# Naver Webtoon

> Naver Webtoon is a VC fund in Seongnam backing Media and Entertainment and Animation. See 10 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Seongnam, South Korea
- Total investments: 10
- Last investment: Apr 2025
- Lead investor: 10%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/naver-webtoon-corp/
- Website: https://webtoonscorp.com/en/

Naver Webtoon is a VC fund in Seongnam focused on Media and Entertainment and Animation. Naver Webtoon specializes in content research and development, design, business support, and technology services.

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $4.7M–$11M |
| Series A | $9.7M–$10M |
| Series B | $12M–$189M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Media and Entertainment | 4 | 40% |
| Animation | 3 | 30% |
| Content | 2 | 20% |
| Publishing | 2 | 20% |
| 3D Technology | 2 | 20% |

20 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 5 | 50% |
| Series B | 3 | 30% |
| Series A | 2 | 20% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| South Korea | 8 | 80% |
| Japan | 1 | 10% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| MstoryHub | MstoryHub is the provider of digital content intended to entertain and engage audiences through diverse storytelling mediums. The company offers a wide range of products, including webtoons, web novels, anime videos, and other digital content, enabling entertainment enthusiasts to access captivating narratives and immersive experiences. |  | Series B | Apr 28, 2025 |  |
| Passionate Powerhouse | Passionate Power as a full-fledged multi-content IP in the future by designing and producing games, cartoons, movies, franchise items, and so on in constant partnership with domestic and overseas partners. |  | Seed | Sep 07, 2023 |  |
| Yeolhyeol Gangho | Yeolhyeol Gangho is dedicated to expanding the universe of the long-running martial arts comic through IP licensing, multimedia content, and brand collaborations. The company focuses on creating new content across various media platforms, including webtoons, web novels, films, and animations. It aims to deliver diverse and engaging experiences tothe audience. |  | Seed | Sep 07, 2023 |  |
| The Grim Entertainment | The Grim Entertainment publishes webtoons. | $10.9M | Seed | Jan 03, 2023 |  |
| Line | LINE develops calling and messaging applications for mobile phones in Japan and internationally. It offers LINE, a smartphone application that allows users to make free calls and messaging with other users regardless of which mobile network provider they are using.The company also offers NAVER, a search communication service; NAVER Matome, auser-participatory curation platform; Livedoor, a portal site; livedoor Blog, a blogging service; and livedoor News that provides information gathered from various news sources, as well as a range of advertising products. In addition, it operates LINE GAME, a platform that lets LINE users to play games. | $9.7M | Series A | Jul 13, 2022 |  |
| Line Next | Line Next is committed to advancing and expanding the worldwide NFT industry. LINE NEXT seeks to offer innovative digital experiences and pave the road for the future by utilising blockchain and NFT technology. | $10M | Series A | Jul 13, 2022 |  |
| JAKGACOMPANY | Jakga Company is a media agency that specialises in web contents. | $4.7M | Seed | Jun 14, 2022 |  |
| Cinamon | Cinamon provides a video generation tool that enables users to create 3D environments, direct scenes and actions, position characters, and adjust camera angles, all through the use of text prompts and sliders. The company's methodology is fundamentally distinct from traditional AI video generators, which produce videos by generating pixelsbased on text, images, and videos as reference materials. It is dedicated to enhancing technology within the realm of interactive gaming. CineV, an innovative solution currently in development, transforms user-inputted stories into videos set within a virtual 3D environment utilizing AI technology. | $8.4M | Seed | Jan 01, 2022 |  |
| BY4M | Operator of many distinctive and vibrant businesses intended to serve people. The company offers media commerce based on digital marketing capabilities and provides entertainment by planning new content, discovering hidden talents in music, publishing, and video, and enabling users to promote media and entertainment. | $11.6M | Series B | Dec 22, 2021 |  |
| NAVER Z | NAVER Z develops an application where users can create different 3D avatars online using facial recognition, AR, and 3D technology. The app allows users to create different identities online, where they can make friends across age, gender, race, and region, and they can go anywhere, transcending time and space. | $188.9M | Series B | Nov 30, 2021 |  |

10 of 10 investments shown.

## Co-investors
- [CJ ENM](https://shizune.co/investors/profile/cj-enm) — VC Fund, 2 deals together
- [Hashed](https://shizune.co/investors/profile/hashed-f96b) — VC Fund, 2 deals together
- [K Auction](https://shizune.co/investors/profile/k-auction) — VC Fund, 2 deals together
- [KB Investment](https://shizune.co/investors/profile/kbinvest) — VC Fund, 2 deals together
- [Laguna Investment](https://shizune.co/investors/profile/laguna-investment) — VC Fund, 2 deals together
- [Line Games](https://shizune.co/investors/profile/line-games) — VC Fund, 2 deals together

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## FAQ

### What does Naver Webtoon invest in?

Naver Webtoon invests primarily in Media and Entertainment, Animation and Content startups, most often at Seed and Series B stage. Most of the 10 investments tracked by Shizune back companies in South Korea. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Naver Webtoon's check size?

Naver Webtoon typically joins rounds of $4.7M–$11M at Seed, $9.7M–$10M at Series A and $12M–$189M at Series B. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Naver Webtoon participates in.

### When did Naver Webtoon last invest?

The most recent investment recorded for Naver Webtoon closed in Apr 2025. Shizune tracks 10 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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