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New Deal


Announced

Completed

Altos Ventures led a $168m Series C funding round in Kream.

Financials

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Transaction Value£137m
Consideration Type-
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Minority

Acquisition

E-commerce

Completed

South Korea

Venture Capital

Private Equity

Private

Friendly

reselling app

Cross Border

Synopsis

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Altos Ventures, a technology investment firm, led a $168m Series C funding round in Kream, a reselling platform, with participation from Naver, SoftBank Ventures Asia, Mirae Asset Capital, Samsung Securities and Axiom Asia. “Kream has tried to resolve the reliability of products and inconvenient transaction processes that customers felt most uncomfortable about while using C2C reselling platforms. Kream has secured the most data in South Korea to guarantee genuine products,” Mingook Kim, Kream Chief Business Officer.

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