SoftBank Ventures Asia and Kakao Ventures have joined a series D round that values the hyperlocal second-hand goods marketplace at $2.7bn.
Internet groups Kakao and SoftBank have taken part in a $162m series D round for South Korea-based e-commerce marketplace operator Danggeun Market, TechCrunch reported yesterday.
Venture capital firm DST Global led the round, which valued the business at $2.7bn and increased its total funding to $205m.
SoftBank and Kakao were represented in the round by corporate venturing subsidiaries SoftBank Ventures Asia and Kakao Ventures, respectively. Aspex Management, Reverent Partners, Goodwater Capital, Altos Ventures, Strong Ventures and Capstone Partners also backed…
