Mirae Asset-Naver Asia Growth Fund

Founded -

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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.
Total investments 11
Average round size
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The average size of a deal this fund participated in
$146M
Portfolio companies 15
Lead investments 4
Exits 1
Key employees Soon

Areas of investment

  • E-Commerce
  • Internet
  • Delivery Service
  • Financial Services
  • Mobile Apps
Summary

The fund is generally included in 2-6 deals every year. The typical startup value when the investment from Mirae Asset-Naver Asia Growth Fund is more than 1 billion dollars. The top activity for fund was in 2019. Deals in the range of more than 100 millions dollars are the general things for fund.

Besides, a startup needs to be aged 6-10 years to get the investment from the fund. Among the most popular portfolio startups of the fund, we may highlight GrabTaxi, Bukalapak, BigBasket. Among the most popular fund investment industries, there are Delivery Service, Internet. The fund has exact preference in a number of founders of portfolio startups. When startup sums 3 or 5+ of the founder, the probability for it to get the investment is little.

The standard case for the fund is to invest in rounds with 4 partakers. Despite the Mirae Asset-Naver Asia Growth Fund, startups are often financed by Vertex Ventures, International Finance Corporation, InnoVen Capital. The meaningful sponsors for the fund in investment in the same round are Vulcan Capital, Vertex Ventures Southeast Asia & India, Vertex Ventures. In the next rounds fund is usually obtained by Microsoft, Hyundai Motor Company, Booking Holdings.

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Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of Mirae Asset-Naver Asia Growth Fund:
Typical Co-investors
Mirae Asset-Naver Asia Growth Fund is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Mirae Asset-Naver Asia Growth Fund:
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Notable deals

CompanyIndustryRoundRound SizeDateInvestorsLocation

ShareChat

Internet
Mobile Apps
Social Media
Social Network
1
$145M27 Jul 2021 India, Bengaluru

Trell

Lifestyle
Social Network
Social Shopping
Video
1
$44M12 Jul 2021 India, Bengaluru

Bank Bisnis

n/a
$38M24 May 2021 Indonesia, Bandung

KreditBee

Financial Services
FinTech
Internet
Lending
1
$71M15 Feb 2021 India, Bengaluru

Shadowfax

Delivery Service
E-Commerce
Internet
Logistics
Supply Chain Management
1
$60M05 Dec 2019 India, Bengaluru

theAsianparent

Communities
News
Publishing
1
08 Nov 2019 Singapore, Singapore

Tickled Media

Advertising
Brand Marketing
Communities
Content
Identity Management
Publishing
1
07 Nov 2019 Singapore, Singapore

POPS Worldwide

Digital Entertainment
Digital Media
Film Production
Internet
Music
Social Media
Video
n/a
$30M06 Nov 2019 United States, Chicago

RedDoorz

Business Travel
Hospitality
Travel
Travel Accommodations
Travel Agency
1
$70M18 Aug 2019 Singapore, Singapore
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.

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