Announced
Completed
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Tags
Acquisition
blockchain technology
Private
Completed
Minority
Single Bidder
United States
Cross Border
Friendly
Payments / Commerce
Private Equity
Venture Capital
Synopsis
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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