K-Pop
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South Korean K-Pop Company Afun Interactive Secures $5.3M Bridge Financing with Shinhan Asset Management
On March 13, the South Korean “virtual K-pop” yuan universe company Afun Interactive announced that it had completed a round A bridge financing of 7 billion won (about US $5.3 million), and Shinhan Asset Management participated in the investment. The company raised 10 billion won (about US $7.6 million) in the previous round A financing. At that time, the investors included CJ Investment, Company K Partners and CJ ENM. Afun Interactive, a company of Yuan Universe, completed the financing of round A bridge of US $5.3 million Analysis based on this information:Afun Interactive, the South Korean company that pioneers virtual K-Pop, has announced that it has completed a round A bridge financing of 7 billion won or approximately US $5.3 million, with Shinhan Asset Management contributing to the investment. The company, which raised 10 billion won or US $7.6 million in the previous round of financing, included CJ Investment, Company K Partners, and CJ ENM as investors. K-Pop, which stands…
