Asia Digest: S Korea’s Dable raises $12m; Adamantem Capital sells stake in Servian

Photo by Josh Appel on Unsplash

South Korea’s Dable has raised $12 million in its Series C funding round led by SV Investment. In a separate development, Australian private equity firm Adamantem Capital has agreed to sell its stake in local data analytics consultancy Servian to US-based company Cognizant for an undisclosed sum.

South Korea’s Dable raises $12m Series C

South Korea-based content discovery platform Dable has raised $12 million in its Series C round, with a valuation of over $90 million, according to an announcement.

The round was led by SV Investment with participation from new investors including KB Investment and K2 Investment Partners, as well as existing backer Kakao Ventures.

Dable closed its Series B round, which totaled $5.4 million, in April 2018. To date, the company has raised a total exceeding $20 million.

Established in 2015, Dable plans to use the funding to promote its label in Asia. Besides its home market, Korea, it operates in Japan, Taiwan, Indonesia, Vietnam, and Malaysia through partnerships with over 2,500 premium media.

Adamantem Capital sells Servian to Cognizant

Australian private equity firm Adamantem Capital has agreed to sell its stake in local data analytics consultancy Servian to US-based company Cognizant for an undisclosed sum.

The PE firm invested in Servian in 2018. Servian is a Sydney-based privately-held enterprise transformation consultancy specialising in data analytics, artificial intelligence, digital services, experience design, and cloud.

Cognizant said that the acquisition of Servian significantly will help it expand operations in Australia and New Zealand.

To date, Servian has worked with more than 190 major companies in ANZ in the banking, telecommunications, insurance, retail, and government sectors, including eight of ANZ’s 15 largest companies.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.