EQuest Education Group has invested in edtech company 789.vn while SeedMyanmar Ventures has injected a six-figure sum into human resources solutions provider Better HR.
TAEL Partners-backed EQuest Education invests in 789.vn
EQuest Education Group, formerly known as Institution of American Education, has invested in 789.vn, an edtech company that helps teachers digitise exam paper preparation and grading.
789.vn claims its technology can save 90 per cent of time and effort and up to 99 per cent of resources that would be required by manual processing. It can also do automatic grading, update test reports and push the reports to parents and designated recipients.
The edtech startup has also started to digitise lectures and applying augmented reality and virtual reality technology to maintain the relevance and sustainability of the platform, according to Nguyen Quang Trung, CTO of EQuest.
EQuest received an eight-digit US dollar funding from TAEL Partners in 2018. The firm was established in 2003 and currently has 15 schools and member entities, ranging from high schools to vocational schools and colleges.
Better HR secures six-figure funding from SeedMyanmar Ventures
Myanmar-based HR solutions provider Better Technologies Pte Ltd (Better HR) has raised six-figure funding from Singapore-based venture capital firm SeedMyanmar Ventures Limited, according to an announcement.
Better HR is a spinout of nexlabs, the leading digital consulting company in Myanmar, and offers solutions to small and medium-sized companies to manage their people and run payroll.
“The funding from SeedMyanmar allows us to greatly accelerate our product and sales expansion not just in Myanmar but regionally across South East Asia”, said Ye Myat Min, CEO of Better HR.
Launched in 2017, SeedMyanmar Ventures is an early-stage venture investor focused on the Myanmar market. Managed by Vulpes Investment Management of Singapore, the VC currently has a portfolio of 10 growth companies in Myanmar.