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NAVER (company)

NAVER (company)

A venture capital firm in South Korea that focuses on online services for Asian users.

Contents
Timeline
Funding rounds
Products
Acquisitions
Patents
People
Further reading
Documentaries, videos and podcasts
Companies
News
References

Naver Corporation is a venture capital firm in South Korea that focuses on online services for Asian users. Founded 1999 in Seongnam, South Korea by Lee Hae-Jin, it invests in seed, series A, series B, and Series C rounds. Its portfolio companies include iPrice Group, Spoon, Appier, True Balance, and Syte. As of March 2020, Naver Corporation has made 37 investments. Their most recent investment was on Dec 24, 2019, when Spoon raised $40M. NAVER is also involved in software development and distribution; performances and exhibitions business; mobile content development and distribution; search advertising; internet commerce and customer service business; the operation and security services of IT infrastructure; operating online shopping services; and mobile applications marketing.

Timeline

People

Name
Role
LinkedIn

Seong-Sook Han

CEO

Minho Ryu

Clova AI Research Intern

Sungwoo Kevin Choo

Lead Engineer

Further reading

Title
Author
Link
Type
Date

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

CoHive

Deskera

Dynamic Yield

Foursquare

HappyFresh

iPrice Group

LetinAR Co., Ltd.

MakinaRocks

Spoon

Theori

News

Title
Author
Date
Publisher
Description
Interbrand announces 2021 Best Korea Brands
June 25, 2021
WebWire
, , , , • The Decade of Possibilities: The brand strategies that overturn the markets, implications, and strategies for the next 10 years in the post-COVID age announced , , • Total brand value of the 2021 Top 50 brands totals 159 trillion KRW, increased by 3.3% compared to 2020, and increased by 36% compared to 2014 (116 trillion KRW) , , • Brand value of the Top 5 (Samsung Electronics, Hyundai Motor, Kia, Naver, SK Telecom) is about 101.5 trillion KRW, taking up 63.87% of the Top 50 brands en...
Naver merges Wattpad, Webtoon studio divisions, invests $100 million USD | BetaKit
Josh Scott
June 24, 2021
BetaKit
Following its acquisition of Wattpad earlier this year, South Korea's Naver has merged Wattpad Studios and Webtoon Studios, investing $100 million USD.
As Naver closes $754 million CAD acquisition of Wattpad, Allen Lau is looking to scale | BetaKit
Meagan Simpson
May 10, 2021
BetaKit
South Korean internet company Naver Corp. has officially acquired Wattpad for an estimated $754 million CAD.
Following Wattpad acquisition, CEO Allen Lau says "I'm not done yet" | BetaKit
Meagan Simpson
January 20, 2021
BetaKit
Following the news of Wattpad's acquisition, CEO Allen Lau says the deal will not slow down plans to make Wattpad a global entertainment giant.
'An incredible milestone': Canadian tech darling Wattpad to be sold to South Korea's Naver
Tara Deschamps
January 20, 2021
Global News
Wattpad said its board of directors unanimously approved a cash and stock transaction Tuesday that will see it acquired by South Korean internet giant Naver later this year.
Wattpad to be acquired by South Korea's Naver Corp. for $754 million CAD | BetaKit
Meagan Simpson
January 19, 2021
BetaKit
Wattpad is set to be acquired by South Korean internet company Naver Corp.
Wattpad, the storytelling platform, is selling to South Korea's Naver for $600 million
Connie Loizos
January 20, 2021
TechCrunch
Wattpad, the 14-year-old, Toronto-based, venture-backed storytelling platform with reach into a number of verticals, is being acquired by Naver, the South Korean conglomerate, in a $600 million cash-and-stock deal. Naver plans to incorporate at least part of the business into another of its holdings, the 16-year-old publishing portal Webtoon, which Naver launched in 2004, brought [...]
Wattpad to be sold to South Korean internet giant for US$600 million
The Canadian Press
January 20, 2021
CTVNews
One of Canada's most prominent technology darlings is being sold to a South Korean internet conglomerate in a US$600-million deal.
Storytelling incubator Wattpad is getting bought for over half a billion dollars
Sean Hollister
January 20, 2021
The Verge
Wattpad may no longer be trying to become an entertainment tastemaker all on its own -- South Korean web company Naver is buying Wattpad for over $600 million, the company announced today.
WEBTOON parent NAVER announces approval of agreement to acquire Wattpad
Webtoon
January 19, 2021
www.prnewswire.com:443
/PRNewswire/ -- The Board of Directors of WEBTOONTM's parent company, NAVER, announced today that it has approved a definitive agreement to acquire leading...
Do Ventures launches $50 million fund for Vietnamese startups, backed by Naver, Vertex and other notable LPs
Catherine Shu
September 8, 2020
TechCrunch
New investment firm Do Ventures announced today the first closing of its fund for Vietnamese startups, which is backed by several of Asia's most notable institutional investors. Called Do Ventures Fund I, the investment vehicle has hit more than half of its $50 million target, with limited partners including Korean internet giant Naver; Sea, whose [...]

References

navercorp.com

Company attributes

Industry
Artificial intelligence (AI)
Marketing
‌
Investment
Conglomerate (company)
Smart speaker
Location
Seongnam
Company status
Active
Founder
‌
Hae-jin Lee
Crunchbase
crunchbase.com/organiz...poration
Pitchbook
pitchbook.com/profiles.../54292-60
Legal name
Naver Corporation
Subsidiary
Line Corporation
‌
Line Webtoon
NAVER LABS Europe
Legal classification
Joint-stock company
Founded date
1999

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