Singapore’s Vulpes launches Myanmar-focused tech VC fund

Photo: Juliet Shwe Gaung.

Singapore-based Vulpes Investment Management Pte Ltd has announced the launch of a Myanmar-focused venture capital (VC) fund to invest in early-stage technology companies.

The new entity, called Vulpes Innovative Myanmar Investment Company (VIMIC Limited), will make seed and Series A investments, according to a company statement.

“We are starting small, and we will grow our assets under management as the start-up community continues to mature in Myanmar,” said Field Pickering, director of VIMIC Limited.

VIMIC has already made two seed investments — one in logistics startup KarGo and another in Chate Sat, an online marketplace that connects businesses with freelancers.

Chate Sat was one of the first participants in tech hub Phandeeyar‘s accelerator programme. More than 700 businesses and 4,000 freelancers are now registered with the company.

Co-founder and CEO Honey Mya Win said Chate Sat will use the funds from VIMIC for expanding its presence outside Yangon and Mandalay. “We also want to educate businesses on the advantages and availability of freelancers,” she said.

Vulpes has previously managed funds as Artradis, the largest and one of the most successful hedge funds based in Asia between 2002 and 2011. As Vulpes, it has invested in a technology companies since 2011.

Some of the active venture capital firms in Myanmar include Anthem Asia, BOD Tech, Frontier Digital Ventures and Globalway Ventures.

Also Read: Startups from Myanmar accelerator Phandeeyar secure funds

Meet the most active venture capital & investment firms in Myanmar

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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.