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Phandeeyar accelerator stocks pipeline of Myanmar tech startups

Venture funds like Omidyar Network, Singapore-based Red Dot Ventures, and Thailand-based Digital Ventures are rallying behind Myanmar’s first tech accelerator.

The investors attended Phandeeyar’s recent demo day for its first cohort of startups.

That was a milestone for unlocking startup capital in the once-isolated country formerly known as Burma, according to Phandeeyar’s Jes Kaliebe Petersen.

“Getting a tech business in Burma funded has been hard — and a tech startup even harder,” he said.

Phandeeyar’s first cohort included Chae Sat, an online platform that connects 2,700 freelancers with contract work at 500 companies in Myanmar.

EzStay, an Airbnb-like platform, allows travelers to book rooms in hotels, guesthouses and private homes.

Phandeeyar launched its accelerator last year with a $2 million grant from Omidyar Network.

This post originally appeared in ImpactAlpha’s daily newsletter. Get The Brief.

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