# NEXlabs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/nexlabs

- Industry: Marketing/Advertising
- Headquarters: Rangoon, Myanmar
- Website: www.nexlabs.co
- Latest round: Seed (Jan 9, 2018)
- Investors on record: 2

## About

NEXlabs is a technology-focused firm based in Myanmar that offers innovative digital solutions, including HR software and eCommerce development, to enhance business operations across various sectors.Founded in 2013 and headquartered in Rangoon, Myanmar, NEXlabs provides digital solutions aimed at improving business efficiency. The company has not undergone any significant pivots or changes in operations. NEXlabs has raised a total of USD 150,000, all from a Seed funding round on January 9, 2018, with investors including Blibros. The company has successfully completed 3 deals to date.NEXlabs specializes in delivering digital solutions tailored for various sectors, with core offerings that include digital HR management software for streamlining processes like attendance tracking and workforce analytics. The company also develops eCommerce platforms, partnering with local retail and small businesses to establish online brands in Myanmar. Additionally, NEXlabs has created unique applications, such as Myanmar's first music application, a telemedicine app, and a microfinance application for offline access, serving a diverse clientele ranging from global brands to local startups across Southeast Asia.NEXlabs generates revenue through service-based transactions and partnerships with B2B clients and direct-to-consumer channels. Their business model includes subscription offerings for HR digitalization and project fees for eCommerce development. The company's revenue is bolstered by flagship products such as their acclaimed HR solution and various branded applications, positioning NEXlabs competitively in the digital transformation landscape in Myanmar and Southeast Asia.NEXlabs plans to leverage recent funding to enhance its product offerings and expand into new markets. The company is focused on launching new digital solutions, although specific product details and release dates have not been disclosed. By targeting additional markets within Southeast Asia, NEXlabs aims to strengthen its presence by the end of 2023. The funding raised in January 2018 will support these initiatives and facilitate the development of innovative applications that cater to emerging industry needs.

## Funding rounds

- Seed, Jan 9, 2018 — Vulpes Investment Management, Blibros

## Investors

- Vulpes Investment Management (https://capitalatlas.ai/funds/vulpes-investment-management) — Seed
- Blibros — Seed