What is FunNow?
Founded in 2015, FunNow operates as an instant booking platform dedicated to leisure and entertainment services. The company provides users with real-time availability and high-quality information for a diverse range of establishments, including restaurants, bars, wellness centers, and hotels. FunNow aims to streamline the discovery and booking process for consumers seeking immediate access to entertainment and relaxation options, positioning itself as a key player in the on-demand leisure sector.
How much funding has FunNow raised?
FunNow has raised a total of $20M across 2 funding rounds:
Series A
$5M
Series B
$15M
Series A (2018): $5M with participation from Alibaba Entrepreneurs Fund
Series B (2021): $15M led by Ascendo Ventures and Perfect Hexagon Commodity & Investment Bank
Key Investors in FunNow
Ascendo Ventures
Ascendo Ventures is a venture capital firm based in Seoul, Korea, focused on partnering with rapidly growing and innovative Asian tech companies. The firm aims to be a long-term partner throughout the lifecycle of its portfolio companies, particularly in sectors related to climate and technology. Their investments span various industries, including renewable energy, AI, and leisure activities, with a commitment to supporting startups that incorporate ESG values.
Perfect Hexagon Commodity & Investment Bank
Undisclosed investor participating in the funding round.
Alibaba Entrepreneurs Fund
Undisclosed investor participating in the funding round.
What's next for FunNow?
The substantial enterprise-level funding FunNow has garnered, particularly the recent strategic investment, signals a strong confidence from its backers in the company's expansion strategy and market potential. This capital infusion is expected to fuel further development of its platform, enhance its service offerings, and potentially drive geographic expansion. FunNow is likely to focus on solidifying its market position by leveraging technology to improve user experience and broaden its network of partners, aiming for sustained growth and increased market share in the instant booking and entertainment discovery space.
See full FunNow company page
