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.