BlackRock Private Equity Partners Leads a US$300 Million Financing Round for Coupang (Asia)
Source: Coupang, Asian Venture Capital Journal | Author(s): Tim Burroughs
Global investment management company BlackRock Private Equity Partners has led a US$300 million financing round for South Korea-based online retailer Coupang. Investment firms Wellington Management Company, Greenoaks Capital Management and Rose Park Advisors also participated in the round. This new financing will help the company strengthen its market position and further expand its e-commerce offerings. Coupang previously raised a US$100 million financing round, led by venture capital firm Sequoia Capital, in May 2014.