NAVER Z

Company

Investment-firm

Last deal

$4.2M
Local Amount - KRW 5B

Amount

Corporate Round

Stage

09.02.2022

Date

4

all rounds

$208M

Total amount

General

About Company
NAVER Z develops an app for creating 3D avatars online.

Industry

Sector :

Subsector :

founded date

01.01.2018

Number of employees

Last funding type

Corporate Round

IPO status

Private

Description

The app, called ZEPETO, uses facial recognition, AR, and 3D technology to allow users to create unique identities and make friends across age, gender, race, and region in a virtual world. With over 300 million lifetime users, ZEPETO is the fastest-growing avatar platform in Asia and is popular among Gen Zs. Entertainment and fashion industry leaders have partnered with Naver Z to reach this demographic, who socialize, entertain, and consume content on the platform. Launched in 2018, NaverZ Corp aims to provide a global AR avatar service and a metaverse that offers the next generation the freedom of identity in the virtual space.