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General Fusion Closing Oversubscribed $130 Million Transitional Financing Round

General Fusion Closing Oversubscribed $130 Million Transitional Financing Round

VANCOUVER, British Columbia, Nov. 30 (Korea Bizwire) — General Fusion announced today it is closing an oversubscribed $130 million (USD) Series E funding round filled by a new syndicate of global investors. This financing, led by Temasek, significantly expands the company’s portfolio of institutional, sovereign, family office, and high net worth investors, providing the prelude [...]

OTA Insight Raises $80M Series B Funding from Spectrum Equity to Bring Data-Driven Decisions to Hospitality Industry

OTA Insight Raises $80M Series B Funding from Spectrum Equity to Bring Data-Driven Decisions to Hospitality Industry

LONDON, England, Nov. 18 (Korea Bizwire) – OTA Insight, the global leader in cloud-based hospitality business intelligence, has raised $80 million from Spectrum Equity, a leading growth equity firm focused on internet-enabled software and transformational data companies. Spectrum Equity joins existing OTA Insight investors Eight Roads, F-Prime Capital and Highgate Technology Ventures. This latest investment will [...]

mimik Technology Closes $14.3 Million Extended Series A Funding Round Led by Pier 88

mimik Technology Closes $14.3 Million Extended Series A Funding Round Led by Pier 88

SAN FRANCISCO, Nov. 3 (Korea Bizwire) — mimik Technology, Inc., a pioneer in hybrid edge cloud technology and business solutions, today announced a $14.3 million Series A funding round led by Pier 88 Investment Partners, a San Francisco-based alternative investment management firm. Other participants include Cathie Wood, Founder, CIO and CEO of ARK Invest and [...]

Devo Announces $250 Million Funding Round Led by TCV

Devo Announces $250 Million Funding Round Led by TCV

CAMBRIDGE, Mass., Oct. 26 (Korea Bizwire) – Devo Technology, the cloud-native logging and security analytics company, today announced $250 million in Series E funding at a valuation of $1.5 billion. TCV led the round, along with new investors General Atlantic and Eurazeo and existing investors Insight Partners, Georgian, Bessemer Venture Partners, and Kibo Ventures.   The round brings the total capital raised to more than $400 million. The [...]

Element Finance Raises Second Fund to Lend $40M to Growing SaaS Companies

Element Finance Raises Second Fund to Lend $40M to Growing SaaS Companies

SAN ANTONIO, Oct. 12 (Korea Bizwire) – Element Finance, a leading provider of growth funding offering flexible and capital-efficient venture debt and revenue-based finance solutions, has announced the raise of its second fund, giving it access to over $40 million. The investment comes from both new and original investors from the firm’s initial $14.5 million fundraising effort.  [...]

Danggeun Market’s Valuation at 3 tln Won in Latest Funding

Danggeun Market’s Valuation at 3 tln Won in Latest Funding

SEOUL, Aug. 18 (Korea Bizwire) — Danggeun Market Inc., the company behind South Korea’s popular online secondhand marketplace, said Wednesday it raised 179 billion won (US$153 million) in additional funding that puts its valuation at roughly 3 trillion won. The Seoul-based startup said it secured new funds from new investors DST Global, Aspex Management and [...]

JW Player Raises $100M in Series E to Help Fuel Growth in the Rapidly Expanding Digital Video Economy

JW Player Raises $100M in Series E to Help Fuel Growth in the Rapidly Expanding Digital Video Economy

NEW YORK, June 24 (Korea Bizwire) – JW Player, the leading video software and data insights platform, today announced it has raised $100M in Series E funding from LLR Partners. The latest investment comes on the heels of record video streaming growth and strong profitability during the previous 12 months. With this financing, JW Player will accelerate product [...]

Viva Republica’s Valuation at Over 8 tln Won in Additional Funding

Viva Republica’s Valuation at Over 8 tln Won in Additional Funding

SEOUL, June 23 (Korea Bizwire) — Viva Republica Inc., the operator of popular South Korean financial app Toss, said Wednesday it has raised 460 billion won (US$407.5 million) in its latest funding with a valuation at 8.2 trillion won. The latest funding boosts Viva Republica’s valuation by nearly three times since its previous funding in [...]

SafeAI Announces $21 Million in Series A Funding to Meet Rising Demand for Autonomous Heavy Equipment

SafeAI Announces $21 Million in Series A Funding to Meet Rising Demand for Autonomous Heavy Equipment

MILPITAS, Calif., June 22 (Korea Bizwire) – SafeAI, a global leader in autonomous heavy equipment, today announced $21 million in Series A funding led by Builders VC following a year of significant company growth. The new capital will be used to advance the company’s interoperable autonomous technology through accelerated research and development, and fuel global expansion to meet [...]