Korelya Capital Information

Korelya Capital is the primary manager of a venture capital fund, K-Fund 1, which will invest €100 million in the high-tech industry in France and other European countries starting november 2016. This amount was provided by Naver and its subsidiary Line, which each contributed €50 million. KORELYA CAPITAL €100 MILLION TO INVEST IN FRANCE AND EUROPE The €100 million will break down as follows: - €70 million to purchase equity stakes in startups - €30 million to be invested in tech venture capital funds starting November 2016 Backed by Korelya Capital and K-Fund 1, Naver and Line will be able to pursue a strategic objective identifying and developing high-potential French and European startups in key Internet fields such as: - Artificial Intelligence - Big Data - Machine Learning - Deep Learning - Mapping - E-services Korelya Capital, which is tax resident in France, will be more than an investor and will be a strategic partner capable of providing its portfolio companies not only experience and technologies developed by Naver and Line but also an acces into the Asian market.