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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
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
Get a longer list of companies

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
Seed
2821
Feb 28, 2024
Seed
9445
Mar 06, 2023
Seed
5499
Mar 06, 2023
See a more detailed list of funding rounds
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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:
See a more detailed list of investors

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
-
See a more detailed list of acquisitions

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)
See a more detailed list of IPOs

Top News about startups in Myanmar

View All Top News about startups in Myanmar

FAQs about Startups in Myanmar

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