Diversified conglomerate Mitsui has co-led a $40m series B round for Singapore-based internet connectivity and cloud services provider Campana Group with businessman U Thein Htwe.
Founded in 2014, Campana oversees an extensive fibre optic cable network that connects clients to the internet and enables its business customers to run virtual private networks.
The company is responsible for more than 4,000 km of fibre optic cable and provides cloud and data centre services. It will put the series B funding toward Sigmar, a submarine cable that will stretch between Burma and Singapore.
The equity funding was raised as Campana looks to secure a $40m debt facility. It has not publicly disclosed details of its earlier funding.