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INTERNET | Internet Software & Services / Search
navercorp.com

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Investments

83

Portfolio Exits

18

Funds

1

Partners & Customers

10

Service Providers

2

About NAVER

NAVER (KRX: 035420) is a Korean Internet company that operates the search portal "NAVER" (www.naver.com), online children's portal "Jr. NAVER" (jr.naver.com), and online donation portal "Happybean" (happybean.naver.com).

NAVER Headquarters Location

NAVER Green Factory 6, Buljeong-ro, Bundang-gu, Seongnam-si

Gyeonggi-do, 13561,

South Korea

+82 1588-3830

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NAVER Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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NAVER Rank

Latest NAVER News

Shinsegae, Lotte to compete in metaverse

Sep 23, 2022

Posted : 2022-09-23 08:35 Updated : 2022-09-23 08:35 NFT characters of Lotte Homeshopping's Belly Gom, left, and Shinsegae's Puuvilla are seen in the pictures. Courtesy of Lotte Homeshopping and Shinsegae By Kim Jae-heun Competition among the two local retail giants, Shinsegae and Lotte, has ignited in the virtual world, which is emerging as new a future growth engine. There is a new trend of enjoying culture in the metaverse, where companies believe more and more people will spend their money ― in virtual department stores and amusement parks ― as they spend more time online. Shinsegae is ahead of Lotte in the metaverse business. Avatars of K-pop band Black Pink pose in the virtual platform of Zepeto, run by IT firm Naver. Courtesy of Naver Zepeto is Korea's largest metaverse platform operated by Naver and Shinsegae and has already opened its Starfield shopping mall there. The retail firm also submitted an application to register a trademark for its Emart supermarket discount store on the metaverse recently, which is part of its ultimate goal of building a "Shinsegae Universe" online. Shinsegae Department Store currently runs several online services including lectures at its cultural centers in connection with metaverse platform operator ZEP. It also introduced a non-fungible token (NFT) character called Puuvilla while signing a memorandum of understanding with Hancom to develop its own metaverse platform. Shinsegae is focusing on attracting new customers to the new business rather than seeking immediate profits at the moment. "Our online shopping mall brand SSG.com's metaverse service has attracted some 200,000 customers online and 70 percent of them have already made actual purchases. It sold 10,000 Puuvilla characters just a second after its launch and the NFT character is gaining a huge number of fans offline too," a Shinsegae official said. Lotte created a virtual theme park for Lotte World. Its membership service subsidiary, Lotte Members, signed a business agreement with a local metaverse company to provide a payment system in the virtual world. "Retailers know that the metaverse is growing as a promising business in the future and they are testing various services there. Shinsegae is ahead of Lotte in the field, but nobody knows what will happen in the next one to two years," a retail firm official said.

NAVER Investments

83 Investments

NAVER has made 83 investments. Their latest investment was in Devialet as part of their Series D on September 9, 2022.

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NAVER Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/13/2022

Series D

Devialet

$50M

No

8

8/29/2022

Series A - II

NFTBank

$29.72M

Yes

1

7/13/2022

Unattributed

LINE NEXT

$10M

Yes

2

7/11/2022

Series A

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$99M

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10

5/25/2022

Series B

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$99M

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10

Date

9/13/2022

8/29/2022

7/13/2022

7/11/2022

5/25/2022

Round

Series D

Series A - II

Unattributed

Series A

Series B

Company

Devialet

NFTBank

LINE NEXT

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Amount

$50M

$29.72M

$10M

$99M

$99M

New?

No

Yes

Yes

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Co-Investors

Sources

8

1

2

10

10

NAVER Portfolio Exits

18 Portfolio Exits

NAVER has 18 portfolio exits. Their latest portfolio exit was triple on June 08, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

6/8/2022

Merger

$99M

2

4/28/2022

Reverse Merger

$99M

8

11/23/2021

IPO

$99M

Public

1

10/12/2021

Acquired

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$99M

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10

8/6/2021

IPO

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$99M

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10

Date

6/8/2022

4/28/2022

11/23/2021

10/12/2021

8/6/2021

Exit

Merger

Reverse Merger

IPO

Acquired

IPO

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Public

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Sources

2

8

1

10

10

NAVER Acquisitions

14 Acquisitions

NAVER acquired 14 companies. Their latest acquisition was Wattpad on January 20, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

1/20/2021

Other

$99M

$117.8M

Acquired

26

3/15/2019

$99M

Corporate Majority

1

12/26/2018

Other

$99M

$0.2M

Acquired

2

12/22/2017

Series D

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$99M

$99M

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10

9/5/2017

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$99M

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10

Date

1/20/2021

3/15/2019

12/26/2018

12/22/2017

9/5/2017

Investment Stage

Other

Other

Series D

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$117.8M

$0.2M

$99M

Note

Acquired

Corporate Majority

Acquired

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Sources

26

1

2

10

10

NAVER Fund History

1 Fund History

NAVER has 1 fund, including SB Next Media Innovation Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

5/19/2017

SB Next Media Innovation Fund

$87M

2

Closing Date

5/19/2017

Fund

SB Next Media Innovation Fund

Fund Type

Status

Amount

$87M

Sources

2

NAVER Partners & Customers

10 Partners and customers

NAVER has 10 strategic partners and customers. NAVER recently partnered with SoftBank Group on July 7, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

7/18/2022

Client

Japan

Naver to bolster B2B business in Japan in partnership with SoftBank2022.07.18 13:27

Naver Cloud 's B2B business , which is already relatively successful , can add impetus to the company 's global expansion through partnership with SoftBank that serves 94 percent , or around 400,000 , of Japan 's listed companies with at least 960 billion won revenue as its customers .

1

5/11/2022

Partner

South Korea

Naver fastens delivery through partnership with CJ Logistics2022.05.11 14:25

Naver fastens delivery through partnership with CJ Logistics Corp.

2

8/26/2021

Partner

South Korea

2

4/7/2021

Partner

Vietnam

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10

4/5/2021

Partner

Vietnam

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10

Date

7/18/2022

5/11/2022

8/26/2021

4/7/2021

4/5/2021

Type

Client

Partner

Partner

Partner

Partner

Business Partner

Country

Japan

South Korea

South Korea

Vietnam

Vietnam

News Snippet

Naver to bolster B2B business in Japan in partnership with SoftBank2022.07.18 13:27

Naver Cloud 's B2B business , which is already relatively successful , can add impetus to the company 's global expansion through partnership with SoftBank that serves 94 percent , or around 400,000 , of Japan 's listed companies with at least 960 billion won revenue as its customers .

Naver fastens delivery through partnership with CJ Logistics2022.05.11 14:25

Naver fastens delivery through partnership with CJ Logistics Corp.

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Sources

1

2

2

10

10

NAVER Service Providers

2 Service Providers

NAVER has 2 service provider relationships

Service Provider

Associated Rounds

Provider Type

Service Type

Kirkland & Ellis

Acquired

Counsel

General Counsel

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Service Provider

Kirkland & Ellis

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Associated Rounds

Acquired

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Provider Type

Counsel

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Service Type

General Counsel

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Partnership data by VentureSource

NAVER Team

8 Team Members

NAVER has 8 team members, including current Chief Executive Officer, Soo Yeon Choi.

Name

Work History

Title

Status

Soo Yeon Choi

Chief Executive Officer

Current

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Name

Soo Yeon Choi

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Work History

Title

Chief Executive Officer

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Status

Current

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