Myanmar’s Flexible Pass closed its first round of funding to expand into new cities and new markets. The Health and Fitness app announced a 6 digit first round of funding with a plan to expand its coverage to new cities and expand into new markets in Myanmar. Seed Myanmar (previously known as VIMIC) led the round and were joined by two other investors Yangon Capital Partners and Nest Tech. Seed Myanmar is a venture capital firm focused on early stage investments of technology start-ups in Myanmar. Yangon Capital Partners (YCP) is a subsidiary and investment arm of Trust Venture Partners (TVP). Flexible Pass currently has 80 gyms, fitness centers and hotels on board as its partners, offering fitness activities in 19 different categories on its system and handling thousands of bookings per month. Flexible Pass currently operates in Yangon in the fitness market and plans to use the funding received from the investors to expand both vertically into new markets such as beauty & lifestyle and horizontally into new cities such as Mandalay in 2019.

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