fund, raised $175M in 2025

Portfolio highlights

  • Nonco — Leading provider of stablecoin and crypto liquidity solutions for institutional and enterprise clients.
  • Anvil — Anvil provides a decentralized finance protocol that enables users and applications to manage collateral and issue credit backed by digital assets. The platform offers a secure vault for holding collateral and tooling for allocating assets into collateral pools. Anvil supports creation and management of onchain letters of credit as fully secured financial guarantees for different applications. Users interact with the protocol through a web interface that connects to their digital wallets and relevant smart contracts. The protocol is intended for organizations and individuals seeking predictable, programmable credit arrangements and collateralized transactions in onchain finance.
  • Aligned Layer — Aligned Layer is an Ethereum infrastructure company providing wallets, rollups, interoperability, and proof aggregation as one integrated suite.
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Blue Tech Venture
VC Fund · San Francisco, California, United States · 1 investments in Myanmar startups

Blue Tech Venture is a local technology venture firm.

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Investment focus

  • Industry: Education, Information Technology
  • Stage:Seed
  • Geography: Myanmar

Investor stats

  • Total investments: 1
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • e-School — eSchool App can solve the time consuming management processes due to paperwork such as calulation of student attendance, student grad report card and so on.
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Asian Alliance Investment
VC Fund · Makati, Manila, Philippines · 1 investments in Myanmar startups

Asian Alliance Investment Corporation is a boutique investment banking firm.

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Investment focus

  • Industry: Information Technology, Travel, Internet
  • Stage:Seed, Private Equity
  • Geography: China, Myanmar, Philippines

Investor stats

  • Total investments: 4
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • U-HOP — For most people, commuting is not fun or convenient. So, we want make the process as easy and enjoyable as possible for you. We genuinely care about your safety and your experience. We verify and validate the identity of every member and the drivers. With us you are safe. With UHOP. you will never have to worry being rob in the taxi, overcharging,unruly and unprofessional drivers, expensive fees and getting to your destinations on time.
  • Frontiir — Bridging the Global Digital Divide!
  • DAHAN TRICOM — DAHAN TRICOM is a cloud communication service provider.
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A2D Ventures
VC Fund · Singapore, Central Region, Singapore · 1 investments in Myanmar startups

A2D is Southeast Asia's largest angel syndicate and fastest growing angel investing platform where investors meet tomorrow's game changing startups.Our mission is – to be the region's leading early-stage investing platform and angel syndicate, dedicated to: • Accelerating the growth of promising startups • Building innovativebusinesses • Capitalizing on new opportunities • Democratizing access to the exclusive world of venture capitalOur streamlined and full-digitalized platform offers ease of access to opportunities all across Southeast Asia. Our dynamic team of ex-operators, angel investors, investment managers, and corporate leaders collaborate closely with portfolio companies, providing not just funding but strategic guidance and hyper-local network access.Diversity is at the heart of what we do. We are committed to creating an inclusive ecosystem where everyone, regardless of background, has an equal chance to succeed. We empower entrepreneurs and investors to come together, fostering collaboration and innovation.

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Investment focus

  • Industry: Wellness, Manufacturing, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Thailand, Singapore, United States

Investor stats

  • Total investments: 19
  • Round size: Seed $400k–$3.9M; Pre-Seed $300k–$1.1M
  • Lead/follow: 42% lead, 58% follow

Portfolio highlights

  • Nightify — Find and book the best bars and nightclubs in Bangkok. Discover parties tonight, view floor plans, check real-time availability, and unlock exclusive discounts.
  • ROLO Robotics — Modular autonomous food systems serving 200 meals/hr. Deployed across campus food courts, hospitals and transit hubs in Singapore.
  • Pride Health — Access trusted doctors, e-prescriptions, and discreet medication delivery. Safe, convenient, and judgment-free.
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Norfund
VC Fund · Oslo, Oslo, Norway · 1 investments in Myanmar startups

Norwegian investment fund for developing countries

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Investment focus

  • Industry: Financial Services, Energy, Renewable Energy
  • Stage:Venture - Series Unknown, Private Equity, Debt Financing
  • Geography: Kenya, South Africa, Nigeria

Investor stats

  • Total investments: 106
  • Round size: Debt Financing $2.2M–$156M; Private Equity $7.4M–$125M; Venture - Series Unknown $3.6M–$62M
  • Lead/follow: 63% lead, 37% follow
  • Last fund: May invest from a new fund soon — last raise in 2009

Portfolio highlights

  • CrossBoundary — CrossBoundary Energy's energy solutions help decarbonize enterprise by providing cleaner, cheaper, and more reliable power.
  • mopo — Mobile Power's innovative pay-per-use battery sharing network unlocks clean energy for households, businesses and electric transport in Sub-Saharan Africa.
  • AMPIN Energy Transition — AMPIN Energy Transition (Formerly Amp Energy India) is a leading renewable energy company driving India's green future with solar, wind, and storage solutions.
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Miraidoa
VC Fund · Kyoto, Kyoto, Japan · 1 investments in Myanmar startups, 7 in the past 12 months

Future Venture Capital Co., Ltd. is a venture capital firm specializing in early stage investment. The firm invests in diversified investment in a broad range of industrial sectors. It seeks to invest in Japan. The firm prefers to be the lead investor in its portfolio companies. Future Venture Capital Co., Ltd. was founded in 1998 and is based inKyoto, Japan with offices in Tokyo, Aomori, Iwate, Yamagata, Kanazawa, Mie, Sakai, Kobe, and Ehime.

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Investment focus

  • Industry: Manufacturing, Health Care, Information Technology
  • Stage:Venture - Series Unknown, Seed, Series A
  • Geography: Japan, United States, Myanmar

Investor stats

  • Total investments: 171
  • Round size: Seed $338k–$5.3M; Series A $1.2M–$11M; Venture - Series Unknown $96k–$4.6M
  • Lead/follow: 17% lead, 83% follow
  • Last fund: May invest from a new fund soon — raised $2.5M in 2020

Portfolio highlights

  • Naorai — Naorai is a food and beverage firm that manufactures wine, beer, spirits, and non-alcoholic beverages.
  • Sinumy — Sinumy develops touchless identity authentication technology and high-speed, high-precision position measurement technology.
  • Dioseve — Dioseve is providing novel possibilities for all life.
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Nordic Microfinance Initiative
VC Fund · Oslo, Oslo, Norway · 1 investments in Myanmar startups

The Norwegian Microfinance Initiative (NMI) is an innovative strategic partnership between the Norwegian public and private sectors that will invest in microfinance institutions (MFIs) in developing countries and provide professional assistance and technical support for these institutions. The mission of NMI is to contribute to the empowerment of poor people and to the creation of jobs, wealth, and economic and social sustainability in developing countries by investing in and supporting MFIs.

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Investment focus

  • Industry: Financial Services, Finance, Banking
  • Stage:Venture - Series Unknown, Series B, Series C
  • Geography: India, Uganda, Myanmar

Investor stats

  • Total investments: 19
  • Round size: Series B $3.6M–$24M; Series C $3.6M–$19M; Venture - Series Unknown $4.3M–$14M
  • Lead/follow: 53% lead, 47% follow
  • Last fund: May invest from a new fund soon — raised $105M in 2018

Portfolio highlights

  • Tugende — Tugende helps motorcycle taxi drivers own their own motorcycles in eighteen months or less instead of renting indefinitely. Ownership significantly increases income, job security and road safety.
  • Sitara — Apply for home loans with Sitaara Housing Finance. Enjoy affordable interest rates, quick approval, and easy documentation for your dream home.
  • Light Microfinance — Light Microfinance is a non-banking finance company registered with the Reserve Bank of India. Headquartered at Ahmedabad, Gujarat, Light Microfinance provides micro and meso finance products and services with gender and poverty-focused programs, targeting rural and peri-urban areas, with a specific focus on poor women. The company operates inGujarat, Rajasthan and Madhya Pradesh and is one of the fastest growing microfinance companies in India today.
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VC funding in Myanmar at a glance

Stats across 122 deals from 95 investors.

95
investors
in Myanmar startups
122
deals
in Myanmar startups
$700k
median round
in Myanmar startups
63%
lead investors
lead at least one round
29%
Seed
most common funding stage

Access all 95 VC funds in Myanmar startups.

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