Six figure funding for freelancer platform Chate Sat

Chate Sat (chatesat.com), Myanmar’s first ever Freelancing Platform, received a six figure funding from 3 local and international venture capital firms on Thursday 06 July 2017. Congratulations, Honey Mya Win and team!

 
Chate Sat Team at Chate Sat Office_Photo credited to Phandeeyar Myanmar Innovation Lab_050717

The funding came from big international players and a new generation of Myanmar business leaders: Singapore-based Vulpes Investment Management Ltd., Theta Capital, and a Myanmar-based angel investor.

Vulpes and Theta have also committed to inject further funding for future rounds.

Cofounder and CEO of Chate Sat Honey Mya Win pitching to investors on Phandeeyar Accelerator Demoday_Photo credited to Phandeeyar Myanmar Innovation Lab_050717

Want to learn more? Read the DealStreet Asia Story here: https://goo.gl/KDmqJn. Read the Frontier Myanmar story here: https://goo.gl/VKrvJU

Chate Sat is one of the four startups from Phandeeyar Accelerator Cohort 1, which took place from September 2016 to March 2017. On the first day moving into Phandeeyar Accelerator, Chate Sat team launched chatesat.com. The website provides a platform for local freelancers and businesses to find or give freelance work. No need to give a huge sum to the middleman. Cool, huh?

Chate Sat had over 3,400 freelancers and 590 employers at the end of Phandeeyar Accelerator cohort 1. Now, they have over 4,600 freelancers and 770 employers currently using the platform. Their goals for 2017? To expand to Myanmar’s hottest job markets next to Yangon: Mandalay, Nay Pyi Taw, and Taunggyi. Their target? To sign up over 8,000 freelancers and 2,000 employers

For more information about Chate Sat, visit http://chatesat.com/ or their Facebook Page – https://www.facebook.com/ChateSat/.

Interested in applying to Phandeeyar Accelerator Cohort 2?

Applications for Cohort 2 of the Phandeeyar Accelerator will open on 8th June 2017, and will close on 31st July 2017. Up to 10 startups will be selected in August 2017. The six month program will begin in September 2017 and will culminate with an investor event in March 2018. For more information, visit: accelerator.phandeeyar.org