Korea Development Bank led a KRW100b (~USD77m) pre-IPO round for South Korea-based real estate marketplace Zigbang with a KRW50b (~USD39m) investment at a reported KRW2.4t (~USD1.9b) post-money valuation. IMM Investment and Hana Financial Investment also participated, investing KRW40b (~USD31m) and KRW10b (~USD8m), respectively. Zigbang plans to acquire Samsung SDS’s IoT division for KRW130b (~USD100m) with the new funding. Read more