# Frontiir Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/frontiir-co

- Industry: Telecoms
- Headquarters: Rangoon, Myanmar
- Website: www.frontiir.com
- Total disclosed funding: $51M
- Latest round: Series C (Jun 3, 2022)
- Investors on record: 5

## About

Frontiir Co. Ltd. is a telecommunications company in Myanmar, providing integrated digital connectivity solutions. It focuses on delivering affordable broadband and various digital services to support users in urban and rural areas.Founded in 2013 in Rangoon, Myanmar, Frontiir Co. Ltd. specializes in digital connectivity solutions. The company has executed a total of 4 deals, with the most recent funding round occurring on June 3, 2022, where it raised USD 26.69 mn in Series C funding from investors including Alliance Asia Holdings Pte Ltd and Ascent Capital Partners, among others. The company's founders include Allen Miu, Minn Thein, and Wai Tan.Frontiir's core offerings include the Myanmar Net brand, which provides high-speed broadband services to approximately 2 million users, leveraging proprietary technology for efficient network deployment. The company also offers FinTech solutions through its Myanmar Cast mobile application, facilitating digital payments and mobile wallet services.Frontiir primarily generates revenue through its subscription-based internet services, catering to individual consumers and businesses. With monthly subscriptions starting at USD 0.13 per day, the company maintains a broad client base, including residential customers and SMEs, while partnering with local businesses to enhance digital payment solutions.In June 2022, Frontiir raised USD 26.69 mn in Series C funding to support its growth initiatives. The company plans to expand its digital service offerings and improve its existing infrastructure, aiming to launch new products and enhance connectivity for underserved regions in Myanmar. Specific targets for geographic expansion are yet to be publicly announced.

## Funding rounds

- Series C, Jun 3, 2022, $27M — British International Investment, Ascent Capital Partners, Beauty Noble Limited, Alliance Asia Holdings Pte Ltd
- Series B, Jun 1, 2018, $24M — Daiwa PI Partners, Beauty Noble Limited

## Investors

- Daiwa PI Partners (https://capitalatlas.ai/funds/daiwa-pi-partners) — Series B
- Beauty Noble Limited — Series B, Series C
- British International Investment — Series C
- Ascent Capital Partners (https://capitalatlas.ai/funds/ascent-capital-partners) — Series C
- Alliance Asia Holdings Pte Ltd — Series C