LY Corp. Unit Raises $140 Million From PE-Led Consortium

Dow Jones2023-12-13

By Ronnie Harui

Line Next Corp., LY Corp.'s unit focused on Web3 business strategy and planning, has raised $140 million from a consortium led by Crescendo Equity Partners, a private-equity firm sponsored by Peter Thiel.

Line Next plans to use the funds to expand its global business and develop new services, it said Wednesday.

Write to Ronnie Harui at ronnie.harui@wsj.com

(END) Dow Jones Newswires

December 13, 2023 02:42 ET (07:42 GMT)

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