# CROCUS

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/crocus

- Industry: Software
- Headquarters: Seoul, South Korea
- Website: www.crocus.ai
- Total disclosed funding: $19M
- Latest round: Series C (Nov 18, 2025)
- Investors on record: 21

## About

Founded in 2016 and based in Seoul, South Korea, CROCUS Inc., operates as a power and utility company that offers various electric vehicle charging solutions. In November 2025, CROCUS Inc. raised KRW 17 billion in series B funding from new investors KR Ventures, Novorsec Investment, Samsung Securities, SBI Investment Korea, KB Securities, WOORI Venture Partners, Korea Investment & Securities, Daishin Securities, Industrial Bank of Korea, and NH Hedge Asset Management. Returning investors KB Investment and S&S Investment also participated in the round. As of 2025, the company is led by its CEO, Daniel Chi-seop.

The company offers various electric vehicle charging solutions that include Acelo EV, a digital platform used for rapid charging and providing a control system, and Acelo GRID, which optimizes power systems and offers management solutions with failure prediction and diagnosis technology. CROCUS  also provides a mobile application platform with user authentication, billing, payment consent functions, and Inquiry functions such as charge rate, charge history, location, and many more.

The company will use the 2025 funding to further expand its factory and research and improve its research and development.

## Funding rounds

- Series C, Nov 18, 2025, $12M — SBI Investment Korea, Korea Investment & Securities, KB Investment, WOORI Venture Partners, Industrial Bank of Korea, Samsung Securities, NH Hedge Asset Management, KB Securities, Daishin Securities, S&S Investment, KR Ventures, Novorsec Investment
- Series B, Mar 22, 2023, $4.9M — Shinhan Asset Management, E&Investment, S&S Investment, Pioneer Investment
- Series A, Jul 29, 2020, $2.9M — Samsung Venture Investment, GU Equity Partners
- Seed, Dec 1, 2018 — KDB Capital, FuturePlay, Bass Ventures
- Seed, Sep 1, 2018 — FuturePlay, Korea Tech Incubator for Startup

## Investors

- FuturePlay (https://capitalatlas.ai/funds/futureplay) — Seed
- Korea Tech Incubator for Startup — Seed
- KDB Capital (https://capitalatlas.ai/funds/kdb-capital) — Seed
- Bass Ventures (https://capitalatlas.ai/funds/bass-ventures) — Seed
- Samsung Venture Investment (https://capitalatlas.ai/funds/samsung-venture-investment) — Series A
- GU Equity Partners (https://capitalatlas.ai/funds/gu-equity-partners) — Series A
- Shinhan Asset Management (https://capitalatlas.ai/funds/shinhan-asset-management) — Series B
- E&Investment (https://capitalatlas.ai/funds/e-investment) — Series B
- S&S Investment (https://capitalatlas.ai/funds/s-s-investment) — Series B, Series C
- Pioneer Investment — Series B
- SBI Investment Korea (https://capitalatlas.ai/funds/sbi-investment-korea) — Series C
- Korea Investment & Securities (https://capitalatlas.ai/funds/korea-investment-securities) — Series C
- KB Investment (https://capitalatlas.ai/funds/kb-investment) — Series C
- WOORI Venture Partners (https://capitalatlas.ai/funds/woori-venture-partners) — Series C
- Industrial Bank of Korea — Series C
- Samsung Securities — Series C
- NH Hedge Asset Management — Series C
- KB Securities (https://capitalatlas.ai/funds/kb-securities) — Series C
- Daishin Securities — Series C
- KR Ventures (https://capitalatlas.ai/funds/kr-ventures) — Series C
- Novorsec Investment (https://capitalatlas.ai/funds/novorsec-investment) — Series C