Myanmar startup Better HR secures 6-digit bridge funding for Asia expansion

Better HR, a cloud-based HR tech startup, has raised a six-digit USD funding in a bridge round from new and existing investors, such as Seed Myanmar Ventures, Blibros, and nexlabs.

The funds will be used to further fuel the expansion in other target markets across ASEAN and South Asia.

Better HR was conceived out of nexlabs, a digital agency in Myanmar. It later set up a separate entity, called Better Technologies, with Seed Myanmar Ventures as an angel investor in 2019 to push the product into the market.

Founded in September 2019, Better HR provides cloud-based enterprise web and mobile apps enabling organisations to streamline HR processes for SMEs, such as attendance, leave, overtime, and payroll.

Also Read: How your HR team can help with crisis management

The firm claims that more than 200 companies across Myanmar, Sri Lanka, and Vietnam use its products to manage over 35,000 employees and process over US$2m salaries per month.

“Our clients are using Better HR to keep up with employee communications and HR processes going despite having to work remotely. That gave us the confidence to move forward and raise another round to accelerate the growth,” said Ye Myat Min, chairman of Better HR.

In 2019, Better HR raised a six-digit seed round funded by Seed Myanmar Ventures.

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Better HR, a cloud-based HR tech startup, has raised a six-digit USD funding in a bridge round from new and existing investors, such as Seed Myanmar Ventures, Blibros, and nexlabs.

The funds will be used to further fuel the expansion in other target markets across ASEAN and South Asia.

Better HR was conceived out of nexlabs, a digital agency in Myanmar. It later set up a separate entity, called Better Technologies, with Seed Myanmar Ventures as an angel investor in 2019 to push the product into the market.

Founded in September 2019, Better HR provides cloud-based enterprise web and mobile apps enabling organisations to streamline HR processes for SMEs, such as attendance, leave, overtime, and payroll.

Also Read: How your HR team can help with crisis management

The firm claims that more than 200 companies across Myanmar, Sri Lanka, and Vietnam use its products to manage over 35,000 employees and process over US$2m salaries per month.

“Our clients are using Better HR to keep up with employee communications and HR processes going despite having to work remotely. That gave us the confidence to move forward and raise another round to accelerate the growth,” said Ye Myat Min, chairman of Better HR.

In 2019, Better HR raised a six-digit seed round funded by Seed Myanmar Ventures.

Ready to meet new startups to invest in? We have more than hundreds of startups ready to connect with potential investors on our platform. Create or claim your Investor profile today and turn on e27 Connect to receive requests and fundraising information from them.

Image Credit:

The post Myanmar startup Better HR secures 6-digit bridge funding for Asia expansion appeared first on e27.

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