Fast Track Asia

What Fast Track Asia does

Fast Track Asia Co., Ltd. is a South Korea-based company builder (startup holding company) founded in February 2012 by Ticketmonster founder Shin Hyun-sung, Five Rocks CSO Roh Jeong-seok, and Stonebridge Capital investment manager Park Ji-woong. Headquartered at Teheran-ro 151 in Gangnam-gu, Seoul, the firm creates and co-founds startups by assembling experienced IT entrepreneurs, ideas, and capital, explicitly distinguishing itself from conventional venture capital. Approximately 20 successful IT entrepreneurs — including former founders and executives of TicketMonster, Five Rocks, Nexon, Netmarble, and Hangame — participate as co-founders and investors, targeting millennial consumption categories such as food, housing, education, fashion, and daily necessities.

The active portfolio comprises core operating subsidiaries: FastFive (패스트파이브), a membership-based shared office operator running approximately 40 locations across Seoul as of 2021 with 25,188 cumulative members and 55% average annual member growth since 2017; Day1Company (데이원컴퍼니), the rebranded adult professional education platform formerly known as Fast Campus, organized as four independent CIC divisions (Fast Campus CIC, Lemonade CIC, Coloso CIC, Snowball CIC), which recorded 995 billion KRW in annual payment volume in 2021 (1.9x growth from 2020); Fast Investment and Fast Ventures, internal venture capital arms; and Fast Labs, a pre-seed company-building program. FastFive extended into adjacent services via FiveSpot (lounges), Office Solution (enterprise office management), Building Solution (landlord partnerships), and FiveCloud (IT consulting with Naver Cloud and Kakao Enterprise).

Fast Track Asia's business model is a hybrid of (a) equity value creation through co-founding startups and harvesting value via M&A exits (Hello Nature to SK Planet in 2016, Foodfly to Delivery Hero in 2017, Goodoc to Yellow Mobile in 2013, Quincee to ISE Commerce Group in 2013, Stripes to Taejin International in 2019); (b) operating subsidiary revenue at the portfolio level (FastFive revenue of 425 billion KRW in 2019; Day1Company B2B enterprise training contract value of 130 billion KRW in 2021); and (c) capital recycling through dividends (60 billion KRW distributed to shareholders following the Foodfly exit). Cumulative fundraising across the holding company and subsidiaries totals approximately 1,600 billion KRW, with a 220 billion KRW Series C investment from Krafton in June 2023 as the most recent disclosed round. The firm operates solely within South Korea and does not disclose consolidated group-level revenue.

Name

Fast Track Asia

Legal name

FAST TRACK ASIA Co., Ltd.

Website

https://fast-track.asia

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

51–100 employees

Short description

Fast Track Asia is a South Korea-based company builder founded in 2012 that creates and co-founds startups by combining experienced IT entrepreneurs, ideas, and capital. Its active portfolio includes FastFive (shared offices, ~40 Seoul locations) and Day1Company (adult education, 995B KRW 2021 payment volume), with five successful M&A exits to date.

Ownership category

akta.pro rank

Product category

Startup Holding / Company Builder

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Accelerator / Incubator-Backed ETA Programs (FSANALAD)

akta.pro secondary industries

Geography-Focused Venture Capital (Regional/Emerging Markets) (FSANAAAE), Geography-Focused ETA (e.g., LATAM/Europe/Asia) (FSANALAJ)

Keywords

• Startup company builder
• Venture capital investment
• Shared office spaces
• Adult professional education
• Startup holding company

Headquarters

HQ city

Seoul

HQ country

South Korea

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Startup Creation & Equity Value: Fast Track Asia creates new startups annually and holds equity in portfolio companies. Value is realized through M&A exits and ongoing company growth. Cumulative portfolio company value is approximately 8,000 billion KRW.
2. Investment Returns: The holding company and its portfolio companies have collectively raised approximately 1,600 billion KRW in cumulative investment. Fast Track Asia itself completed a Series C investment of approximately 220 billion KRW from Krafton.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

Fast Track Asia is a Company Builder / startup holding company that directly creates and co-founds new ventures annually by combining experienced IT entrepreneurs, validated business ideas, and capital. Active portfolio companies span adult education (Fast Campus/Day1Company), shared office platforms (FastFive), venture investment (Fast Investment, Fast Ventures), IT consulting (Five Cloud), workspace lounges (Five Spot), and office solutions for enterprises and building owners.

Product overview

Fast Track Asia operates as a Company Builder (startup holding company) that creates startups across multiple industries including education, real estate, investment, and fashion. The company directly establishes and grows startups by combining ideas, talent, and capital. Current active portfolio includes Fast Campus (renamed Day1Company in 2021) - an adult education platform with CIC structure containing Fast Campus CIC, Lemonade CIC, Coloso CIC, and Snowball CIC; Fastfive - a shared office platform offering co-working spaces, FiveSpot lounges, Office Solution, Building Solution, and FiveCloud IT consulting; and Fast Investment - a venture investment company. Past successful exits include Foodfly (acquired by Delivery Hero in 2017), Hello Nature (acquired by SK Planet in 2016), Good Doc, Quincee, and Stripes (acquired by Taejin International in 2019).

Differentiator

Problem solved

Functional benefit

Brands

• Fast Campus (패스트캠퍼스): Adult professional education platform offering courses in programming, UX/UI design, data analytics, marketing, business, finance, and foreign languages. Rebranded as Day1Company in 2021.
• Fast Five (패스트파이브)
• Fast Investment (패스트인베스트먼트)
• Fast Ventures (패스트벤처스)
• Fast Labs (패스트랩스)
• Day1Company (데이원컴퍼니)

Products and services

• FastFive Membership-based shared office and coworking space platform offering premium workspaces across approximately 40 locations in Seoul with wireless internet, furniture, snack bars, and community-building services. Operates 25,188 cumulative members as of 2021 and serves companies ranging from small startups (under 10 employees) to large enterprises (200+ employees).
• Fast Campus (Day1Company) Adult education platform offering practical job-oriented online and offline courses covering programming, UX/UI design, data analytics, marketing, business, finance, foreign languages, and creative skills. Includes B2B corporate training (130 billion KRW in 2021 contract value) and CIC divisions: Fast Campus CIC, Lemonade CIC, Coloso CIC, and Snowball CIC. Achieved 995 billion KRW in 2021 payment volume.
• Fast Investment Investment professional corporation making equity, debt, and real estate investments across various opportunities in the digital technology sector. Raises funds through various methods and generates returns through investment activities.
• Fast Ventures Venture capital firm established in 2019 for early-stage startup investment.
• Fast Labs Pre-seed/seed-stage startup support program created by Fast Track Asia's ecosystem companies to nurture aspiring entrepreneurs through structured company building.
• Five Spot Premium on-demand workspace lounge service providing office spaces accessible within 5 minutes anywhere in Seoul via monthly membership. Targets freelancers, small businesses, and large enterprises seeking distributed office solutions. Operated 7 locations with plans for 20+ by year-end 2021.
• Five Cloud IT consulting service launched by FastFive in October 2021 providing comprehensive IT consulting including SaaS, IaaS, network setup, security solutions, and information protection certification support. Offered in partnership with Naver Cloud, Kakao Enterprise, Microsoft, Adobe, Dropbox, and ESET.
• Office Solution One-stop office relocation and management service for companies with 100-1,000 employees. Covers property search, interior design and construction, and ongoing office operations and management.
• Building Solution Building solution service for property owners where FastFive remodels buildings into premium office spaces, manages occupancy rates, and shares revenue with building owners. Demonstrated reduction of vacancy rates from 65% to 16%.
• Coloso Premium creative education platform featuring S-class instructors in fields such as hair design, baking, design, and illustration. Provides career-oriented content for adults seeking to enter industries with high information barriers. Operated as Coloso CIC under Day1Company.

Quantifiable outcome

• FastFive maintains average vacancy rate of 3.24% across all locations, with 98.16% occupancy for mature locations (6+ months old)
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core, minor and flagship.

• Naver Cloud / Kakao EnterprisecoreTechnology or Integration · 1 October 2021FastFive partnered with Naver Cloud and Kakao Enterprise to obtain official MSP (Managed Service Provider) certification. These partnerships enable FastFive to provide comprehensive IT consulting services through 'Five Cloud,' including SaaS, IaaS, network setup, security solutions, and information protection certification support for member and external enterprise companies.
• Sookmyung Women's University Graduate School of Future Management (숙명여대 미래경영전문대학원)minorStrategic or Co-development Partner · 1 March 2021FastCampus signed an MOU with Sookmyung Women's University to produce MBA lecture content for its 'Online Education Subscription Service.' FastCampus handles video production and content development for business leadership lectures, providing 8 courses with 48 video clips to Sookmyung MBA students and FastCampus corporate subscribers.
• LG Electronics, CJ CheilJedang, Emart, KT, Kakao Mobility (FastCampus B2B clients)coreChannel Partner/ Reseller/ Distributor · 1 August 2020FastCampus serves these major Korean conglomerates as enterprise training clients, providing online B2B subscription services and customized corporate training programs. The B2B enterprise training division achieved 130 billion KRW in 2021 contract value.
• FastCampus / Day1Company (FastFive member training benefit)coreStrategic or Co-development Partner · 1 August 2020FastFive provides its member companies with preferential access to FastCampus online B2B subscription services. Within 4 weeks of partnership launch, 17 companies with 234 employees began using the service. The partnership connects FastCampus digital talent graduates with FastFive member companies for recruitment.
• FastCampus / Day1Company (investment by FastFive)flagshipStrategic or Co-development Partner · 1 June 2020FastFive invested 170 billion KRW in FastCampus to become its single largest shareholder. The partnership aims to provide FastFive member companies with preferential access to FastCampus educational content and to cross-sell FastFive office services to FastCampus corporate training clients. Synergy initiatives include talent recruitment programs connecting FastCampus graduates with FastFive member companies.
• Arizona State University (미애리조나대학)minorStrategic or Co-development Partner · 1 June 2019FastFive signed an MOU with Arizona State University for the creation of a global campus, expanding its international educational network and brand presence globally.

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Servcorp: Premium flexible office provider operating in Korea and across major Asian cities. Comparable to FastFive's premium positioning for enterprise tenants, and explicitly referenced in Fast Track Asia's blog as a peer benchmark.
• Y Combinator: The world's leading startup accelerator. Directly comparable to Fast Track Asia as a company-creation engine that combines founders, ideas, and capital to launch companies at scale, although YC operates a batch accelerator model while FTA co-founds ventures on an ongoing basis.
• Rocket Internet: Global company builder that creates and operates internet companies in emerging markets. Highly comparable business model to Fast Track Asia — both build operating businesses in sectors like food delivery (Foodfly/Hello Nature → Delivery Hero/SK Planet exits mirror Rocket's playbook) and hold controlling equity stakes.
• Antler: Global early-stage company builder that co-founds startups with founders across multiple geographies. Comparable to Fast Track Asia in combining talent sourcing, idea validation, and capital deployment to create new ventures at scale.
• Plug and Play Tech Center: Global startup accelerator and venture fund that co-creates companies with corporate partners. Comparable to Fast Track Asia's model of pairing entrepreneur partners (Krafton, etc.) with operating talent to launch new businesses.
• JustCo: Asia-Pacific coworking operator with significant presence in Seoul and other regional cities. Direct competitor to FastFive's shared office platform, particularly for mid-market and enterprise tenants across the region.

Broad incumbents

• IWG (Regus): Global flexible workspace leader (Regus, Spaces, HQ). Directly comparable to FastFive as a coworking/flexible office operator, though at far greater global scale; FastFive's Building Solution model competes for landlord partnerships with IWG's owner-franchise offering.
• Coursera: Global online adult education platform. Comparable to Day1Company (formerly Fast Campus) as a competitor in adult upskilling; both serve career changers and enterprise B2B training, though Coursera operates globally with university content while Day1Company is Korea-focused with practical skills content.

Others

• KB Investment: Major Korean venture capital and growth investor. Comparable to Fast Track Asia's Fast Investment and Fast Ventures subsidiaries as a Korean VC peer; relevant for benchmarking on Korean deal flow, valuations, and exit pathways.
• Korea Investment Partners: Korea's largest VC firm. Participated in FastFive's 2021 funding round, demonstrating peer overlap. Comparable as a Korean early-stage and growth investor relevant for benchmarking against Fast Track Asia's VC operations.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/fasttrackasia1
• Xx.com/fast_track_asia
• LinkedInlinkedin.com/company/3351692

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries12 records

Funding overview

Funding rounds3 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments17 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Fast Track Asia