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Triller $4 bn merger to take on TikTok, Casa Shares introduces stock market for real estate
Team @ deelscoop
April 30, 2024
Your weekly Venture Capital recap is here!
Quick News
Triller and AGBA are planning a $4 bn merger with the TikTok ban fuelling valuations. Triller has set their valuation at $3.2 bn despite only generating $34 m in revenue. Last time TikTok was banned in a country was in 2020, where Triller saw their user count increase from 1 m to 30 m after the ban. Read Chris Erwin’s LinkedIn post for more.
South Korea: As GDP growth starts to stagnate, a $471 bn semiconductor production city is being built south of Seoul with investments from Samsung ($220 bn) and chipmaker SK Hynix ($91 bn) to revitalize the Asian country’s economy. Read more on FT.
State of Venture Capital
2023 vs 2024 worldwide investment amount January - April (running count)
1 Country 1 Investment
Each week we randomly generate 1 country and highlight 1 recent VC deal.
This week’s country is: This week’s country is: Estonia
Population: 1.349 m
GDP: $38.1 bn (2022)
GDP Per Capita: $28,250 (2022)