NAVER D2SF and NAVER Ventures
Profile, fund size and portfolio
NAVER D2SF and NAVER Ventures is the corporate venture arm of NAVER Corporation (internet platform). It was founded in 2015 and is based in Seoul, South Korea. It invests from Pre-seed to Series C+ in AI, healthcare, content.
- Companies backedS2
- 110
Every figure links to its source
Snapshot
Data behind this graphic
| Item | Value |
|---|---|
| Stage range | Pre-seed to Series C+ |
| Sectors | AI, Healthcare, Content, Spatial Computing, Commerce, Robotics |
| Geography | South Korea, United States: SF Bay Area, Texas, Utah, New York, Japan and Singapore, North America (Portfolio companies by region, from the firm's portfolio page) |
| Offices | Seoul (Gangnam), South Korea, Seongnam (NAVER HQ, Bundang), South Korea, Silicon Valley (city not stated), United States |
Sources: S2 NAVER D2SF public portfolio feed (d2sf.naver.com/api/portfolios?display=200, 110 records) behind the portfolio page.
Data behind this graphic
| Item | Companies | Share |
|---|---|---|
| Active | 112 | 92.6% |
| Exited | 9 | 7.4% |
Status as the firm tags it
Sources: S2 NAVER D2SF public portfolio feed (d2sf.naver.com/api/portfolios?display=200, 110 records) behind the portfolio page.
Data behind this graphic
| Measure | Value | Unit | Kind | Source |
|---|---|---|---|---|
| Headline size | Not disclosed by the firm. | |||
| Companies backed | 110 | companies | Stated by the firm | S2 |
| Companies on the firm's portfolio page | 121 | companies | Counted from the firm's own list | S2 |
Sources: S2 NAVER D2SF public portfolio feed (d2sf.naver.com/api/portfolios?display=200, 110 records) behind the portfolio page.
Where it invests and who leads it
Geography
- Headquarters
- Seoul, South Korea
- Offices
- Seoul (Gangnam), South Korea
- Seongnam (NAVER HQ, Bundang), South Korea
- Silicon Valley (city not stated), United States
Portfolio companies by regionS2
Portfolio companies by region, from the firm's portfolio page
LeadersS13S5
- Sang-hwan YangHead (center leader) of NAVER D2SFLinkedInFirm page
- Namsun KimManaging Partner, NAVER Ventures (Naver press release: President of investments)LinkedInFirm page
- Yong Jung ParkGeneral Partner, NAVER Ventures (GCV: founding general partner)LinkedInFirm page
- Tony KimPrincipal, NAVER VenturesLinkedInFirm page
- Jinyoung HwangAssociate, NAVER VenturesLinkedInFirm page
Key facts
| Fact | Value | Status | Source |
|---|---|---|---|
| Parent company | NAVER Corporation | Single source | S8 |
| Parent industry | Internet platform (search, commerce, fintech, content, cloud) | Single source | S1 |
| Founded | 2015 | Single source | S1 |
| Headquarters | Seoul, South Korea | Single source | S3 |
| Status | Active | Single source | S6 |
| Capital source | Parent company only | Single source | S8 |
| Companies backed | 110 | Single source | S2 |
| Stages | Pre-seed, Seed, Series A, Series B, Series C+ | Single source | S2 |
Portfolio
The firm's portfolio page lists 121 companies: 9 exited, 112 active.S2
| Tag | Companies | Share |
|---|---|---|
| Exited | 9 | 7.4% |
| Active | 112 | 92.6% |
Every company on the NAVER D2SF and NAVER Ventures list
121 companies, as listed on the firm's own website: 112 active, 9 exited.S2 Read the firm's list.
Active 112
- 23i
- Adriel
- AIDKOREA
- AIMIntelligence
- ALETHIO
- ALLINK
- AmoLab
- ANCHORNODE
- Anthropic
- ArtificialSociety
- ARTLab
- Atommerce
- AudAi
- Baobab Studios
- BeyondHoneycomb
- BLUEDOT
- cashmere
- ckml
- Claythis
- Clobot
- clonelabs
- cnaps
- Contxts
- DAIM
- DATARIZE
- Deepauto
- DEEPIXEL
- Deepmedi
- doinglab
- DSRV
- ElevenLabs
- Elice
- Emocog
- Enhans
- ESPRESOMEDIA
- EVAR
- F4GE
- Fitt
- Floatic
- FuriosaAI
- GaudioLab
- Gazilab
- Genesislab
- GenGenAI
- GoodGangLabs
- GravityLabs
- HDJunction
- Huraypositive
- ichrogene
- idecca
- ImpriMed
- Instinct
- ITBASIC
- khameleon
- KRISTINCOMPANY
- Laplace
- LetinAR
- loplat
- MARK
- Mobiltech
- modooshuttle
- MORAI
- MOVIN
- Munice
- MyFranchise
- NCER
- NdotLight
- Netomi
- NewVessel
- Ninecorp
- Nuvilab
- Onthelook
- Petpeotalk
- Pixelity
- Planetarium
- PLASK
- Podonos
- Positron AI
- Pozalabs
- PranaQ
- PredictivCare
- QMIT
- QSTAG
- Rain
- Rebuilderai
- RECONLabs
- Rembrand
- ROBOARETE
- SAZO
- SCON
- SevenPointOne
- Soundable
- Soundgym
- STUDIOLAB
- SummerRobotics
- Suno
- TECHTAKA
- Theori
- Therabyte
- THEWAVETALK
- TUNiB
- Twelve Labs
- UNEEDCOMMS
- UrivetKorea
- Vast Data
- VirtualFlow
- Weavrcare
- whereableai
- Whydots
- YesPlzAI
- zemotion
- ZEZEDU
Exited 9
- buzzmusiq
- CompanyAI
- Crowdworks
- MakinaRocks
- nota
- Polariant
- SqueezeBits
- vdo
- Wellxecon
Notable outcomes
IPOs and acquisitions of portfolio companies. Price shown only where published.
For founders
| Item | What the firm says | Source |
|---|---|---|
| Stages | Pre-seed, Seed, Series A, Series B, Series C+ | S2 |
| Leads rounds | Sometimes. "co-led by NEA and NAVER Ventures" | S9 |
| Beyond capital | Apply page lists direct investment, GPU and cloud infrastructure, office in Gangnam or NAVER HQ, PR and marketing support, UX/UI feedback, follow-on fundraising support, tech founder community, global network, collaboration with NAVER | S3 |
Recent rounds
History
- NAVER D2SF founded (own site; 21 May 2015 per 10th-anniversary story).S1
- Crowdworks lists on KOSDAQ.S2
- D2SF marks 10 years: 115 teams, valuation KRW 5.2 trillion (2025-05-13); NAVER Ventures announced 2025-06-08 with TwelveLabs as first investment; nota lists.S7
- TwelveLabs USD 100M Series B co-led (July); Positron Series C (Sept); MakinaRocks lists; SqueezeBits acquired.S9
Where sources disagree
- Companies backed: 110 records in portfolio feed (2026-10-02) (S2) vs 115 teams invested in over 10 years (NAVER press release, 2025-05-13) (S7) vs 106 startups shown in portfolio page header (profile reading, 2026-09-30) (S2). Press counts cumulative teams; feed shows published records; NAVER Ventures' 11 companies are extra.S2S7S2
Official pages
Read the firm's own pages for current information.
- Website d2sf.naver.com/en
- Portfolio d2sf.naver.com/en/portfolio
- LinkedIn company page www.linkedin.com/company/naverd2sf
Sources
- S1NAVER D2SF site: Who we areFirm
- S2NAVER D2SF public portfolio feed (d2sf.naver.com/api/portfolios?display=200, 110 records) behind the portfolio pageFirm
- S3NAVER D2SF site: Apply page (investment inquiry, office, support)Firm
- S4NAVER Ventures site: home and portfolio (11 companies)Firm
- S5NAVER Ventures site: team page (4 people, LinkedIn links)Firm
- S6NAVER Ventures site: news and content listFirm
- S7NAVER press release: D2SF 10 years (Korean, 2025-05-13)Parent company
- S8NAVER press release: planned establishment of NAVER Ventures (2025-06-08)Parent company
- S9TwelveLabs: raised USD 100M Series B, co-led by NEA and NAVER Ventures (2026-07-01)Portfolio company
- S10Tony Kim (NAVER Ventures) Substack: Why we invested in Positron AI (2026-09-10)Firm
- S11Variety: Baobab Studios lands Naver Ventures investment (2026-08-27)Press
- S12Seoul Economic Daily: Enhans secures investment from Naver Ventures (2026-04-20)Press
- S13Digital Daily: Q&A with D2SF head Yang Sang-hwan (Korean, 2025-05-13)Press
- S14Global Venturing: Powerlist 2026, Yong-Jung Park, Naver Ventures (2026-06-22)Press
- S15Search result listing Sanghwan Yang LinkedIn profile (Founder, Head of NAVER D2SF)Third-party report
- S16Yonhap: Naver D2SF at 10, 115 startups, cumulative value KRW 5.2T (2025-05-13)Press
- S17Tatler Asia: Where's the Money, Namsun Kim (2025-12-08)Press
Disclaimer and corrections
Not affiliated. This page is not affiliated with, endorsed by or sponsored by NAVER D2SF and NAVER Ventures or any company named on it. Names and trademarks belong to their owners. Informational only. This is a public-source reference. It is not investment, legal or tax advice and not an offer or solicitation. Sources. Each figure names its source. Figures may have changed. Please read the firm's official pages, linked above. Corrections and takedown. To report an error or ask for a change or removal, use the correction form or email Richard@CorporateVentureCapital.com.
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