Funding round
Rebellions Series A
Rebellions, which works in AI hardware manufacturing in Seongnam-si, raised $50M in a Series A round announced on 2 Jun 2022. 11 firms took part. It is Rebellions' first venture round on record.
$50M
Amount raised
Not disclosed
Post-money valuation
11
Investors
no lead named
Valuation
What this round says about the price
Rebellions did not disclose a valuation in this round. It is Rebellions' first venture round on record, 2 years after it was founded in 2020. It is 6.1% of the $824M Rebellions has raised in the venture rounds on record. Rebellions raised again 19 months later: a Series B round of $124M in Jan 2024, at $650M post-money.
Rebellions' funding rounds
Rebellions has 4 venture rounds on record and 1 other deal. This one is highlighted.
- Series A this round 2 Jun 2022 $50M
- Series B 30 Jan 2024, led by KT Corp $124M$650M post-money
- Other not a venture round 22 Jul 2024 $1.4M
- Series C 30 Sep 2025, led by Arm and Samsung Venture Investment $250M$1.40B post-money
- Growth 30 Mar 2026, led by Mirae Asset Financial Group and Korea National Growth Fund $400M$2.34B post-money
Investors
Who put money in
11 firms took part; no lead investor was named.
Investors
- Temasek’s Pavilion Capital new investor
- Korean Development Bank new investor
- backs 26 venture-backed companies new investor
- Mirae Asset Capital new investor
- Mirae Asset Venture Investments backs 37 venture-backed companies new investor
- backs 44 venture-backed companies new investor
- backs 71 venture-backed companies new investor
- backs 22 venture-backed companies new investor
- backs 27 venture-backed companies new investor
- GU Equity Partners new investor
- Seoul Techno Holdings new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
15 Series A rounds in Device Manufacturing within a year either side disclosed an amount; the median was $9.6M, and this round was 5.2 times the median. The closest in time, other companies' Series A rounds in Device Manufacturing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Device Manufacturing | 9 Jun 2022 | $13M | not disclosed | Lightspeed China Partners and Draper Dragon |
| Device Manufacturing | 10 May 2022 | $30M | not disclosed | Paradigm |
| Device Manufacturing | 20 Jul 2022 | $8.5M | not disclosed | Acies Investments and HBSE Ventures |
| Device Manufacturing | 23 Aug 2022 | $9.6M | not disclosed | Amasia and Active Partners |
| Device Manufacturing | 20 Sep 2022 | $15M | not disclosed | Lockheed Martin Ventures and E14 Fund |
| Device Manufacturing | 27 Jan 2022 | $18M | not disclosed | Spark Capital |
| Device Manufacturing | 25 Jan 2022 | $15M | not disclosed | Capital TEN |
| Device Manufacturing | 1 Jan 2022 | $10M | not disclosed | Khosla Ventures |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Rebellions raise in its Series A round?
Rebellions raised $50M in its Series A round, announced in Jun 2022.
Which investors took part in Rebellions' Series A round?
Temasek’s Pavilion Capital, Korean Development Bank, SV INVESTMENT, Mirae Asset Capital, Mirae Asset Venture Investments and IMM Investment and 5 more.
What was Rebellions' valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Device Manufacturing?
15 Series A rounds in Device Manufacturing within a year either side disclosed an amount; the median was $9.6M, and this round was 5.2 times the median.
Did Rebellions raise again after this round?
Yes: a Series B round in Jan 2024 of $124M at $650M post-money.