Myanmar Comic Reader Application raises $140,000 from Angels

White Merak, Myanmar’s First Ever Animated Comic and Mobile Entertainment Platform, received a 6-figure funding of $140,000 from 5 local tech investors in return for 23% equity on Thursday 06 July 2017. This makes White Merak’s post money valuation to $600,000.

White Merak team, Phandeeyar Accelerator Cohort 1

Guess who the angels are? Young and famous tech leaders from Myanmar’s startup scene. The list includes Kyaw Tha, Managing Director of KTS Myanmar, Thar Htet, Managing Director at Zwenexsys, ltd., Htoo Myint Naung, CEO of Technomation, Kyaw Thu Aung Ba, VR & AR investor, and Mike Myat Min Han, Founder of Cars DB,

Read the coverage on Tech In Asia (https://goo.gl/uCvmWP), DealStreet Asia story (https://goo.gl/nzdzWN), Frontier Myanmar story (https://goo.gl/xdWeA3)

Aung Ye Kyaw, CEO of White Merak, pitching on Phandeeyar Accelerator Demo Day

White Merak gained over 10,000 active users during their 6-month journey at Phandeeyar Accelerator Cohort 1. (Learn more about Phandeeyar Accelerator: accelerator.phandeeyar.org)

Through the mobile app, White Merak offers many series of animated comics written by its in-house team of artists, and famous Myanmar authors and cartoonists. Along with 3 other startups from Phandeeyar Accelerator Cohort 1, White Merak pitched to a network of over 30 local and international investors on Phandeeyar Accelerator Demo Day, the largest gathering of tech investors in Myanmar, which was held 03 March 2017. (Learn more about Phandeeyar Accelerator Demo Day: (link)]

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