Burma's JobNet.com.mm recently announced it has secured a seven-digit Series A investment, led by institutional investors with strong past experience in developing successful online classifieds businesses worldwide.
Just over two months ago, ShweProperty.com, led by Justin Sway, CEO of both JobNet.com.mm and ShweProperty.com, which fall under the venture umbrella of MMOne Online Co Ltd, received a six-digit sum from some institutional investors as well.
Matt De Luca, managing director of JobNet Myanmar stated, “We are very pleased with the latest round of funding. It will help us to further accelerate our strategy as the number one jobs and online employment portal in Myanmar."
JobNet Myanmar started out with a seed funding in January 2013 through Sway’s own financing. In May 2015, it scooped up a second round of funding led by Sway and Jonah Levey, founder of Vietnamworks.com, a leading job site in Vietnam.
Prior to leading MMOne Online, Sway founded FastTrack, a leading provider of integrated platform for recruitment, payroll, billing and finance for the staffing industry in Australia and New Zealand. He exited the firm in 2014 for about $24 million.
JobNet Myanmar claims to attract over 400,000 visits generating around 45,000 plus job applications a month. Its sister company, ShweProperty.com, claims to have attracted 700,000 visitors in a month last year.
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