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Naver Corporation

Founders Hae-Jin Lee Joon-ho Lee

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Investments

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 105
Average round size
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The average size of a deal this fund participated in
$26M
Portfolio companies 78
Rounds per year 4.38
Lead investments 28
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.24
Exits 13
Key employees 6

Areas of investment

  • E-Commerce
  • Apps
  • Software
  • Artificial Intelligence
  • Mobile
Summary

Naver Corporation is the famous Corporate Investor, which was founded in 1999. The main office of represented Corporate Investor is situated in the Seongnam. The fund was located in Asia if to be more exact in South Korea.

Considering the real fund results, this Corporate Investor is 5 percentage points more often commits exit comparing to other organizations. The fund is constantly included in 2-6 deals per year. Comparing to the other companies, this Naver Corporation performs on 23 percentage points less the average number of lead investments. Deals in the range of 10 - 50 millions dollars are the general things for fund. The top activity for fund was in 2017. The higher amount of exits for fund were in 2019. The average startup value when the investment from Naver Corporation is 100-500 millions dollars.

The usual cause for the fund is to invest in rounds with 3-4 partakers. Despite the Naver Corporation, startups are often financed by Vertex Ventures, Asia Venture Group, Venturra Capital. The meaningful sponsors for the fund in investment in the same round are Line Corporation, Vertex Ventures, SMDV. In the next rounds fund is usually obtained by DSC Investment, BA Partners, Altos Ventures.

Moreover, a startup needs to be at the age of 4-5 years to get the investment from the fund. For fund there is a match between the location of its establishment and the land of its numerous investments - South Korea. Among the most successful fund investment fields, there are Advertising Platforms, E-Commerce. Among the various public portfolio startups of the fund, we may underline Woowa Brothers, Soundhound, NimbleRx The fund has no exact preference in some founders of portfolio startups. When startup sums 5+ of the founder, the probability for it to get the investment is little.

The fund was created by Lee Hae-Jin. We also calculated 5 valuable employees in our database.

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Cenacle Soft

Health Care
Information Technology
Software
$17M27 Feb 2023 South Korea, Gyeonggi-do, South Korea

NFTBank.ai

Analytics
Blockchain
Financial Services
Intelligent Systems
$34M29 Sep 2022 South Korea, Gyeonggi-do, South Korea

Line

Apps
Messaging
Mobile
Mobile Apps
$11M13 Jul 2022 Chiyoda, Japan

Interior Teacher

Home Decor
$3M11 Jul 2022 -

Ourbox

Logistics
Transportation
Warehousing
$17M24 May 2022 Seoul, Seoul-t'ukpyolsi, South Korea

About Pet

E-Commerce
Food and Beverage
Pet
$8M05 May 2022 South Korea, Gangwon-do, South Korea

Pocket FM

Apps
Digital Entertainment
Information Technology
Software
$63M03 Mar 2022 Bengaluru, Karnataka, India

TWO

Artificial Intelligence
$20M22 Feb 2022 San Francisco, California, United States

New Vessel

Consumer Goods
E-Commerce
Marketing
Retail
15 Feb 2022 Seoul, Seoul-t'ukpyolsi, South Korea
News
Indonesia-based grocery app HappyFresh reaps $65M led by Naver Financial and Gafina

– HappyFresh, the on-demand grocery app based in Indonesia, announced it has raised a $65 million Series D.
– The round was led by Naver Financial Corporation and Gafina B.V., with participation from STIC, LB and Mirae Asset Global Investments.
– It also included returning investors Mirae-Asset Naver Asia Growth Fund and Z Venture Capital.
– Founded in 2014, HappyFresh was the first Instacart-style grocery delivery service to launch in Southeast Asia.
– It expanded into five markets before shutting down its operations in Taiwan and the Philippines in 2016.
– It continues to operate in Indonesia, Malaysia and Thailand.

Stampli Raises $50M in Series C Funding

– Stampli, a Mountain View, Calif.-based AI-driven AP Automation company which enables CFOs and controllers to close the disconnect between accounts payables and the broader organization, raised $50m in Series C funding.
– The round was led by Insight Partners with participation from SignalFire and Nextworld Capital, which joined UpWest, Hillsven, Bloomberg and Naver Corp.
– As part of this funding round, Praveen Akkiraju, Managing Director at Insight Partners, will join the Stampli Board of Directors.

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Total investments 105
Average round size 26M
Rounds per year 4.38
Peak activity year 2017
Lead investments 28
Follow on index 0.24
Exits 13
Group Appearance index 0.59

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Cenacle Soft

Health Care
Information Technology
Software
$17M27 Feb 2023 South Korea, Gyeonggi-do, South Korea

NFTBank.ai

Analytics
Blockchain
Financial Services
Intelligent Systems
$34M29 Sep 2022 South Korea, Gyeonggi-do, South Korea

Line

Apps
Messaging
Mobile
Mobile Apps
$11M13 Jul 2022 Chiyoda, Japan

Interior Teacher

Home Decor
$3M11 Jul 2022 -

Ourbox

Logistics
Transportation
Warehousing
$17M24 May 2022 Seoul, Seoul-t'ukpyolsi, South Korea

About Pet

E-Commerce
Food and Beverage
Pet
$8M05 May 2022 South Korea, Gangwon-do, South Korea

Pocket FM

Apps
Digital Entertainment
Information Technology
Software
$63M03 Mar 2022 Bengaluru, Karnataka, India

TWO

Artificial Intelligence
$20M22 Feb 2022 San Francisco, California, United States

New Vessel

Consumer Goods
E-Commerce
Marketing
Retail
15 Feb 2022 Seoul, Seoul-t'ukpyolsi, South Korea
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