Day1 Company Secures KRW 35 Billion in Series D Funding

– Investment participation from Hanwha Life, Signite Partners, Mirae Asset Securities, and PSTEC
– Total cumulative investment in Day1 Company reaches KRW 65 billion

April 21, 2022 – Day1 Company, a leading adult education content provider (CEO Kangmin Lee), announced today that it has successfully secured KRW 35 billion in new investment.

This round of Series D funding follows the company’s KRW 11.2 billion Series C round in December of last year. Key investors in this round include Hanwha Life, Signite Partners, Mirae Asset Securities, and PSTEC, who invested a total of KRW 35 billion in both new and existing shares. This brings the company’s total accumulated funding to KRW 65 billion.

Founded in 2014, Day1 Company specializes in adult education under the vision of “Life-Changing Education.” The company operates a wide range of services, including online vocational training, B2B corporate education, foreign language education, expert knowledge training, and job-focused programs. Day1 Company has demonstrated double-digit growth year-over-year, recording KRW 99.4 billion in transaction volume in 2021, solidifying its position as a leader in the adult education market.

In particular, the company’s adoption of a Corporate-Incubated Company (CIC) system has significantly contributed to its growth, along with the surge in demand for adult education due to the COVID-19 pandemic. In August last year, Day1 Company rebranded to reflect its nimble and flexible business operations, promoting its four business divisions to CIC status to encourage fast-paced and independent growth.

Each CIC has successfully driven rapid growth within its respective field. FastCampus CIC’s B2B education services, for instance, achieved KRW 13 billion in revenue, a threefold increase compared to the previous year. Lemonade CIC, responsible for foreign language education, revamped its Light Workbook series and launched new services like Newspresso and WannaSpeak, growing its membership base to 380,000 users.

Coloso CIC saw its expert knowledge platform generate KRW 24 billion in revenue last year and successfully expanded into the Japanese and U.S. markets. Meanwhile, Snowball CIC, which focuses on job-focused training, ran developer training programs tailored for major tech firms like Naver, Kakao, Line, Coupang, and Baemin, resulting in a high rate of employment for graduates at these companies.

In 2022, Day1 Company plans to further explore new areas of adult education, leading the growth of the adult education market. The company aims to strengthen its global competitiveness, building on its successful international expansion last year, while also aggressively pursuing the B2B market with the goal of becoming the top provider of corporate education services.

Kangmin Lee, CEO of Day1 Company, stated, “With the shrinking school-age population and growing interest in lifelong learning, the adult education market has never been more in the spotlight. As a pioneer in this market, Day1 Company will continue to lead adult education trends across a wide range of fields—from B2C to B2B and beyond Korea to the global stage—through bold initiatives and decisive actions.”