Recent Advisory Engagements
Recent advisory cases
A selection of M&A engagements Samjong KPMG has advised on — across sales, acquisitions, and fundraising — showcasing accumulated experience and expertise.
Series B Financing for Okestro — An AI & Cloud Infrastructure Startup
| Company | Okestro — Data center infrastructure solutions company (Revenue KRW 33.8B, EBITDA KRW 7.6B) |
|---|---|
| Industry | AI and Cloud Infrastructure Solutions |
| Scope | M&A Advisory |
| Period | 2023 |
Lead Partner
Jungjun, Won
Deal Type
Capital raise
Counterparty
STIC Investments, IMM Investment, KDB Industrial Bank, IBK Industrial Bank of Korea
Deal Size
KRW 130 billion (pre-money valuation KRW 500 billion)
Summary
Samjong KPMG advised on Orchestro's Series B capital raise, closing a total of KRW 130 billion at a pre-money valuation of KRW 500 billion.
Key Highlights
- Positioned Orchestro as Korea's only domestic alternative to foreign solutions, having already secured key public-sector clients
- Targeted PEFs given a deal size that was difficult for VC firms to absorb
- Invested significant time educating investors on the complex IT business and market dynamics to build conviction
- Closed KRW 130 billion at a pre-money valuation of KRW 500 billion with STIC, IMM, KDB, and IBK
Full Story
In 2023, Samjong KPMG provided advisory services for Orchestro's Series B capital raise.
Founded in 2018, the company was a fast-growing IT startup with revenue of KRW 33.8 billion and EBITDA of KRW 7.6 billion. With private cloud demand entering an early growth phase, the company required a sizeable capital raise to accelerate product development and lock in key customers.
Samjong KPMG positioned Orchestro as the only domestic alternative to foreign solutions with already-established critical public-sector customers, and — given the deal size was too large for traditional VCs — targeted PEFs as the primary investor base.
Because the IT business model was difficult for general audiences to grasp, the team invested significant time deepening business and market understanding to build investor conviction.
The result was a successfully closed KRW 130 billion Series B at a pre-money valuation of KRW 500 billion, with STIC Investments, IMM Investment, KDB Industrial Bank, and IBK Industrial Bank of Korea as the lead investors.