Phandeeyar raising external capital
Myanmar-based startup incubator Phandeeyar Accelerator, that has so far been making investments from its own balance sheet, is for the first time in talks to raise external money for its permanent capital vehicle to clock investments in early-stage tech ventures, its CEO Jes Kaliebe Petersen told DealStreetAsia in a chat. Phandeeyar, which means “Creative place”, has so far funded 17 local startups since its inception in 2015. Going forward, it expects to raise as much as $1-2 million from limited partners (LPs) to invest over the next few years.
Read more at: https://www.dealstreetasia.com/stories/phandeeyar-fundraising-163901/