# FADU Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fadu-technology

- Industry: Semiconductors
- Headquarters: Seoul, South Korea
- Website: www.fadu.io
- Total disclosed funding: $35M
- Latest round: Series B (Feb 19, 2020)
- Investors on record: 11

## About

Based in Seoul, South Korea, and founded in 2015, FADU Technology provides flash storage devices. The company was co-founded by Jihyo Lee, Dr. Peter Nam, and Dae Keun (DK) Lee. As of 2023, the company is headed by its CEO Jihyo Lee. In May 2025, FADU raised KRW 11.99 billion through the issuance of a private convertible bond to Zephyrus Lab to support the development of its next-generation Gen6 controller technology.

The company offers memory and flash storage technology, specializing in SSD controllers for artificial intelligence, data centers, and high-performance computing applications. The firm solution range includes ECHO Gen5, DELTA Gen4, and BRAVO Gen3.

The company plans to use the April 2022 funding to accelerate its IPO listing process.

## Funding rounds

- Series B, Feb 19, 2020, $1.7M — Hanwha Investment & Securities
- Series B, Dec 1, 2018, $18M — Reverent Partners
- Series A, Nov 29, 2017, $11M — Korea Development Bank, KDB Capital, Smilegate Investment, Capstone Partners, Samho Green Investment, Company K Partners, Zenitas Investment
- Seed, Dec 14, 2016, $5.1M — Forest Partners, SK Infosec

## Investors

- Forest Partners (https://capitalatlas.ai/funds/forest-partners) — Seed
- SK Infosec — Seed
- Korea Development Bank (https://capitalatlas.ai/funds/korea-development-bank) — Series A
- KDB Capital (https://capitalatlas.ai/funds/kdb-capital) — Series A
- Smilegate Investment (https://capitalatlas.ai/funds/smilegate-investment) — Series A
- Capstone Partners (https://capitalatlas.ai/funds/capstone-partners) — Series A
- Samho Green Investment (https://capitalatlas.ai/funds/samho-green-investment) — Series A
- Company K Partners (https://capitalatlas.ai/funds/company-k-partners) — Series A
- Zenitas Investment (https://capitalatlas.ai/funds/zenitas-investment) — Series A
- Reverent Partners (https://capitalatlas.ai/funds/reverent-partners) — Series B
- Hanwha Investment & Securities (https://capitalatlas.ai/funds/hanwha-investment-securities) — Series B