se­cures seven-digit Se­ries A in­vest­ment

Mizzima Business Weekly - - BUSINESS ALERTS -

Myan­mar-fo­cused on­line job por­tal has se­cured a seven-digit Se­ries A in­vest­ment led by in­sti­tu­tional in­vestors with strong ex­pe­ri­ence in de­vel­op­ing suc­cess­ful on­line clas­si­fieds busi­nesses world­wide, re­ported the DealStreetAsia cit­ing the com­pany’s state­ment.“We are very pleased with the lat­est round of fund­ing. It will help us to fur­ther ac­cel­er­ate our strat­egy as the num­ber one jobs and on­line em­ploy­ment por­tal in Myan­mar,” said Matt De Luca, man­ag­ing di­rec­tor of JobNet Myan­mar.The job por­tal claims to at­tract more than 400,000 vis­its gen­er­at­ing around 45,000 plus job ap­pli­ca­tions a month. “We are de­lighted to wel­come our new in­vestors; it’s a real tes­ta­ment to the phe­nom­e­nal trac­tion and re­sults we have achieved. Our new in­vestors bring a wealth of knowl­edge and IP, with a proven track record in build­ing suc­cess­ful on­line job por­tal busi­nesses glob­ally,” said Justin Sway, CEO of “This, com­bined with our strong, lo­cal and nu­mer­ous years of busi­ness ex­pe­ri­ence, will fur­ther ac­cel­er­ate JobNet as the num­ber one player in the job por­tal space in Myan­mar.”

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