Korea’s Yello Mobile Raises $47M More At A $4B Valuation Led By Formation 8

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Korea’s Yello Mobile has made a name for itself raising $100 million and using it to hoover up more than 80 startups to build its mobile apps business, which now serves 18 million users. Now, Yello Mobile is raising again: it has racked up another $47.2 million in financing, led by existing investor Formation 8. The funding comes as convertible debt at a $4 billion valuation.

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I am interested in applying design thinking to the business. I love to code in Central Park on weekends and build something people love to use. You can reach me at sehwan@techforkorea.com

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