# FASTFIVE Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fastfive-co

- Industry: Commercial Property
- Headquarters: Seoul, South Korea
- Website: www.fastfive.co.kr
- Total disclosed funding: $92M
- Latest round: Series E (Jun 10, 2021)
- Investors on record: 21

## About

FASTFIVE Co., Ltd. is based in South Korea and specializes in providing flexible shared office spaces tailored for startups and small to medium-sized enterprises, enhancing productivity and collaboration through its innovative offerings.Founded in 2015, FASTFIVE Co., Ltd. operates in Seoul, South Korea, focusing on delivering shared office solutions to its clients. The company has secured a total of 7 deals, with its most recent funding occurring on June 10, 2021, when it raised KRW 29.999 billion in a Series E round, supported by investors including Aarden Partners and Atinum Investment. The company's CEO team consists of Bryan O'Connor, Daeil Kim, and Pawel Szlapka.FASTFIVE offers a range of shared office solutions including private offices, dedicated desks, meeting rooms, and customizable workspaces aimed at fostering collaboration. Their mobile application enhances user experience by facilitating room reservations and access to amenities. The company addresses overhead cost concerns and the need for adaptable workspaces with flexible leasing options, significantly expanding its presence in major South Korean cities such as Seoul, Pangyo, Seongsu, and Magok.For the most recent fiscal year 2024, FASTFIVE reported revenues of KRW 94,976,318,764.50 and an EBITDA of KRW 4,468,719,581.70. Revenue is primarily generated through subscription-based models that allow clients to choose office space according to their needs, with pricing structures accommodating various budgets.Following its Series E funding on June 10, 2021, FASTFIVE intends to leverage the KRW 29.999 billion raised to diversify its product offerings and aggressively expand its shared office business. The funds will support the development of new office solutions and marketplace openings in targeted regions, enhancing their operational capacity to meet the growing demand in the market.

## Funding rounds

- Series E, Jun 10, 2021, $27M — Korea Development Bank, KDB Bank, Atinum Investment, Korea Investment Partners, Kakao Investment, T.S. Investment, Aarden Partners, CL Partners
- Series D, Jul 9, 2019, $33M — SBI Investment Korea, Shinhan Venture Investment, KB Investment, Atinum Investment, IMM Investment, Shinhan Bank, Premier Partners, Samsung Securities, Hana Ventures, Log Investment
- Series C, Feb 20, 2018, $19M — Atinum Investment, Time Folio Asset Management
- Series B, May 24, 2017, $11M — ID Ventures, T.S. Investment, Quantum Ventures Korea
- Series A, Dec 1, 2016, $2.5M — Premier Partners, Tigris Investment

## Investors

- Premier Partners (https://capitalatlas.ai/funds/premier-partners) — Series A, Series D
- Tigris Investment (https://capitalatlas.ai/funds/tigris-investment) — Series A
- ID Ventures (https://capitalatlas.ai/funds/id-ventures) — Series B
- T.S. Investment (https://capitalatlas.ai/funds/t-s-investment) — Series B, Series E
- Quantum Ventures Korea (https://capitalatlas.ai/funds/quantum-ventures-korea) — Series B
- Atinum Investment (https://capitalatlas.ai/funds/atinum-investment) — Series C, Series D, Series E
- Time Folio Asset Management — Series C
- SBI Investment Korea (https://capitalatlas.ai/funds/sbi-investment-korea) — Series D
- Shinhan Venture Investment (https://capitalatlas.ai/funds/shinhan-venture-investment) — Series D
- KB Investment (https://capitalatlas.ai/funds/kb-investment) — Series D
- IMM Investment (https://capitalatlas.ai/funds/imm-investment) — Series D
- Shinhan Bank — Series D
- Samsung Securities — Series D
- Hana Ventures — Series D
- Log Investment (https://capitalatlas.ai/funds/log-investment) — Series D
- Korea Development Bank (https://capitalatlas.ai/funds/korea-development-bank) — Series E
- KDB Bank — Series E
- Korea Investment Partners (https://capitalatlas.ai/funds/korea-investment-partners) — Series E
- Kakao Investment (https://capitalatlas.ai/funds/kakao-investment) — Series E
- Aarden Partners (https://capitalatlas.ai/funds/aarden-partners) — Series E
- CL Partners — Series E