What We Do


We are active investors deploying patient capital to SMEs. We provide early, growth or late-growth expansion capital, especially for established businesses.


We leverage on our experience of investing in Myanmar, and from successfully investing in the past in emerging Asian markets, to help partners identify and execute the right strategic choices.

Anthem Expertise


We guide the creation of robust operational, corporate, financial and board governance approaches, structures and systems. We work with management to address challenges and bottlenecks as a new market emerges.


Our network of investment connections and industry experience mean our partners benefit from the opportunities and experiences of similar businesses in Vietnam, India, China and elsewhere in Asia.

Our Portfolio

Blink, a marketing agency with a special focus on the digital environment, is led by a well-connected young entrepreneur. This is a play on reaching Myanmar consumers as they develop digital lifestyles, especially through new mobile channels.

SolarHome is the pioneer in the Pay-As-You-Go provision of affordable solar energy and appliances for off-grid households in Myanmar. Its “rent-to-own” plans reach bottom-of-the-pyramid consumers, particularly opening up rural market opportunities.

Kyo Pay is an online marketplace for invoice receivables. This investment, using a proven technology platform, directly addresses business owners' need to boost cashflows in a market with few formal finance options, especially for MSMEs.

Myanmar’s first specialist social influencer management and digital music aggregation agency monetizes relations between brands and social influencers and artists. Piyawasa is a play on growing demand for more organised and more sophisticated marketing services.

Consumer spending power is growing as is interest in developing iconic local brands. Rangoon Tea House, a restaurant and lifestyle group, addresses both with food concepts that feature traditional Myanmar and Asia cuisines with a modern twist.

ERA Myanmar brings together Revo Tech, a well-established full-service creative digital agency, and Myanmar's top PR firm, Echo to offer high-quality integrated marketing communications campaigns to corporate clients. This brings together two market leaders in a fast-growing but fragmented sector.

Thalun International School offers a US-based education for pre-schoolers to high school students. This investment is positioned to meet growing demand from local and foreign families for quality schooling at affordable prices.

Xavey, a developer of a mobile data collection platforms that work both in Myanmar’s online and offline environments. This is a play on the increasing demand by commercial, financial, government and not-for-profit clients for reliable research and information.

Shan Orchard grows quality fresh Hass avocados and produces avocado oil that meet international standards. The firm has a first-mover opportunity in a premium agri-product category where Myanmar has natural advantages. It will also improve rural livelihoods.