MM Digital Solutions (mmDS), a Myanmar-based IT services provider, has raised a six-digit dollar investment from Singapore-based Seed Myanmar Ventures Limited and investment holding company, Theta Capital Group, according to an announcement.
MM Digital Solutions provides solution design, IT consultancy, iOS app and web-app development.
Set up in November 2017, the company is building both customised digital solutions and SaaS platforms for sectors such as consumer lending and hospital booking.
The proceeds from the fresh funding will be used for business growth.
“mmDS plans to use this funding to build the necessary operational infrastructure and recruit more talent,” said founder and CEO Aung Pyae Phyo. Phyo together with director Thet Hlaing lead MM Digital Solutions.
“Our solution-building and talent-polishing mechanisms are up and running now. So, we’ll make use of it in driving growth,” he said.
Prior investments made by Seed Myanmar include a six-digit round in delivery service platform, Marathon Myanmar Co Ltd. It also led a six-digit sum in Flexible Pass that provides fitness passes.
Seed Myanmar portfolio includes freelancer platform Chate Sat, MM Tutors, search engine Bindez and logistics startup Kargo.