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Naver Corporation

Founders Hae-Jin Lee Joon-ho Lee


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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 64
Average round size
The average size of a deal this fund participated in
Portfolio companies 53
Rounds per year 2.67
Lead investments 18
Follow on index
How often the fund supports its portfolio startups at next rounds
Exits 12
Key employees 6

Areas of investment

  • E-Commerce
  • Software
  • Apps
  • Artificial Intelligence
  • Information Technology

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
$17M27 Feb 2023 South Korea, Gyeonggi-do, South Korea


E-Commerce Platforms
Mobile Apps
Social Shopping
$95M18 Jan 2023 Barcelona, Catalonia, Spain


App Marketing
$58M20 Jul 2022 South Korea, Gyeonggi-do, South Korea

Interior Teacher

Home Decor
$3M11 Jul 2022 -

Pocket FM

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


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

New Vessel

Consumer Goods
16 Feb 2022 Seoul, Seoul-t'ukpyolsi, South Korea


$28M07 Oct 2021 Seoul, Seoul-t'ukpyolsi, South Korea


App Marketing
$17M04 Aug 2021 South Korea, Gyeonggi-do, South Korea
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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