About startup landscape in Myanmar
Myanmar has over 1,478 startups across the country. Of these, 205 are funded companies that have collectively raised $2.8B in venture capital and private equity. A total of 159 investors have participated in 218 funding rounds, with 20 startups securing early-stage funding and 4 raising late-stage funding. In the last five years, 93 new companies have been founded, raising over $63K in funding. Startups in Myanmar have witnessed 16 acquisitions and 15 IPOs, while 355 startups wrapped up operations. Additionally, 40 companies have been founded by women.
Key Metrics
Total Companies
Top Companies
Total Funding
Funded Companies
Series A+ Companies
Series C+ Companies
IPOs
Acquisitions
Top Companies in Myanmar
Wave Money is the top company in Myanmar, ranked using Tracxn Score (what's this?).
Here are 5 of the top companies in Myanmar:
Company | Description | Location | Founded | Current Stage | Private Funding Raised |
|---|---|---|---|---|---|
Open wallet system | Yangon (Myanmar) | 2015 | Acquired | $73.5M | |
Provider of network design and distribution services | Yangon (Myanmar) | 2013 | Series B | $69.2M | |
Commercial bank | Yangon (Myanmar) | 1993 | Series D | $92.5M | |
Integrated telecommunication services provider | Yangon (Myanmar) | 1884 | Funding Raised | - | |
Online platform to discover & book multiple travel services | Yangon (Myanmar) | 2011 | Series B | $24.7M |
Recent Funding Rounds in Myanmar
In the year 2024, till June 2024, undefined has been raised in 3 equity
funding rounds across Myanmar. In the same period last year (i.e. till March 2023), undefined had been raised across 2 rounds in Myanmar. So, 2024 has seen a NaN% drop in funding in companies of Myanmar as compared to 2023.
Here are some recent, important funding rounds in Myanmar:Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 4389 | Jun 04, 2024 | ||
Seed | 3518 | Apr 15, 2024 | and 1 more | |
Seed | 2821 | Feb 28, 2024 | ||
Seed | 9445 | Mar 06, 2023 | ||
Seed | 5499 | Mar 06, 2023 |
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- 1.5K+ Total Companies
- $2.8B+ Total Funding
- 200+ Funded Companies
- 10+ IPOs
- 15+ Acquisitions
Top Investors in Myanmar
Europa is the top investor in companies of Myanmar based on number of companies invested.
Here are some top investors in Myanmar:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Singapore (Singapore) | ||
Yangon (Myanmar) | ||
Yangon (Myanmar) | ||
Yangon (Myanmar) |
Acquisitions in Myanmar
In the year 2023, till August 2023, 1 acquisition happened in Myanmar. Last year, in 2022, a total of 5 acquisitions happened in Myanmar.
Here are some recent, important acquisitions in Myanmar:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Aug 30, 2023 | ||
Management Buyout | Oct 18, 2022 | - | |
Management Buyout | Oct 18, 2022 | - | |
Business Acquisition | Sep 13, 2022 | ||
Business Acquisition | Jul 05, 2022 | - |
IPOs in Myanmar
In the year 2018, till January 2018, 1 IPO happened in Myanmar. In its previous year, in 2017, a total of 2 IPOs happened in Myanmar.
Here are some recent, important IPOs in Myanmar:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Jan 26, 2018 | Stock Exchange of Thailand (SET) | |
Sep 01, 2017 | London Stock Exchange (LSE) | |
Aug 22, 2017 | London Stock Exchange (LSE) | |
Jul 06, 2015 | London Stock Exchange (LSE) | |
Jun 27, 2013 | London Stock Exchange (LSE) |
Top News about startups in Myanmar
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Wave Money Doubled Its Transaction Volume Last Year at US$ 8.7 BillionFinTechnews•Jan 08, 2021•Wave Money
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Ant Financial Services Group’s US$73.5 Million Investment In Digital Money MyanmarGlobal Legal Chronicle•Jun 16, 2020•Ant Financial, Clifford Chance, Wave Money, Telenor and 1 other
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