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 300% year-over-year (8 deals in the last 12 months). Their most common stage is series-a (57% of deals). Average disclosed round size is $9.3M (across 7 rounds with reported amounts).
Portfolio
24
Fund Size
—
Top Stage
Series A
Last 12 Mo
10
Team
SY
Sanghwan Yang
Partner
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
30 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 N.Light | Unknown | — | Aug 2026 |
| NNdotLight | Unknown | — | 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 |
 Rembrand | Series A | $23M | Jan 2025 |
| OOnthelook | Series A | — | Dec 2022 |
 ReCon Labs Inc. | Series A | $4.4M | May 2022 |
 RECON Labs | Unknown | $4.4M | May 2022 |
| OOnthelook | Series A | — | Apr 2022 |
| N.Light | Series A | — | Jan 2022 |
| OOnthelook | Series A | — | Jan 2022 |
| NNdotLight | Series A | — | Jan 2022 |
| N.Light | Series A | — | Jan 2021 |
| NNdotLight | Series A | — | Jan 2021 |
 Medibloc | Series A | — | — |
 PranaQ | Seed | $3M | — |
 RebuilderAI | Series A | — | — |
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Top Co-Investors
IMM Investment4 shared
Naver4 shared
Korea Development Bank3 shared
Korea Investment Partners2 shared
Shinhan Capital2 shared
Bold Capital Partners2 shared
Greycroft2 shared
super{set}2 shared
Kakao Investment1 shared
Deloitte Ventures1 shared
Atinum Investment1 shared
Sierra Ventures1 shared
Amity Ventures1 shared
Tess Ventures1 shared
Base10 Partners1 shared
Smash Capital1 shared
Stonebridge Partners1 shared
JAPAN POST CAPITAL Co., Ltd.1 shared
DSC Investment1 shared
Smilegate Investment1 shared
Last updated: 8 September 2026