The Venture Codex Logo

The Venture Codex

Naver

NAVER 1784, 95, Jeongjail-ro, Bundang-gu, Seongnam-si, Gyeonggi-do, 13561, South Korea

Overview

Search engine and e-commerce platform with fintech and digital content.

Founded

1999

Deals ยท 12mo

5

Links

WebsiteLinkedIn

Stage focus

Series A

Geographic focus

Indonesia
South Korea
Spain
United States

Sector focus

Internet of Things
Online Portals
Search Engine

Investment portfolio

24rounds
NAMEDATESIZE
SAZO
Jul 2026Led
$20 MOther Equity
Promedius
Jun 2026Participated
$14 MSeries B
Cashmere
Jan 2026Participated
$5 MSeed
GravityLabs
Dec 2025Participated
$17 MSeries A
Humanscape
Dec 2025Participated
$3 MOther Equity
Rembrand
Jan 2025Participated
$23 MSeries A
KREAM
Mar 2023Participated
$171 MSeries C
Wallapop
Jan 2023Led
$88 MSeries G
Plask
Oct 2021Participated
$3 MSeries A
Bukalapak
Apr 2021Participated
$234 MOther Equity
MORAI
Nov 2020Participated
$2 MSeries A
True Balance
Nov 2020Participated
$28 MSeries D
SAZO
Jul 2026Led
$20 MOther Equity
Promedius
Jun 2026Participated
$14 MSeries B
Cashmere
Jan 2026Participated
$5 MSeed
GravityLabs
Dec 2025Participated
$17 MSeries A
Humanscape
Dec 2025Participated
$3 MOther Equity
Rembrand
Jan 2025Participated
$23 MSeries A
KREAM
Mar 2023Participated
$171 MSeries C
Wallapop
Jan 2023Led
$88 MSeries G
Plask
Oct 2021Participated
$3 MSeries A
Bukalapak
Apr 2021Participated
$234 MOther Equity
MORAI
Nov 2020Participated
$2 MSeries A
True Balance
Nov 2020Participated
$28 MSeries D
24
Items
...
Browse all public portfolio deals

Insights

Time horizon

View by

Deal Distribution

Naver: 24 funding rounds are recorded in the selected participation categories.All available history.
Naver: 24 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed01
Series A18
Series B02
Series C+24
Other Equity24

Monthly Deal Activity

Naver: 24 deals are recorded across 137 months.All available history.
Naver: 24 deals are recorded across 137 months. All available history
MonthDeals
Jun '151
Jul '150
Aug '150
Sep '150
Oct '150
Nov '150
Dec '150
Jan '160
Feb '160
Mar '160
Apr '160
May '160
Jun '160
Jul '160
Aug '160
Sep '160
Oct '160
Nov '160
Dec '160
Jan '170
Feb '170
Mar '170
Apr '170
May '170
Jun '170
Jul '171
Aug '171
Sep '170
Oct '170
Nov '170
Dec '170
Jan '180
Feb '180
Mar '181
Apr '180
May '180
Jun '181
Jul '180
Aug '180
Sep '180
Oct '182
Nov '181
Dec '180
Jan '190
Feb '190
Mar '190
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '191
Dec '191
Jan '200
Feb '200
Mar '200
Apr '201
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '201
Nov '202
Dec '200
Jan '210
Feb '210
Mar '210
Apr '211
May '210
Jun '210
Jul '210
Aug '210
Sep '210
Oct '211
Nov '210
Dec '210
Jan '220
Feb '220
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '231
Feb '230
Mar '231
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '251
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '252
Jan '261
Feb '260
Mar '260
Apr '260
May '260
Jun '261
Jul '261
Aug '260
Sep '260
Oct '260

Sector Breakdown

Naver: Enterprise Software is the largest displayed sector by deal count (10 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Naver: Enterprise Software is the largest displayed sector by deal count (10 deals). All available history
SectorDeals
Enterprise Software10
AI & Machine Learning8
E-Commerce & Retail7
Data, Analytics & IT6
Networks, Cloud & Communication6
Media & Entertainment6
Marketing & Advertising4
Health & Life Sciences4
Consumer & Lifestyle3
Hardware & Robotics3
Social & Community Platforms3
Fintech2
Developer Tools2
AR/VR1
Real Estate & Construction1
Space & Frontier Tech1
Transportation & Logistics1
Crypto & Blockchain1
Professional Services1
Gaming & eSports1

Deal Size Distribution

Naver: 24 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Naver: 24 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M6
$5M-$10M4
$10M-$25M5
$25M-$50M6
$50M-$100M1
$100M-$250M2
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Naver: South Korea has the largest recorded deal count among the displayed regions (8 deals).All available history.

Top 8 of 8 regions; European countries are grouped as Europe.

Naver: South Korea has the largest recorded deal count among the displayed regions (8 deals). All available history
RegionDeals
South Korea8
United States6
Europe4
Indonesia2
India1
Japan1
Canada1
Taiwan1
Naver: 20 co-investors are shown, with SoftBank Ventures Asia sharing 4 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Naver: 20 co-investors are shown, with SoftBank Ventures Asia sharing 4 recorded deals. All available history
Co-investorShared deals
SoftBank Ventures Asia4
DSC Investment3
Line3
EDBI2
Kakao Ventures2
KDC Media Fund2
Magma Venture Partners2
Remagine Ventures2
14W1
Accel1
Afore Capital1
Altos Ventures1
AMTD Group1
Atinum Investment1
Axess Ventures1
Axiom Asia Private Capital1
Big Basin Capital1
Bluepoint Partners1
Bold Capital Partners1
BonAngels1

Investment Strategy

Naver: Led accounts for 21% and participating for 79% of round participation.All available history.
Naver: Led accounts for 21% and participating for 79% of round participation. All available history
CategoryDeals (count)Share (%)
Led521%
Participating1979%
Naver: Single-lead accounts for 20% and co-led for 80% of lead dynamics.All available history.
Naver: Single-lead accounts for 20% and co-led for 80% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead120%
Co-led480%

Team

Hae-Jin Lee

GIO and Co-Founder

Ian Kwon

Business Development

Jeong-an Lee

Leader of Investment and Development

Joon-ho Lee

Co-founder

Minho Ryu

Clova AI Research Intern

Sang-Woo Lee

Research Scientist

Sanghwan Yang
Seungbae Lee

Executive Officer

Sungwoo Kevin Choo

Lead Engineer