A total of 121 Private Equity/Venture Financing deals (pending and completed) were announced in the Technology, Media and Telecom of South Korea, driven by Artificial Intelligence, in the last twelve months resulting in a total deal value of over $1,646.8 million. In the LTM period, January 2022 turned out to be the most prolific in terms of deal size, with a total deal value of $285.3 million, resulting in an average deal value of $23.8 million during that month. On the other hand, the month of July 2021 was the most prolific in terms of deal volume, recording a total of 15 deals, resulting in an average deal value of $18.1 million during that month.
Of the 121 deals, the deal secured between SoftBank Corp and QRAFT Technologies, was the largest Private Equity/Venture Financing deal in the South Korea Technology, Media and Telecom sector driven by Artificial Intelligence, which was valued at $144.9 million and was completed on January 11, 2022. The second-largest deal was between LOTTE rental co ltd; Wonshinhan Connect New Technology Investment Association No. 1 fund and 42dot, while the third-largest deal was between Stonebridge Capital and Cloocus Co Ltd. The LOTTE rental co ltd; Wonshinhan Connect New Technology Investment Association No. 1 fund-42dot deal and the Stonebridge Capital-Cloocus Co Ltd deal were valued at $86.8 million and $84.0 million, respectively. The fourth-largest deal was between NHN Corp; SK E&S Co Ltd-Parking Cloud Co Ltd valued at $83.0 million, whereas the deal between Aion Bank; DSC Investment; Imm Investment Corp; KDB Industrial Bank; Korea Omega Investment Finance; Naver D2SF; Quantum Ventures Korea-FuriosaAI valued at $72.0 million was the fifth-largest deal.
Cumulatively, the top five deals amounted to $470.7 million and accounted for nearly 28.58% of the total deals (by value) announced during the last twelve months.
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