1. Deals Analysis
May 16, 2022

Technology industry venture financing deals total $126.2m in Republic of Korea (South Korea) in April 2021

By Carmen

Total technology industry venture financing deals worth $126.2m were announced in Republic of Korea (South Korea) in April 2021, led by $28.08m venture financing of Kmong, according to GlobalData’s deals database.

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The value marked a decrease of 48.1% over the previous month of $243.07m and a drop of 8.4% when compared with the last 12-month average of $137.79m.

Republic of Korea (South Korea) held a 0.58% share of the global technology industry venture financing deal value that totalled $21.68bn in April 2021.

In terms of venture financing deal activity, Republic of Korea (South Korea) recorded 31 deals during April 2021, marking a decrease of 13.89% over the previous month and a drop of 11.43% over the 12-month average.

Republic of Korea (South Korea) technology industry venture financing deals in April 2021: Top deals

The top five technology industry venture financing deals accounted for 55.6% of the overall value during April 2021.

The combined value of the top five technology venture financing deals stood at $70.21m, against the overall value of $126.2m recorded for the month.

The top five technology industry venture financing deals of April 2021 tracked by GlobalData were:

1) InterVest,K Partners,Korea Development Bank,Mirae Asset Venture Investment and Premier Partners $28.08m venture financing deal with Kmong

2) The $13.87m venture financing of Copin Communications by Daekyo Investment,Hyundai Investment Partners,KB Investment,Shinhan Capital,Stick Ventures and WONIK Investment Partners

3) DSC Investment and InterVest $11.25m venture financing deal with Catch Table

4) The $9m venture financing of Brandy by Korea Development Bank

5) Hashed,Kakao Ventures,KB Investment & Securities,Shinhan Venture Investment and WE Ventures $8.01m venture financing deal with Haybeat

Verdict deals analysis methodology

This analysis considers only announced and completed artificial intelligence deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.

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