Joosk Studio secures funding in Nest Tech-led round
Myanmar-based animation startup Joosk Studio secured a “six-figure” US dollar in equity investment led by Vietnam-based venture capital firm Nest Tech VN, reported e27. Existing investor Emerging Markets Entrepreneurs-Myanmar (EME Myanmar) also participated in the round. “At Joosk, we use humour and illustration to reach audiences and share messages. We’ve been running our Facebook comic series alongside our agency work for a while now, and this latest investment lets us develop that side of the company to bring our audience something bigger than they’ve ever seen before,” Thet Paing Kha, CEO of Joosk Studio, was quoted as saying. “We see that Nest Tech have a lot of digital skills that could help Joosk with digital merchandising and discovering new ways to entertain our audience outside of traditional approaches,” he said. Joosk Studio is a creative digital animation agency working with companies, including Facebook, CB Bank and Telenor, as well as NGOs, UN agencies and the World Bank Group.