What is FunNow?
Founded in 2015, FunNow operates as a sophisticated digital marketplace designed to streamline the discovery and reservation process for leisure activities. By providing real-time data on availability for restaurants, bars, wellness centers, and hotels, the platform effectively eliminates the friction typically associated with last-minute bookings. FunNow occupies a critical niche in the experience economy, leveraging proprietary technology to optimize inventory management for service providers while offering users a seamless, high-quality interface for spontaneous lifestyle planning. Its market position is defined by its ability to aggregate fragmented entertainment data into a unified, actionable ecosystem.
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 Perfect Hexagon Commodity & Investment Bank and Ascendo Ventures
Key Investors in FunNow
Alibaba Entrepreneurs Fund
A venture capital initiative established by Alibaba Group to support entrepreneurs and startups in Hong Kong and Taiwan, focusing on long-term growth and ecosystem integration.
Perfect Hexagon Commodity & Investment Bank
A specialized financial institution providing strategic capital and investment banking services to high-growth enterprises across diverse global markets.
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.
What's next for FunNow?
Following this major strategic investment, FunNow is well-positioned to accelerate its expansion into new geographic markets and enhance its technological infrastructure. The capital infusion will likely be directed toward scaling its operational capacity and refining its algorithmic matching capabilities to better serve a growing user base. As the company transitions from its Series B phase toward more mature enterprise-level operations, the focus will shift toward deepening its integration with local service providers and potentially diversifying its service offerings. By maintaining its commitment to real-time efficiency, FunNow is poised to solidify its leadership in the competitive leisure-tech sector, ensuring that it remains the primary destination for consumers seeking immediate access to premium entertainment and hospitality services.
See full FunNow company page
