Rebellions Inc announced that it expects to receive funding from a group of investors

Rebellions Inc announced that it will receive Series A round of funding on June 2, 2022.

On the same day, the company has received KRW 62,000,000,000 in its first tranche from new investors Pavilion Capital Fund Holdings Pte. Ltd, Korea Development Bank, Investment Arm, SV Investment Corporation, Mirae Asset Capital Co,Ltd., Investment Arm, Mirae Asset Venture Investment Co., Ltd., IMM Investment Corp., KB Investment Co., Ltd., KT Investment Inc., returning investors Kakao Ventures Corp., GU Equity Partners LLC,and Seoul Techno Holdings, Inc.. The round was oversubscribed. The company has raised a funding till date of KRW 100,000,000,000. The company raised the funding at a post-money valuation of KRW 325,000,000,000. The company intended to raise KRW 4,966,644,400,000 ($40,000,000) initially.