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New Deal


Announced

Completed

Naver led a $25m Series B round in TBCASoft.

Financials

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Transaction Value£17m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

blockchain technology

Private

Completed

Minority

Single Bidder

United States

Cross Border

Friendly

Payments / Commerce

Private Equity

Venture Capital

Synopsis

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Naver, a South Korean development conglomerate, led a $25m Series B round in TBCASoft, the cross-carrier blockchain technology company, with participation from SoftBank. Proceeds of the Series B will be used to step-up international expansion of the HIVEXTM Network, starting from the roll-out across Northeast Asia including Japan, South Korea and Taiwan, followed by Southeast Asia, and will also be used to attract additional talent and drive more innovations.

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