April 19, 2024

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Seoul-based educational startup Fast Campus said on July 31 that it had secured 10 billion won ($8.46 million) series B funding from multiple investors to open more classes and ensure optimized experience for end-users.

Courtesy of Fast Track Asia

Joining the latest round were Devsisters Ventures, Valuesystem Investment Management, Skywalk Asset Management, Seoul Investment Partners and Woori Technology Investment, as well as the startup’s holding company Fast Track Asia.

It took two months to close the funding round, and in the meantime, the size of the series B round doubled from its initial plan, according to Fast Campus.

The funding will be used to advance user experience for offline end-users, launch subscription channels, tap into e-learning market and open more classes.

Since its foundation in 2014, Fast Campus has offered “full-stack” higher education services targeting adults -- from employees to entrepreneurs. It runs classes for data science, programming, marketing, finance and foreign language. Launching “Coloso,” the coverage of the classes will expand to hairdressing, cooking, cartoon and fashion design.

Fast Campus was spun off from Fast Track Asia in April 2017. Under the umbrella of Fast Track Asia are shared space operator Fastfive, fashion brand Stripes and venture capital firm Fast Investment.

By Son Ji-hyoung (consnow@heraldcorp.com)