Bespin Global seeks to raise $85 mil in new funding South Korea-based cloud MSP is sounding out potential investors
Translated by Ryu Ho-joung 공개 2021-10-21 08:06:54
이 기사는 2021년 10월 21일 08:04 thebell 에 표출된 기사입니다.
Bespin Global, a South Korean cloud managed service provider (MSP), has begun sounding out potential investors to raise 100 billion won ($85 million) or more in a new funding round, according to industry sources.BDA Partners, which is advising the company on the funding round, sent out a teaser earlier this month. It plans to receive proposals from potential investors by the end of this month, with due diligence expected to start in November.
Bespin Global is said to be seeking a valuation that is slightly higher than what it was valued in the previous Series C round, where it raised 90 billion won from SK Telecom China and existing investors. That brought the total raised by the company to date to 217 billion won.
Bespin Global is well-positioned to benefit from the fast-growing cloud market, with the Covid-19 pandemic accelerating the shift by companies to cloud-based services. The market is expected to surpass 5 trillion won by 2025.
Strong growth potential of cloud computing has increased the attractiveness of cloud MSPs. Singapore-based private equity firm Affirma Capital acquired a minority stake in Metanet Tplatform this summer. Megazone Cloud also raised 190 billion won from more than 30 investors in its recent Series B round.
Bespin Global has focused on global expansion in recent years. More than 20% of its customer base is companies in overseas markets including Japan, Southeast Asia and the Middle East. It is looking to enter the US market, which is expected to help boost the company’s overseas revenue.
“Bespin Global provides high quality and professional services, which are also price competitive,” an industry insider said. “This appeals to many overseas companies, helping speed up its expansion to overseas markets.”
Bespin Global is also expanding its customer base to include public institutions in an effort to diversify revenue sources. The company’s global partners include Amazon Web Services, Microsoft Azure and Google Cloud Platform. (Reporting by Seon-young Kim)
< 저작권자 ⓒ 자본시장 미디어 'thebell', 무단 전재, 재배포 및 AI학습 이용 금지 >
관련기사
best clicks
최신뉴스 in 전체기사
-
- [2023 더벨 글로벌 투자 로드쇼-인도네시아]인니 정부, 친기업 정책 드라이브에 뜨거운 관심 '체감'
- [2023 더벨 글로벌 투자 로드쇼-인도네시아]"유망 스타트업 양성소, 글로벌 투자 거점 부상"
- [2023 더벨 글로벌 투자 로드쇼-인도네시아]"철저히 투자금융 관점서 봐야, 전략적 접근시 유리"
- [2023 더벨 글로벌 투자 로드쇼-베트남]신용보증기금, 중기 베트남 진출 지원에 팔 걷었다
- [2023 더벨 글로벌 투자 로드쇼-베트남]인프라·산업 투자 증가, 부동산 가격 상승 견인
- [2023 더벨 글로벌 투자 로드쇼-베트남]떠오르는 신규 투자처 '온실가스 감축 프로젝트'
- [2023 더벨 글로벌 투자 로드쇼-베트남]VITASK, 베트남 현지 기업 생산·기술력 개선 앞장
- [2023 더벨 글로벌 투자 로드쇼-베트남]급성장 '핀테크' 산업, 전자 결제·P2P·초단기 분야 각광
- [2023 더벨 글로벌 투자 로드쇼-베트남]진출 계획시 세무 접근 필요, '우대세율·감면' 활용해야 '득'
- [2023 더벨 글로벌 투자 로드쇼-베트남]한국이 투자 주춤할 때 태국은 과감히 '베팅'