What is Fave?
Founded in 2015 and headquartered in Kuala Lumpur, Malaysia, Fave specializes in offering a wide array of discounts on beauty services, food, and activities throughout the Asian market. The company has established itself as a key player in the e-commerce and lifestyle sector, leveraging its platform to connect consumers with local businesses seeking to drive customer traffic and sales through promotional offers. Its operational model is designed to foster growth by aggregating demand and providing value-added services to both consumers and merchants.
How much funding has Fave raised?
Fave has raised a total of $32M across 2 funding rounds:
Series A
$12M
Series B
$20M
Series A (2016): $12M with participation from Southeast Asian Ventures
Series B (2018): $20M, investors not publicly disclosed
Key Investors in Fave
Southeast Asian Ventures
Southeast Asian Ventures is an investment firm that likely focuses on supporting companies with significant growth potential within the Southeast Asian region, particularly in the technology and consumer sectors.
What's next for Fave?
The substantial enterprise-level backing indicates a strategic phase for Fave, likely focused on scaling its operations, expanding its market reach within Asia, and potentially enhancing its technological infrastructure. The company's trajectory suggests a move towards solidifying its market leadership and exploring new avenues for revenue generation. Future developments may include strategic partnerships, further geographic expansion, and the introduction of new service categories to its discount offerings, all supported by the recent capital infusion.
See full Fave company page
