Nest Tech invests in Joosk studio
Joosk Studio, a Myanmar-based digital animation company, announced that it has raised a six-figure investment in a funding round led by Vietnam-based venture capital firm Nest Tech VN. Existing investor Emerging Markets Entrepreneurs (EME) also participated in the round.
Nest Tech invests in Joosk studio (Photo credit: EME)
Founded in 2015, Joosk runs a Facebook comic series while providing agency work to clients such as Facebook, CB Bank, Telenor, as well as NGOs, UN agencies, and the World Bank Group.
In September 2019, its proprietary animation series, Sassy Bound, won the Myanmar Influencer of the Year 2018 award in art and design. Since then, the startup has been doubling down on its comic series and producing Sassy Bound The Movie, a feature-length animation film, while continuing to grow its core agency business.
Sassy Bound The Movie will be in theaters nationwide by 2021, according to Thet Paing Kha, CEO of Joosk.
“At Joosk, we use humor and illustration to reach audiences and share messages. We’ve been running our Facebook comic series alongside our agency work for a while now and this latest investment lets us develop that side of the company to bring our audience something bigger than they’ve ever seen before,” said the chief exec.
He added that the company is also looking to find new ways to serve its business clients.
Joosk is the fifth company in Nest Tech’s portfolio, according to a statement. It previously secured an undisclosed amount of funding from EME in 2018.
Nest Tech VN’s Managing Partner, Soe Moe said, “Joosk have created a great business, serving high profile brands with their unique and funny animation. We’re excited to be a part of this movie, as well as helping Joosk to continue to build their creative agency”.
Source from mmtimes.com