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Corporate Venture
ktinvestment.co.kr

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Investments

57

Portfolio Exits

4

Funds

1

About kt investment

kt investment is the corporate venture arm of KT Corporation (KRX: 030200) (NYSE: KT) (LSE: KTCD).

kt investment Headquarter Location

6, Yulgok-ro, Jongno-gu Twin Tree Tower Building A 13F

Seoul, 03142,

South Korea

+82 02-739-8356

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Latest kt investment News

KT to Set up KT Cloud to Expand Cloud and IDC Business

Feb 16, 2022

KT to Set up KT Cloud to Expand Cloud and IDC Business Share KT to Set up KT Cloud to Expand Cloud and IDC Business By Kim Eun-jin KT will establish KT Cloud by spinning off its cloud/internet data center (IDC) business. KT announced on Feb. 15 that it will establish KT Cloud, a new corporation, by spinning off its cloud/internet data center (IDC) business through stock distribution. Yoon Dong-sik, a vice president with expertise in the cloud business, was tapped as first president of the new company. KT will push for a revision of its articles of association at its regular general shareholders’ meeting in March to introduce dividend in kind of subsidiary shares. The move is intended to enhance corporate value. “With the launch of this new corporation, we will create new business opportunities in the rapidly growing cloud/IDC market through aggressive investment and cooperation with partners,” Yoon said. Meanwhile, KT said it will participate in a capital increase of 500 billion won by Megazone Cloud, Korea’s No. 1 cloud managed service provider (MSP), along with MBK Partners and IMM Private Equity (PE). KT’s investment this time amounts to 130 billion won. Earlier, when Megazone Cloud attracted Series A investment, KT indirectly participated through its subsidiary KT Investment. Yoon Dong-sik, inaugural CEO of KT Cloud

kt investment Investments

57 Investments

kt investment has made 57 investments. Their latest investment was in A Closet as part of their Series A on May 5, 2022.

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kt investment Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/4/2022

Series A

A Closet

$2.4M

Yes

2

3/28/2022

Series B

ARTNGUIDE

$13.88M

Yes

2

2/22/2022

Series B

Adriel

$12.57M

Yes

1

1/28/2022

Series B

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$99M

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10

12/21/2021

Series B - II

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$99M

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10

Date

5/4/2022

3/28/2022

2/22/2022

1/28/2022

12/21/2021

Round

Series A

Series B

Series B

Series B

Series B - II

Company

A Closet

ARTNGUIDE

Adriel

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Amount

$2.4M

$13.88M

$12.57M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

2

2

1

10

10

kt investment Portfolio Exits

4 Portfolio Exits

kt investment has 4 portfolio exits. Their latest portfolio exit was Cookat on January 13, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

1/13/2022

Acquired

$99M

2

11/17/2020

Acquired

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10

10/16/2019

Acquired

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$99M

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10

4/12/2018

Acquired

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10

Date

1/13/2022

11/17/2020

10/16/2019

4/12/2018

Exit

Acquired

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

Acquirer

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Sources

2

10

10

10

kt investment Fund History

1 Fund History

kt investment has 1 fund, including IBK-KT Digital New Industry Investment Association Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

IBK-KT Digital New Industry Investment Association Fund

$34.52M

1

Closing Date

Fund

IBK-KT Digital New Industry Investment Association Fund

Fund Type

Status

Amount

$34.52M

Sources

1

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