Naver

Naver operates as a search engine and e-commerce platform providing fintech, digital content, and cloud services.

The company introduces innovative search services such as ‘Comprehensive Search,’ ‘Knowledge iN,’ and ‘Real-time Rising Keyword.' It also offers UGC services such as Blog and Cafe; Junior Naver, a children’s portal; Happybean, an online donation portal. NAVER launched its Webtoon service in June 2004 and has pioneered the distribution and consumption of webtoons, also known as digital comics. In addition, NAVER also offers services for the global market, including the mobile messenger LINE through LINE Corporation, NAVER’s subsidiary; the video messenger Snow; and the group communication service BAND.

NAVER is also involved in software development and distribution; performances and exhibitions business; mobile content development and distribution; search advertising; internet commerce and customer service business; the operation and security services of IT infrastructure; operating online shopping services, and mobile applications marketing.

Lee Hae-Jin and Lee Joon-ho headquartered the company in Seongnam, Kyonggi-do, South Korea in 1999.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

2

₩500B

Naver has raised a total of ₩500B in funding over 2 rounds. Their latest funding was raised on Jun 27, 2017 from a Post-IPO Equity round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Jun 27, 2017	Post-IPO Equity	₩500B	1	Mirae Asset	—	Detail
Dec 5, 2008	IPO	—	—	—	—	Detail

Investments

Number of Investments

Number of Lead Investments

61

28

Naver has made 61 investments. Their most recent investment was on Jan 18, 2023, when Wallapop raised €81M.

Date Company Name	Round	Money Raised	Industry	Lead Investor
Jan 18, 2023 Wallapop	Series G	€81M	E-Commerce	Yes
Jul 20, 2022 Brandi	Series Unknown	₩67B	Apps	—
Jul 11, 2022 Interior Teacher	Series A	₩4.50B	Home Decor	—
Mar 3, 2022 Pocket FM	Series C	₹4.92B	Apps	Yes
Feb 22, 2022 Two Platforms	Seed	$20M	Artificial Intelligence	—

Investors

Number of Lead Investors

Number of Investors

1

Naver is funded by 1 investors. Mirae Asset are the most recent investors.

Investor Name	Lead Investor	Funding Round
Mirae Asset	Yes	Post-IPO Equity

Employee Profiles

Number of Employee Profiles

13

Naver has 13 current employee profiles, including Executive Hae-Jin Lee

Executive

Executive

Executive

Executive

Executive

Exits

Naver has had 14 exits. Naver most notable exits include SoundHound , Dynamic Yield

Date	Company Name	Exit Type	Industry
Apr 28, 2022	SoundHound	IPO	Artificial Intelligence	Detail
Dec 21, 2021	Dynamic Yield	M&A	A/B Testing	Detail
Aug 6, 2021	Bukalapak	IPO	E-Commerce	Detail
Apr 6, 2021	Innoviz Technologies	IPO	Automotive	Detail
Mar 30, 2021	Appier	IPO	Analytics	Detail

Acquisition

Naver has acquired 6 organizations. Their most recent acquisition was Me2day on Dec 22, 2008. They acquired Me2day for $2M.

Date Company Name	Industry	Acquisition Type	Price
Dec 22, 2008 Me2day	Blogging Platforms	—	$ 2M	Detail
Dec 2, 2013 Bungaejangter	E-Commerce	—	—	Detail
Dec 26, 2013 Gogolook	Android	acquisition	—	Detail
Jun 26, 2017 Xerox Research Center Europe	Artificial Intelligence	acquisition	—	Detail
Jan 20, 2021 Wattpad	Content	acquisition	$ 600M	Detail