Singapore VC Majuven backs Myanmar-focused Daung Capital's Series A

Photo: Daung Capital.

Myanmar-focused financing platform Daung Capital has announced the final close of its undisclosed Series A investment round this week, roping in Majuven, an early- and growth-stage venture capital firm from Singapore as a new investor.

The deal marks Majuven’s first investment in Myanmar. The VC firm typically bets on Asian businesses that are focused on sustainable technologies such as energy, water, and food.

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