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Softbank Invests $150M In Metaverse Platform Zepeto

Dec 07, 2021•over 3 years ago

Amount Raised

$150 Million

South Korea

Description

Softbank Vision Fund 2 is investing $150 million in Naver Z Corp., the operator of South Korea’s metaverse platform Zepeto, per a Wall Street Journal report.

Company Information

Company

Zepeto

Location

South Korea

About

Earlier, the Japanese investment firm had led a $93 million investment round in The Sandbox, a Hong Kong-based online game platform centered around blockchain technology. The SoftBank Vision Fund 2 investment values Zepeto at more than $1 billion. Launched in 2018, Zepeto is a technology startup focused on self-service data analytics and visualisation.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech