Day1 Company Secures KRW 10 Billion Investment from Hong Kong’s Cowell Investment Group

– Successfully completes Series C round led by overseas investors, bringing total funding to KRW 29 billion
– Highlights explosive growth potential in the adult education market and Day1 Company’s competitive edge in content-driven offerings

December 13, 2021 – Day1 Company, a leading adult education company, has secured a new KRW 10 billion investment from both Hong Kong and domestic investors. This round was led by Hong Kong-based Cowell Investment Group, with participation from Korea’s Com2uS and Crit Ventures. With this investment, Day1 Company’s total accumulated funding has reached KRW 29 billion.

Day1 Company offers a wide range of adult education content, focusing on practical digital skills, foreign language education, vocational skills for freelancers and self-employed individuals, and IT developer training. In 2020, the company’s revenue grew from KRW 26 billion in 2019 to KRW 42 billion, and it now serves a client base of 480,000 adult learners, making it the largest in the industry.

In August, Day1 Company rebranded from its former name, FastCampus, as its various business segments grew. It also implemented the Company in Company (CIC) system, appointing independent heads for each business unit. This change enabled faster, more flexible business operations, creating four independent companies under the Day1 Company umbrella: FastCampus CIC, Lemonade CIC, Coloso CIC, and Snowball CIC.

The lead investor, Cowell Investment Group, is a Hong Kong-based family office that invests globally across various stages of business growth. In Korea, Cowell has been actively investing in early-stage startups and venture funds since 1999.

JY Kwak, CEO of Cowell Investment Group, stated, “We invested in Day1 Company because it is a startup revolutionizing the Korean adult education market with a strong content-driven team that swiftly executes various expansion strategies. Moving forward, we plan to expand our investments in other Korean companies as well.”

Kangmin Lee, CEO of Day1 Company, said, “With our vision of ‘Life-changing Education,’ we aim to lead new trends in the education market through continued content and service innovation. We will strengthen our market leadership in adult education and work to extend Korea’s educational competitiveness into international markets.”