NAVER Z (ZEPETO)

Empowering people to inspire and bring ideas to life

Seongnam, South Korea · Founded 2020 · $189.0M raised

Headquarters
Seongnam
Employees
201–500
Founded
2020
Business Model
B2C
Total Funding
$189.0M
Last Round
$189.0M Series BDec 2021
Rounds
1

About

NAVER Z Corporation is the subsidiary of NAVER that operates ZEPETO, Asia's largest 3D avatar-based social metaverse platform, along with ZEP and Sticker.ly. ZEPETO enables users to create personalized 3D avatars, explore virtual worlds, socialize, and participate in a creator economy where designers can build and sell digital fashion items and virtual spaces. Officially established as an independent entity in May 2020, NAVER Z has attracted investment from major brands including Softbank, YG Entertainment, and others, raising $190M in December 2021. The platform has collaborated with global fashion brands and entertainment IP, with headquarters in Seongnam, South Korea and offices in Los Angeles and Tokyo.

Summary

NAVER Z (ZEPETO) is an Artificial Intelligence company based in Seongnam, South Korea, founded in 2020. It has raised $189.0M in total across 1 round, most recently a $189.0M Series B round in Dec 2021. Investors include SoftBank, Mirae Asset and HYBE.

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Funding History

Series BSeries BDec 2021
$189.0M

Investors

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