By 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.
Private equity firm Samena Capital had invested $19 million in SM Asset Holdings in 2017 through its Samena Special Situations Fund III L.P.
The latest investment brings the total funding raised by AND Global and its subsidiaries to $15.3 million, including equity investment and debt financing.
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.
Insitor is looking at investing around 25 to 30 per cent of the capital in social sector startups/enterprises in Myanmar.
Easy Microfinance is the tenth MFI in Myanmar that Yoma Bank has extended financing to in the last year.
Nest Tech joins other investors Seed Myanmar and Yangon Capital Partners as part of the round.
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.
Prior to the latest funding agreement, BRAC raised the first financing tranche of $1.3 million from Yoma Bank in March.