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New Deal


Announced

Completed

Kora Management and SoftBank Vision Fund 2 led a $200m Series B round in Aleo.

Financials

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Transaction Value£147m
Consideration TypeCash
Capital Owned-
Capital Bid For14%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Private Equity

Completed

Minority

Cross Border

blockchain-based applications

Single Bidder

United States

Digital Services

Acquisition

Friendly

Synopsis

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Kora Management and SoftBank Vision Fund 2 led a $200m Series B round in Aleo, a platform for building private blockchain-based applications, with participation from Tiger Global, Sea Capital, Slow Ventures, Samsung Next and Andreessen Horowitz. "Our goal at Aleo is to build the foundations for the next generation of decentralized web applications. We want to use technologies, such as zero-knowledge proofs and blockchains, to create an ecosystem for developers that enriches and empowers users’ capabilities on the web," Howard Wu, Aleo CEO and CTO.

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