Daiwa PI Partners (DPI), an investment arm of Japan-based investment bank Daiwa Securities Group, has led a US$14.7 million investment in Myanmar-based online travel company Oway to support the company’s expansion. DPI contributed US$5 million, with the remaining funds coming from International Finance Corporation, Belt Road Investment Group and alternative investment fund managers NSI Ventures and Emerging Markets Investment Advisers (EMIA). EMIA invested through Cambodia-Laos-Myanmar Development Fund II. In addition to leading the investment, DPI will join the board of Oway.