Kakao: Raised $90m funding

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kakao-raised-90m-funding

Kakao: Raised $90m funding

  • The initial funding round, from October to December 2018, reached its target despite the plunge in Bitcoin prices
  • Kakao considering bringing one of its services to the platform
  • Capital and private equity funds including IDG Capital, Cresendo Equity Partners and Translink Capital participated in the round
  • Tokyo-based Ground X plans to initially fill its platform, dubbed Klaytn, with services ranging from games to travel apps from third parties
  • Ground X has teamed up with 26 companies that will run their applications on the platform