Funding round
Rebellions Series B
Rebellions, which works in AI hardware manufacturing in Seongnam-si, raised $124M in a Series B round announced on 30 Jan 2024, led by KT Corp, at a $650M post-money valuation. 19 firms took part, 2 of them already investors. It is Rebellions' second venture round on record; the one before was a Series A in Jun 2022.
$124M
Amount raised
$650M
Post-money valuation
$526M pre-money
19
Investors
1 lead
19%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Rebellions at $650M after the new money. The $124M bought investors about 19% of the company. It came 19 months after Rebellions' Series A. It is 15% of the $824M Rebellions has raised in the venture rounds on record. Rebellions raised again 20 months later: a Series C round of $250M in Sep 2025, at $1.40B post-money.
Rebellions' funding rounds
Rebellions has 4 venture rounds on record and 1 other deal. This one is highlighted.
- Series A 2 Jun 2022 $50M
- Series B this round 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
KT Corp led the round with 18 other firms. KT Corp and Pavilion Capital had backed Rebellions before.
Lead investor
- KT Corp existing investor
Also in the round
- Shinhan Venture Investment new investor
- Pavilion Capital existing investor
- backs 25 venture-backed companies new investor
- backs 24 venture-backed companies new investor
- Korea Development Bank new investor
- Noh & Partners new investor
- KB Securities new investor
- backs 71 venture-backed companies new investor
- backs 26 venture-backed companies new investor
- Mirae Asset Venture Investment new investor
- Mirae Asset Capital new investor
- backs 44 venture-backed companies new investor
- backs 22 venture-backed companies new investor
- Seoul Techno Holdings new investor
- Oasis PE new investor
- Gyeongnam Venture Investment new investor
- SDB Investment new investor
- KDB(Korea Development Bank) new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time, other companies' Series B rounds in Device Manufacturing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Device Manufacturing | 12 Sep 2023 | $125M | not disclosed | Atreides Management |
| Device Manufacturing | 21 Oct 2024 | $3.4M | not disclosed | not named |
| Device Manufacturing | 9 Jan 2025 | $14M | not disclosed | Shunwei Capital and Legend Capital |
Sources
Where this comes from
Reported by 6 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Rebellions raise in its Series B round?
Rebellions raised $124M in its Series B round, announced in Jan 2024.
Who led Rebellions' Series B round?
KT Corp led it, with Shinhan Venture Investment, Pavilion Capital, Korelya Capital, DG Daiwa Ventures and Korea Development Bank and 13 more.
What was Rebellions' valuation at the Series B round?
$650M post-money ($526M pre-money).
Did Rebellions raise again after this round?
Yes: a Series C round in Sep 2025 of $250M at $1.40B post-money.