Myanmar Digest: MMTutors gets funds; Seedstars backs innovation centre

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Seed Myanmar has led a five-digit dollar investment in MMTutors while Switzerland-based Seedstars will invest $1.1 million to develop the Yangon Innovation Center.

Yoma Bank makes $4.4m follow-on financing in BRAC Myanmar Microfinance

Prior to the latest funding agreement, BRAC raised the first financing tranche of $1.3 million from Yoma Bank in March.


Anthem Asia to hit final close of $50m SME venture fund in 12 months

The fund hit its first close at $34.5 million in August, with commitments from IFC, the Dutch Good Growth Fund and UK state-owned CDC Group plc.


Myanmar’s Chate Sat raises six-digit USD funding from SG angels, eyes expansion

The pre-Series A round was led by former Dymon Asia Capital COO Willy Ballmann and former investment banker Keizo Fujitake.


YSX-listed FMI units acquire 70% stake in SEIN Hospital for $4.9m

Following the deal, SEIN will be rebranded as Pun Hlaing Siloam Hospital. 


Mekong-focused EMIA to close six deals in CLM nations by Q2 2019

Given the robust pipeline across the three markets, EMIA is also looking to increase the capital for its second fund.


Myanmar Digest: Ringier buys MyJobs; Trust Venture picks stake in FMR

Post acquisition, MyJobs.com.mm joins Ringier’s existing portfolio platforms in Myanmar: Duwun.com.mm, Marry.com.mm and Kalay.com.mm.


UMJ Ikeya backs new investment vehicle targeting startups in Myanmar

UMJ Ikeya Investment Ltd has anchored a new investment vehicle, Emerging Markets Entrepreneurs (EME) Myanmar, with an initial corpus of nearly $3 million to invest in startups in the frontier market.


Singapore’s Campana raises $40m from Mitsui, others for fiber cable expansion

The financing will be used for the development of the SIGMAR submarine cable network, that spans 2,200 km connecting Yangon to Singapore.


TPG said to seal deal to become Myanmar’s biggest tower owner

TPG has acquired tower operator Pan Asia Majestic Eagle and plans to merge it with portfolio company Apollo Towers.