Line has committed capital to funds managed by DAG Ventures and Korelya Capital, with the latter also attracting money from Naver for a total of $112.
Japan-based messaging app provider Line invested in two funds yesterday operated by US-based VC firm DAG Ventures and France-based venture capital firm Korelya Capital, respectively.
Line has not disclosed details about its commitment to DAG’s vehicle, though it revealed its investment in Korelya’s K-Fund I is €50m ($56m). South Korea-based internet company Naver, which spun out Line through a $1.14bn IPO in July, is also providing €50m to the K-Fund I.
Launched in 2011,…
