Fasoo
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Fasoo - overview
Established
2000
Location
Seoul, -, South Korea
Primary Industry
Software
About
Fasoo, based in South Korea, specializes in data security solutions, offering comprehensive services for the management and protection of sensitive enterprise data across various industries. Fasoo, founded in 2000 in Seoul, South Korea, focuses on data security and lifecycle control of unstructured data. The company has executed 4 deals, with a notable funding round occurring in October 2013 when it raised KRW 9. 28 billion through an IPO.
The Series B funding round attracted investors such as KB Investment, totaling KRW 4,000 million raised. Fasoo provides the Fasoo Data Security Platform, which offers lifecycle control for enterprise-sensitive unstructured data, including data protection, secure collaboration, content management, and user behavior analytics. Key features include data discovery and classification, and advanced protection solutions that ensure compliance with security regulations. The platform serves over 2,000 organizations in sectors like technology, finance, and healthcare, with a global reach across North America, Europe, and Asia-Pacific.
In 2024, Fasoo generated revenue of KRW 33,824,979,112. 6, with an EBITDA of KRW 4,837,782,267. 8. The company's revenue model is subscription-based, involving annual or multi-year contracts for its data security services.
Fasoo is focused on expanding its product offerings and entering new geographic markets. The company plans to launch new security features in 2025 aimed at enhancing data protection and compliance solutions. Additionally, it aims to expand its footprint in Europe and Asia-Pacific by the end of 2025. The funds raised during the Series B round will be utilized to support these product developments and international market expansions.
Current Investors
KDB Capital
Primary Industry
Software
Sub Industries
Storage Management Software
Website
www.fasoo.com
Verticals
IoT (Internet of Things)
Company Stage
Mature
Total Amount Raised
Subscriber access only
Fasoo - financials
| Fiscal Year Ended | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 21,358,791,016 | 23,124,986,407 | 25,287,012,650 | 21,443,571,411 | 29,288,075,055 | 32,243,433,001 | 35,364,080,497 | 36,405,888,030 | 42,174,716,141 | 44,123,812,663 | - | - | - |
| % Revenue Growth (YoY) | - | 8.3% | 9.3% | (15.2%) | 36.6% | 10.1% | 9.7% | 2.9% | 15.8% | 4.6% | - | - | - |
| EBITDA (USD) | 1,424,972,643 | 3,227,656,286 | 2,242,626,543 | (5,521,973,356) | 3,495,257,348 | 3,734,717,614 | 963,624,143 | 3,814,983,342 | 8,983,682,699 | 9,685,690,333 | - | - | - |
| Operating Income (USD) | 1,424,972,643 | 1,627,690,286 | 262,774,543 | (7,814,437,356) | 1,299,747,348 | 1,533,109,614 | (3,621,274,857) | (1,239,120,658) | 4,229,246,699 | 5,196,974,333 | - | - | - |
| Operating Margin | 6.7% | 7.0% | 1.0% | (36.4%) | 4.4% | 4.8% | (10.2%) | (3.4%) | 10.0% | 11.8% | - | - | - |
| % EBITDA Margin | 6.7% | 14.0% | 8.9% | (25.8%) | 11.9% | 11.6% | 2.7% | 10.5% | 21.3% | 22.0% | - | - | - |
| NET Income (USD) | 1,806,064,848 | 2,179,841,307 | 852,026,716 | (12,140,875,797) | 555,315,716 | 975,182,936 | (4,500,123,680) | (751,917,610) | 4,106,888,081 | 5,273,931,495 | - | - | - |
| % Net Margin | 8.5% | 9.4% | 3.4% | (56.6%) | 1.9% | 3.0% | (12.7%) | (2.1%) | 9.7% | 12.0% | - | - | - |
Fasoo - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Pharos Networks | - | ||||||||
| PIPE | Completed | Fasoo | - | ||||||||
| IPO | Completed | Fasoo | - | ||||||||
| Unspecified Round | Completed | Fasoo | - |
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