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Dable raises US$12M Series C round

South-Korea: Dable, a South Korea-based content discovery platform, announced today it has raised US$12 million in a Series C funding round at a valuation of more than US$90 million.

The round was led by Korean VC fund SV Investment, alongside new investors KB Investment and K2 Investment Partners. Returning investor Kakao Ventures also participated.

Dable said in a statement it plans to utilize the fresh financing to accelerate international expansion into six additional countries, including Hong Kong, Singapore, Thailand, China, Australia, and Turkey in 2021.

Founded in 2015, Dable recommends “high-quality” personalized 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.

“Dable’s personalized recommendation solution contributes to improving the media’s competitiveness, enhancing advertisers’ performance, and increasing user satisfaction on the internet,” said Chaehyun Lee, CEO of Dable.

Source
e27

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