# FASSTO

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

- Industry: Software
- Headquarters: Seoul, South Korea
- Website: www.fassto.ai
- Total disclosed funding: $96M
- Latest round: Series D (Sep 2, 2024)
- Investors on record: 10

## About

Based in Seoul, South Korea, and founded in 2018, FASSTO operates as an artificial intelligence-based logistics platform company led by its CEO, Harris Jongwook Hong. In July 2026, FASSTO raised an undisclosed amount of pre-IPO funding from new investors NH Hedge Asset Management, AION Asset Management, and Cornerstone Investment Partners.

Pasto Co., Ltd. offers fulfilment management system services such as cold chain, shipping, Coupang shipments, overseas delivery, and overseas sourcing service. The company uses digital technologies such as artificial intelligence and big data for online sellers with limited capital and single-person businesses. In addition, FASSTO Self offers store delivery, product management, order management, and inventory management services.

The company plans to use the funding to enhance its warehouse automation technology, robotic solutions, and strategic partnerships.

## Funding rounds

- Series D, Sep 2, 2024, $14M — Shinhan Venture Investment, Yuanta Investment, Hana Ventures, SK D&D, Tigris Investment
- Series C, Aug 19, 2022, $11M — Yuanta Investment
- Series C, Apr 14, 2022, $65M — Korea Development Bank, VIG Partners, Shinhan Venture Investment, Hana Ventures, SK D&D
- Series B, Apr 15, 2021, $1.8M — Korea Development Bank
- Series A, Feb 29, 2020, $4.2M — Mirae Asset Venture Investment, Naver, Mirae Asset Capital

## Investors

- Mirae Asset Venture Investment (https://capitalatlas.ai/funds/mirae-asset-venture-investment) — Series A
- Naver — Series A
- Mirae Asset Capital (https://capitalatlas.ai/funds/mirae-asset-capital) — Series A
- Korea Development Bank (https://capitalatlas.ai/funds/korea-development-bank) — Series B, Series C
- VIG Partners (https://capitalatlas.ai/funds/vig-partners) — Series C
- Shinhan Venture Investment (https://capitalatlas.ai/funds/shinhan-venture-investment) — Series C, Series D
- Hana Ventures — Series C, Series D
- SK D&D — Series C, Series D
- Yuanta Investment (https://capitalatlas.ai/funds/yuanta-investment) — Series C, Series D
- Tigris Investment (https://capitalatlas.ai/funds/tigris-investment) — Series D