The deal makes IFC the first foreign investor in a commercial bank in Myanmar.
Meal Temple’s expansion to Myanmar comes seven months after it raised a six-digit dollar investment.
With the Series A round now closed, Daung Capital's post-money valuation has reached S$16.5 million ($11.9 million).
Earlier, RecyGlo raised $150,000 from Oslo-based Katapult Ocean accelerator, at a $1.8 million valuation.
IFC has been a long-term strategic partner to ACLEDA.
KMA group is looking to revamp and develop new hotels and resorts across Myanmar.
The new industrial could become a destination for investors and job seekers outside Yangon.
Blue Ocean started making venture investments since 2015 and has so far got six portfolio companies under its umbrella.
It plans to use the fresh capital to further develop its platform and expand outside Myanmar in the next 12 months.
Last year, InfoCorp launched an application called ‘FarmTrek’, that uses private, permission-based blockchain to track livestock ownership.
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