# FESCARO Co.

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

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Suwon, South Korea
- Website: www.fescaro.com
- Total disclosed funding: $19M
- Latest round: Series B (Apr 26, 2024)
- Investors on record: 11

## About

Based in Gyeonggi, South Korea, FESCARO Co., Ltd. (dba FESCARO) develops software solutions for future mobility applications, including automotive cybersecurity, IT infrastructure, SDV controllers, V2X communication security, and charging infrastructure security. The company serves global automakers and ECU/controller developers with technologies designed to address increasingly complex cybersecurity and regulatory compliance requirements in connected vehicles. The company maintains its headquarters and corporate research institute in Suwon, South Korea. In December 2025, FESCARO Co., Ltd.?raised?KRW 20.15 billion?in an IPO, selling? 1.3 million shares?at KRW 15,500 per share at KOSDAQ, under the ticker "0015S0".
The company focuses on automotive cybersecurity solutions, SDV controller development, V2X cybersecurity technologies, next-generation EV charging security solutions, and IT infrastructure services. FESCARO provides software and security technologies designed to support connected and software-defined vehicles throughout the mobility ecosystem.
The company's revenue is generated through the development and provision of automotive cybersecurity software, SDV controller solutions, V2X security technologies, EV charging security products, and related IT infrastructure services for automotive OEMs and controller developers. 
The company aims to expand its role as a future mobility software solutions provider by strengthening its capabilities across automotive cybersecurity, SDV platforms, V2X technologies, and next-generation mobility infrastructure. The rationale behind recent investor interest and the company's public market listing appears to be its position in the growing automotive cybersecurity and software-defined vehicle market, although the company has not publicly disclosed a detailed use-of-proceeds statement in the sources reviewed.

## Funding rounds

- Series B, Apr 26, 2024, $14M — Shinhan Bank, ID Ventures, NH Hedge Asset Management, InterValue Partners, Korea Credit Guarantee Fund, Hanwha Investment & Securities, Intellectual Discovery, AhnLab, UbiQuoss Investment
- Series A, Apr 5, 2023, $4.9M — ID Ventures, InterValue Partners, Korea Credit Guarantee Fund, Intellectual Discovery, AhnLab
- Seed, Oct 1, 2017 — Novogy, Inc., Sunbo Angel Partners

## Investors

- Novogy, Inc. — Seed
- Sunbo Angel Partners (https://capitalatlas.ai/funds/sunbo-angel-partners) — Seed
- ID Ventures (https://capitalatlas.ai/funds/id-ventures) — Series A, Series B
- InterValue Partners (https://capitalatlas.ai/funds/intervalue-partners) — Series A, Series B
- Korea Credit Guarantee Fund — Series A, Series B
- Intellectual Discovery (https://capitalatlas.ai/funds/intellectual-discovery) — Series A, Series B
- AhnLab — Series A, Series B
- Shinhan Bank — Series B
- NH Hedge Asset Management — Series B
- Hanwha Investment & Securities (https://capitalatlas.ai/funds/hanwha-investment-securities) — Series B
- UbiQuoss Investment (https://capitalatlas.ai/funds/ubiquoss-investment) — Series B