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Jebsen Group and MIRAE ASSET led a Series B3 funding round in Tikin Media.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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marketing solutions

Private

China

Completed

Friendly

Venture Capital

media and entertainment

Acquisition

Entertainment

Domestic

Private Equity

Minority

Synopsis

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Jebsen Group, a marketing, investment, and distribution organisation, and MIRAE ASSET, a provider of comprehensive financial services including asset management, wealth management, investment banking, and life insurance, led a Series B3 funding round in Tikin Media, a provider of elevator marketing solutions. Additional investors include SDIC Venture Capital and Mingyu Venture Capital. This round of financing is mainly used to expand the scale of the position, and at the same time for hardware iteration and digital new technology research and development. The company expects to reach the goal of covering nearly 100 cities, more than 100k elevators (mainly office buildings), and more than 100m people in nearly 100 cities around the world within one year.

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