Zepeto is a Korean metaverse platform operated by Naver Z that lets users work, play and interact through avatars. Users can buy and wear virtual fashion items and meet celebrities in virtual spaces; brands including Ralph Lauren and Gucci have worked with Zepeto. The platform has about 2 million daily active users and, according to Sensor Tower, was downloaded 400,000 times in July. About 70% of users are female and between the ages of 13 and 24, giving Zepeto a large Gen Z and Gen A following. The company is described as three years old and is valued at more than $1 billion, according to the Wall Street Journal. Major brands and investors have partnered with or invested in Zepeto as companies compete to define virtual environments and reach younger online audiences.

Total raised

$150M

Funding rounds

1

Latest round

Equity

Latest activity

Dec 2021