Announced
Completed
Financials
Sources
Tags
Cross Border
Private
online market place
Private Equity
Minority
E-commerce
Venture Capital
Completed
e-commerce
Friendly
South Korea
Acquisition
Synopsis
DST Global, a private equity firm, led a $162m Series D round in Karrot Market, a hyperlocal community app which offers a secondhand marketplace. Additional investors include Aspex Management, Reverent Partners, Goodwater Capital, Altos Ventures, SoftBank Ventures Asia, Kakao Ventures, Strong Ventures and Capstone Partners. The funding proceeds from the new round will be used for further global expansion, business diversification, R&D, investment in advanced artificial intelligence and machine learning technology and recruiting team talent.
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