Juliet Shwe Gaung
EME Myanmar, with an initial corpus of nearly $3 million, is looking for investments with a ticket size of $50,000 to $200,000.
Launched in January 2016, Rent 2 Own charges users a monthly fee, which covers maintenance and insurance, to rent a motorcycle.
Other investors in the funding round include BlueRun Ventures, Charles River Ventures, OurCrowd and other private investors.
Private equity firm Samena Capital had invested $19 million in SM Asset Holdings in 2017 through its Samena Special Situations Fund III L.P.
New investor Decheng Capital and return backer Lilly Asia Ventures also joined the round.
Earlier this year, Atlassian sold off IP of its corporate chat assets Stride and HipChat to Slack.
Huawei and US consumer product firm P&G have announced plans of stepping up investments in their innovation centres in Asian cities.
L&M Mayson operates three factories in Myanmar and produces bread, biscuits and cakes. The Yangon-headquartered firm had sales of about 35 billion won ($30.6 million) last year.
Shunwei Capital has led a $4.31 million investment in robotic arm maker Hibot while Sequoia Capital China has invested $15.8 million in AI firm Shannon.ai.
Spatial is a software platform that leverages augmented reality (AR) to enable workplace collaboration.