mmDS gets six-digit sum from Seed Myanmar, Theta Capital

Photo: Juliet Shwe Gaung. Downtown Yangon.

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.

Also Read:

Seed Myanmar closes six-digit investment in delivery startup

Seed Myanmar leads $100k funding in fitness app Flexible Pass, eyes two more investments

 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.