By Juliet Shwe Gaung
New Zealand-based online education platform LearnCoach has secured $1.5 million in seed funding while Myanmar agri-mobile platform Greenovator has snagged a six-digit grant from the GSMA Ecosystem Accelerator Innovation Fund.
The establishment of the school will mark the LSE-listed investment firm’s third initiative in the education sector.
YCP will prioritise investments in technology startups that are solving problems in the areas of education, healthcare, and agriculture.
Banking executives broadly welcomed Thursday’s announcement, though foreign banks will still be prevented from offering retail banking services.
With the first Auntie Anne’s outlet slated to open in Yangon, the brand is eyeing a wider presence in the country over the next five years.
EME Myanmar, with an initial corpus of nearly $3 million, is looking for investments with a ticket size of $50,000 to $200,000.
Launched in January 2016, Rent 2 Own charges users a monthly fee, which covers maintenance and insurance, to rent a motorcycle.
Private equity firm Samena Capital had invested $19 million in SM Asset Holdings in 2017 through its Samena Special Situations Fund III L.P.
The latest investment brings the total funding raised by AND Global and its subsidiaries to $15.3 million, including equity investment and debt financing.
L&M Mayson operates three factories in Myanmar and produces bread, biscuits and cakes. The Yangon-headquartered firm had sales of about 35 billion won ($30.6 million) last year.