Asia PacificNews

Myanmar-based Yangon Broom raises undisclosed third round funding

Yangon: Yangon Broom, a Myanmar-based company, today announced in its press statement that it has raised an undisclosed third funding round led by Yangon Capital Partners, the investment arm of a financial advisory company Trust Venture Partners.

Other backers include existing investors such as Emerging Markets Entrepreneurs (EME) and NestTechVN, who had previously invested five-figure funding round in the startup in August 2019.

The new capital will be used by the startup to launch a training school that will train people in high-quality cleaning services. It is also set to launch its own mobile app.

Founded in 2016, Yangon Broom is an on-demand quality household cleaning service, which manages hundreds of maids on their platform. Its clients range from households to SMEs and schools.

 

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