Yello Mobile, South Korea’s Second Biggest Startup, Gets Another Investor At Its Steady But Lofty $4 Billion Valuation


South Korean startup unicorn Yello Mobile has brought another investor into its lineup, with global investment company Macquarie Capital adding $10 million in convertible bonds to the pool, the startup announced Friday. This is the fifth funding round in the past 12 months for the startup-of-startups holding company with the second-highest valuation in South Korea. With one round in December 2015, two in February and one in April, investments from these five rounds reach $140.2 million to push total funding past $300 million. The company says the newest funds are to continue normal business activity.

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