Investments
132Portfolio Exits
2Partners & Customers
1
Want to inform investors similar to NAVER D2 Startup Factory about your company?
Submit your Analyst Briefing to get in front of investors, customers, and partners on CB Insights’ platform.
Latest NAVER D2 Startup Factory News
Apr 11, 2023
April 10, 2023 Naver D2SF (D2 Startup Factory) is holding a campus technology startup contest to discover potential student startup teams. Naver D2SF’s ‘Campus Technology Entrepreneurship Contest’, which celebrated its 12th anniversary this year, is a customized growth program that discovers talented student startup teams in the very early stages and provides various growth support measures. Any undergraduate (graduate) startup team that is solving a meaningful problem, regardless of whether they have established a corporation or at any stage of technology development, can apply. This is a rare opportunity for student startup teams to prove their value early and explore growth potential. The team finally selected through documents and interviews can experience Naver D2SF’s customized growth program for six months. First, Naver D2SF provides ▲funds, ▲cloud infrastructure, and occupancy space in Gangnam and Naver office buildings to build a solid foundation for growth. Optimized for student startup teams ▲Feedback from Naver technology leaders ▲Business feedback from Naver and senior entrepreneurs is also an opportunity to receive accumulated technological experience and know-how. In addition, ▲Naver D2SF mentoring ▲investment attraction and cooperation opportunities are supported to prepare for business strategy and investment attraction. Naver D2SF’s Campus Technology Entrepreneurship Contest, which has been held regularly every semester since 2016, has led to the solid growth of promising student startup teams. In fact, mobility startup ‘Mobiltech’, which Naver D2SF directly invested in through the campus technology start-up contest, and ‘Flask’, which developed an AI animation automation solution, are continuing rapid growth, and B.D.D.O, which developed video AI technology, is Naver Webtoon. was acquired by In addition, even this year, when investor sentiment has shrunk, Naver D2SF is increasing contact points with student startup teams, such as visiting campuses in person. The 10th Campus Competition selected last year was a student startup team that develops ▲creative AI-based writing solutions ▲robot solutions for farm automation, etc., and achieved results such as refining market strategies and developing prototypes through customized growth programs. . Lee Jun-ho, CEO of Flask, which attracted investment from Naver D2SF in July of the same year after incubating in the first half of 2020, said, “For a student team preparing for a tech start-up, I think the Naver D2SF Tech Startup Contest is the best way to grow.” I was able to grow quickly by fully immersing myself in technology development and team building.” Yang Sang-hwan, leader of Naver D2SF, said, “23 out of 49 teams finally selected for the Naver D2SF Campus Technology Startup Contest are growing into excellent technology entrepreneurs, such as establishing a corporation and successfully attracting investment.” We will discover promising student startup teams and actively support them so that they can discover market opportunities and grow.”
NAVER D2 Startup Factory Investments
132 Investments
NAVER D2 Startup Factory has made 132 investments. Their latest investment was in BIGC Studio as part of their Seed - II on April 4, 2023.

NAVER D2 Startup Factory Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
4/19/2023 | Seed - II | BIGC Studio | No | 1 | ||
3/15/2023 | Seed - II | GoodGang Labs | Yes | 3 | ||
2/8/2023 | Series A | N.Light | $6.35M | No | 1 | |
12/29/2022 | Series A | |||||
12/28/2022 | Series A |
Date | 4/19/2023 | 3/15/2023 | 2/8/2023 | 12/29/2022 | 12/28/2022 |
---|---|---|---|---|---|
Round | Seed - II | Seed - II | Series A | Series A | Series A |
Company | BIGC Studio | GoodGang Labs | N.Light | ||
Amount | $6.35M | ||||
New? | No | Yes | No | ||
Co-Investors | |||||
Sources | 1 | 3 | 1 |
NAVER D2 Startup Factory Portfolio Exits
2 Portfolio Exits
NAVER D2 Startup Factory has 2 portfolio exits. Their latest portfolio exit was V.DO on January 14, 2020.
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 |
---|---|---|---|---|---|
1/14/2020 | Acquired | 4 | |||
Date | 1/14/2020 | |
---|---|---|
Exit | Acquired | |
Companies | ||
Valuation | ||
Acquirer | ||
Sources | 4 |
NAVER D2 Startup Factory Partners & Customers
1 Partners and customers
NAVER D2 Startup Factory has 1 strategic partners and customers. NAVER D2 Startup Factory recently partnered with NEW FLIGHT on April 4, 2019.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
4/19/2019 | Partner | South Korea | 2 |
Date | 4/19/2019 |
---|---|
Type | Partner |
Business Partner | |
Country | South Korea |
News Snippet | |
Sources | 2 |
NAVER D2 Startup Factory Team
1 Team Member
NAVER D2 Startup Factory has 1 team member, including current Chief Executive Officer, HyeongHwan Yang.
Name | Work History | Title | Status |
---|---|---|---|
HyeongHwan Yang | Chief Executive Officer | Current |
Name | HyeongHwan Yang |
---|---|
Work History | |
Title | Chief Executive Officer |
Status | Current |
Discover the right solution for your team
The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.