ird & Bird ATMD has advised Korea Investment Partners (KIP) in its investment in StealthMole’s US$7 million Series A funding. StealthMole is Asia’s up and coming startup for dark web data intelligence.
Singapore-based cybersecurity firm, StealthMole, has raised US$7 million in its Series A funding round led by Korea Investment Partners and joined by Smilegate Investment and Hibiscus Fund – a joint venture between RHL Ventures, Penjana Kapital and KB Investment. StealthMole will be using this fresh injection of funds to strengthen its global expansion efforts, as well as further developing its technology use cases for various sectors.
Incorporated in 1986, KIP is one of the largest venture capital firms in South Korea, having made over 900 investments and managing more than US$3 billion in assets. KIP first established its presence in Southeast Asia in 2018 with the launch of the GEC-KIP Technology and Innovation Fund, with Singapore as the investment vehicle’s headquarters.
The Bird & Bird ATMD team comprised Partner Marcus Chow and Counsel Jolie Giouw.
Lead partner Marcus commented, “We are pleased to have been mandated to advise Korea Investment Partners in its investment in StealthMole, and we look forward to the positive impact StealthMole will bring in making the world a safer place.”
Counsel Jolie added, “This deal reflects our client’s confidence in us as their trusted legal advisors to delve in industries with both a technology and regulation nexus, and it also takes another important step in addressing Asia’s information network gap”.
