MegazoneCloud is an IT venture focused on cloud services and is actively preparing to list on the KOSPI later this year. The firm is assembling a pre-IPO Series D round that blends equity and credit financing. Bain Capital has agreed to provide roughly KRW 5,000 billion in equity, while Glenwood Credit is discussing an additional KRW 8,000 billion credit commitment, resulting in a prospective KRW 1.3 trillion raise. Market observers expect the transaction to support a valuation above KRW 6 trillion, effectively setting the company’s reference price ahead of its public debut. Earlier rounds brought in Now IB Capital (Series A), Kakao Investment (Series B), and MBK Partners together with IMM Private Equity (Series C). The new capital is intended to strengthen the balance sheet and complete the last funding milestone before listing, with underwriters beginning valuation work in Q1. The article does not provide revenue, user, or other operating metrics.

Total raised

$167M

Funding rounds

2

Latest round

Series B

Latest activity

Dec 2020