What is Favful?
Favful operates as a beauty advisory platform designed to empower consumers in making informed beauty choices. The platform offers personalized search functionalities, unbiased reviews, tutorials, tips, and news, aiming to demystify the often overwhelming beauty market. The company's mission is to foster a community where individuals can support each other in navigating beauty decisions.
How much funding has Favful raised?
Favful has raised a total of $600K across 2 funding rounds:
Angel/Seed
$100K
Angel/Seed
$500K
Angel/Seed (2016): $100K with participation from Segnel Venture and 500.com
Angel/Seed (2016): $500K led by Gobi Partners
Key Investors in Favful
Segnel Venture
Segnel Venture is a venture building company based in Singapore that invests in seed and early-stage startups across Southeast Asia, India, and Japan, focusing on supporting entrepreneurs with sustainable ideas.
500.com
500.com Limited is a leading online sports lottery service provider in China, offering integrated online lottery services and information.
Gobi Partners
Gobi Partners is a venture capital firm with a regional presence across China, Hong Kong, and ASEAN, supporting entrepreneurs from early to growth stages in emerging and underserved markets.
What's next for Favful?
With the recent major strategic investment, Favful is poised for significant expansion and enhancement of its platform. This capital infusion is expected to fuel further development of its personalized beauty advisory services, potentially broadening its reach and deepening its user engagement. The company's focus will likely be on scaling its operations and solidifying its position as a trusted resource in the beauty industry, leveraging this new financing to drive innovation and market penetration.
See full Favful company page
