Joosk Studio, a Myanmar-based digital animation company, has raised a six-figure investment in a funding round led by Vietnam-based venture capital firm Nest Tech VN, according to a company announcement.
Joosk Studio is a creative digital animation agency founded and run by artists Thet Paing Kha and Zeyar Htet.
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.
Joosk Studio’s animation, Sassy Bound The Movie, will be in theaters nationwide by 2021, according to Thet Paing Kha, CEO of Joosk.
The company’s sticker packs have been downloaded millions of times, and their weekly animation series have regular audiences in the thousands.
In September 2019, Joosk’s proprietary animation series Sassy Bound won the ‘Myanmar Influencer of the Year Award for Art and Design’. The company is doubling down on its popular comic series and producing Sassy Bound The Movie while continuing to grow its core agency business.
“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 CEO of Joosk Studio.
“We see that Nest Tech has 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 said.
He added that the company is also looking to find new ways to serve its business clients.
Joosk is Nest Tech VN’s fifth portfolio company in Myanmar. Existing investor Emerging Markets Entrepreneurs (EME) also participated in the round.
The firm last raised an undisclosed amount of funding in 2018 in a round led by EME, an investment firm for early-stage Myanmar startups.