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Incubator/Accelerator
d2startup.com

Investments

132

Portfolio Exits

2

Partners & Customers

1

About NAVER D2 Startup Factory

NAVER D2 Startup Factory (D2SF) is an accelerator created by NAVER to foster tech startups, providing seed capital, mentorship, networking, and co-working space.

Headquarters Location

Meritz Tower, 16F 382, Gangnam-daero, Gangnam-gu

Seoul, 06232,

South Korea

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Latest NAVER D2 Startup Factory News

Naver D2SF “The 12th Campus Technology Entrepreneurship Contest”

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.

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NAVER D2 Startup Factory Investments Activity

investments chart

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

Subscribe to see more

$99M

Subscribe to see more

10

12/28/2022

Series A

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$99M

Subscribe to see more

10

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

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Amount

$6.35M

$99M

$99M

New?

No

Yes

No

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Subscribe to see more

Co-Investors

Sources

1

3

1

10

10

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

$99M

4

4/17/2019

Acquired

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$99M

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10

Date

1/14/2020

4/17/2019

Exit

Acquired

Acquired

Companies

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Valuation

$99M

$99M

Acquirer

Subscribe to see more

Sources

4

10

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

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