Dable raises US$12M Series C

dable

Dable, a South Korean content discovery platform announced it has raised US$12 million in a Series C round. The round of financing was led by SV Investment with participation from KB Investment and K2 Investment Partners, and existing backer Kakao Ventures.

The round of funding brings the total amount of capital raised by the platform to startup to US$20 million and shot its valuation US$90 million.

Dable, a South Korean content discovery platform announced it has raised US$12 million in a Series C round. The round of financing was led by SV Investment with participation from KB Investment and K2 Investment Partners, and existing backer Kakao Ventures.

The round of funding brings the total amount of capital raised by the platform to startup to US$20 million and shot its valuation US$90 million.

Founded in 2015, Dable recommends “high-quality” personalised content to media, e-commerce and other content providers such as blogs and apps. This helps increase engagement rates, bringing in additional ad revenue for these media platforms.

According to the statement, the fresh capital will used to pursue the company’s global expansion agenda. It also noted the firm aims to complete its pan-Asia expansion by 2024, and aims to reach U.S. and European markets as well. In 2021, the company will be entering Hong Kong, Singapore, Thailand, China, Australia and Turkey.

“We are excited to lead Dable’s Series C investment and are impressed by the outstanding personalization technology it owns to help improve the media’s competition. We think it has the potential to become the No.1 content discovery platform in the near future and look forward to seeing the company advance,” Principal at SV Investment Joowan Jung said in the statement.

“Dable creates meaningful business performance by incorporating AI solutions into the media and advertising fields. It is a company whose future is highly anticipated,” said Kijun Kim, Partner at Kakao Ventures.

Founded in 2015, Dable recommends “high-quality” personalised content to media, e-commerce and other content providers such as blogs and apps. This helps increase engagement rates, bringing in additional ad revenue for these media platforms.

According to the statement, the fresh capital will used to pursue the company’s global expansion agenda. It also noted the firm aims to complete its pan-Asia expansion by 2024, and aims to reach U.S. and European markets as well. In 2021, the company will be entering Hong Kong, Singapore, Thailand, China, Australia and Turkey.

“We are excited to lead Dable’s Series C investment and are impressed by the outstanding personalization technology it owns to help improve the media’s competition. We think it has the potential to become the No.1 content discovery platform in the near future and look forward to seeing the company advance,” Principal at SV Investment Joowan Jung said in the statement.

“Dable creates meaningful business performance by incorporating AI solutions into the media and advertising fields. It is a company whose future is highly anticipated,” said Kijun Kim, Partner at Kakao Ventures.

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