BUSI­NESS ALERTS

Mizzima Business Weekly - - CONTENTS -

An ex­ist­ing un­named London-based in­vestor has led a seven-fig­ure fund­ing round for Yangon-based prop­erty clas­si­fieds site Sh­weProp­erty to en­able it to pro­mote its lo­cal op­er­a­tions, DealStreetAsia re­ported cit­ing the com­pany’s an­nounce­ment. The fund­ing round was joined by Swe­den-based Vos­tok New Ven­tures and Kevin Goos, Sh­weProp­erty man­ag­ing direc­tor and pre­vi­ously CEO of the Cen­tury 21 Cam­bo­dia. “We are de­lighted to be in­vest­ing in the #1 Prop­erty Por­tal in Myan­mar. They have the strong­est man­age­ment team for on­line clas­si­fieds in the coun­try, and their busi­ness trac­tion is truly ex­tra­or­di­nary. We look for­ward to work­ing with the Sh­weProp­erty team to fur­ther grow and sup­port their busi­ness,” Per Bril­ioth, CEO of Vos­tok, was quoted as say­ing. Stock­holm-listed Vos­tok New Ven­tures is a ven­ture cap­i­tal firm spe­cial­is­ing in growth cap­i­tal. The Sh­weProp­erty team is led by CEO Justin Sway, founder and direc­tor Kaung Thu Win and Goos. Justin Sway in­vested an undis­closed six-digit sum in the startup in May 2015, ac­cord­ing to the news web­site.

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