(L-R) Joosk CEO Thet Paing Kha, Nest Tech’s Soe Moe Kyaw Oo, EME’s Hitoshi Ikeya and Joosk CSO Zeyah Htet
Joosk Studio, an animation startup based in Myanmar, has secured a “six-figure” US dollar in equity investment led by Nest Tech VN.
EME Myanmar, which invested into Joosk last year, also joined this round.
“At Joosk, we use humour 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 Thet Paing Kha, CEO of Joosk Studio.
“We see that Nest Tech have a lot of digital skills that could help Joosk with digital merchandising and discovering new ways to entertain our audience outside of traditional approaches,” he added.
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Joosk Studio is a creative digital animation agency founded and run by artists Thet Paing Kha and Zeyar Htet. The company has worked with companies, including Facebook, CB Bank and Telenor, as well as NGOs, UN agencies and the World Bank Group.
In September 2019, Joosk’s proprietary animation series Sassy Bound won the ‘Myanmar Influencer of the Year Award for Art and Design’. Joosk is doubling down on its popular comic series and producing Sassy Bound The Movie while continuing to grow its core agency business.
Joosk’s debut into cinema will bring Myanmar’s first feature-length animation to viewers across the country. Sassy Bound The Movie will hit theatres nationwide sometime in 2021.
Nest Tech VN’s Managing Partner Soe Moe Kyaw Oo has invested in several Myanmar startups, with this investment into Joosk marking the fifth company in the Nest Tech VN Myanmar portfolio.
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Image Credit: Joosk Studio
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