Naver has committed $118m to Korelya Capital's K-Fund I, which previously attracted $112m from the corporate and its spinout Line a year ago.
Internet group Naver will invest an additional €100m ($118m) in K-Fund I, a technology fund managed by France-based venture capital firm Korelya Capital, Reuters reported on Thursday.
The commitment follows a $56m investment by Naver in September 2016, alongside an investment of the same size by Line, the South Korea-based corporate’s Japan-based messaging app spinout. Line said at the time it hopes to tap into the European startup ecosystem through K-Fund I.
Korelya Capital was founded, and is led…
