NAVER D2SF is the corporate venture capital arm of NAVER, investing in early-stage technology startups from seed to Series A. It focuses on sectors such as AI, robotics, healthcare, mobility, and spatial computing, fostering collaboration between startups and NAVER's ecosystem.
Deal activity increased 60% year-over-year (8 deals in the last 12 months). Their most common stage is series-a (54% of deals). Average disclosed round size is $14.4M (across 11 rounds with reported amounts).
Portfolio
30
Fund Size
—
Top Stage
Series A
Last 12 Mo
8
Team
SY
Sanghwan Yang
Partner
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
39 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 N.Light | Unknown | — | Aug 2026 |
| NNdotLight | Series B | — | Aug 2026 |
| SSAZO | Series A | — | Jul 2026 |
| QQMIT | Unknown | — | Jun 2026 |
 Soundable Health | Pre-Seed | — | Mar 2026 |
| NNuvilab | Series A | — | Mar 2026 |
| KKhameleon | Pre-Seed | — | Mar 2026 |
| SSorcerics | Unknown | — | Dec 2025 |
| GGravityLabs | Unknown | — | Sep 2025 |
| PPodonos | Pre-Seed | $2.4M | Sep 2025 |
| TTechTaka | Unknown | — | Jul 2025 |
 MOVIN | Series A | — | Mar 2025 |
| RRembrand, Inc. | Series A | $23M | Jan 2025 |
 SqueezeBits | Seed | — | Jan 2024 |
| OOnthelook | Series A | — | Dec 2022 |
 ReCon Labs Inc. | Series A | $4.4M | May 2022 |
| OOnthelook | Series A | — | Apr 2022 |
| MMORAI | Series B | $20M | Feb 2022 |
| N.Light | Series A | — | Jan 2022 |
| OOnthelook | Series A | — | Jan 2022 |
| NNdotLight | Series A | — | Jan 2022 |
 Recon | Series A | — | Jan 2022 |
 Modhaus | Series A | — | Jan 2022 |
| N.Light | Series A | — | Jan 2021 |
| NNdotLight | Series A | — | Jan 2021 |
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Top Co-Investors
Korea Development Bank5 shared
Korea Investment Partners4 shared
IMM Investment4 shared
Naver4 shared
FuturePlay3 shared
Kakao Investment2 shared
Shinhan Capital2 shared
DSC Investment2 shared
Atinum Investment2 shared
Bold Capital Partners2 shared
Greycroft2 shared
super{set}2 shared
CJ Investment2 shared
Deloitte Ventures1 shared
Sierra Ventures1 shared
Amity Ventures1 shared
Tess Ventures1 shared
Base10 Partners1 shared
Smash Capital1 shared
Stonebridge Partners1 shared
Last updated: 20 October 2026