Delta Capital Myanmar led the latest fundraiser for Myanmar-based internet service provider Frontiir Co. Ltd., DealStreetAsia reported, citing a statement.
The private equity firm, through Myanmar Opportunities Fund II, invested more capital in Frontiir along with limited partners Investeringsfonden for Udviklingslande of Denmark and Norway-based Norfund. Frontiir will use the funding round's proceeds for its working capital as well as to expand its network.
The fundraiser's financial details were not disclosed.
Delta Capital Myanmar first backed Frontiir in a 2016 funding round, according to the report.
U.K.-based development finance institution CDC Group PLC led a US$30 million investment in Frontiir earlier in July.
