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Myanmar Online Creations secure Series A funding from BOD Tech

Myanmar Online Creations (MOC), one of the country’s first online publishers which provides local content recently announced that venture capital firm BOD Tech has joined its six-digit Series A round closed earlier this month.

The deal was finalized in mid-June, and others who participated in the round include Yangon-based financial advisory firm Trust Venture Partners, and Thaung Su Nyein, the CEO of Information Matrix which produces the 7 Day Journal.

MOC said that the capital from the Series A is intended for its plan to launch up to 10 applications and to set up a broader business plan for 2018.

In fact, the startup already owns five local platforms and applications launched to date since February 2017. These include Onlyinburma.com, a Burmese content portal for the locals in Yangon and Lolburma.com, a social media content platform which allows users to upload funny videos and pictures.

The remaining three sites are Langyaung.com, a business directory listing page which includes accurate GPS mapping for all local businesses; serious dating site Phoosar.com; and ezdin-gar.com, a billing payment system based on QR codes.

“We feel a great synergy and opportunity between the current content and technology of the properties within the BOD portfolio and MOC’s current 5 online sites,” said Win Ohn, the Founder and CEO of Myanmar Online Creations.

Meanwhile, BOD Tech owns flymya.com – a one-stop platform for flight and travel bookings. Aside from MOC, the company has also backed a number of tech-based startups including shopmyar.com, Yangondoor2door, Laundary.com.mm and Star Ticket.

Mike Than Tun Win, the Founder of BOD Technology Company said, “We will be contributing our content and do cross products partnership with MOC products.”

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