1. Deals Analysis
February 18, 2021

Technology industry venture financing deals total $138.53m in Republic of Korea (South Korea) in January 2021

By Carmen

Total technology industry venture financing deals worth $138.53m were announced in Republic of Korea (South Korea) in January 2021, led by $18.39m venture financing of Green Tech, according to GlobalData’s deals database.

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The value marked a decrease of 29.8% over the previous month of $197.31m and a rise of 21% when compared with the last 12-month average of $114.5m.

Republic of Korea (South Korea) held a 0.97% share of the global technology industry venture financing deal value that totalled $14.35bn in January 2021.

In terms of venture financing deal activity, Republic of Korea (South Korea) recorded 24 deals during January 2021, marking a decrease of 40.00% over the previous month and a drop of 25.00% over the 12-month average.

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

The top five technology industry venture financing deals accounted for 56.7% of the overall value during January 2021.

The combined value of the top five technology venture financing deals stood at $78.51m, against the overall value of $138.53m recorded for the month.

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

1) Hashed, Magnine Investment and Main Street Investment’s $18.39m venture financing of Green Tech

2) The $18.2m venture financing of Triple by DSC Investment, KB Investment, KBridge Investment, Korea Investment Partners, KTB Network, Smilegate Investment and Yanolja

3) Cheongdam-learning 1750, EZF Partners, Kim Sang-beom and Quad Asset Management’s $17.48m venture financing of AKA AI

4) The $12.74m venture financing of Dable by K2 Investments, Kakao Ventures, KB Investment and Sv Investment

5) Hana Ventures, Lighthouse Venture Group, Murex Partners, SK D&D and SoftBank Ventures Asia’s venture financing of How Build for $11.7m.

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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