Libeto Inc. announced that it has issued 4,200,420 class A convertible preferred stock of par value KRW 500 at KRW 3,333 per share for gross proceeds of KRW 13,999,999,860 on January 26, 2018. The preferred stock is convertible into common shares of the company from the next day of issue to the expiration date. The initial conversion price shall be the issuance price per share of class A preferred stock. The transaction included participation from individual investor Lee, Kyuho who subscribed for 1,080,108 shares, Kolon Global Corporation (KOSE:A003070) subscribed for 1,320,132, Altos Korea Opportunity Fund 2, L.P., a fund managed by Altos Ventures subscribed for 1,080,108 shares, Accel Technology Holdings Limited subscribed for 150,015 shares and Gorilla Common Town 1 PEF subscribed for 570,057 shares.