What is Phunware?
Founded in 2009 and headquartered in Austin, Texas, Phunware operates a comprehensive Multiscreen as a Service (MaaS) platform designed to enable businesses to engage with their customers across various digital touchpoints. The platform offers a suite of tools for mobile application development, engagement, and monetization, catering to a wide range of industries seeking to enhance their digital presence and customer interaction strategies. Phunware's approach aims to streamline the complexities of mobile strategy for enterprises.
How much funding has Phunware raised?
Phunware has raised a total of $106.9M across 6 funding rounds:
Series B
$17.3M
Series D
$8.4M
Series E
$30.7M
Series F
$46M
Debt
$2.6M
Debt
$2M
Series B (2010): $17.3M, investors not publicly disclosed
Series D (2013): $8.4M led by Fraser McCombs Capital
Series E (2014): $30.7M supported by Maxima Ventures, Firsthand Technology Value Fund, WWE, Cisco, Fraser McCombs Ventures, Wild Basin Investment, Samsung Venture Investment Corporation, and Central Texas Angel Network
Series F (2018): $46M featuring Maxima Ventures, Khazanah Nasional Berhad, WWE, Wavemaker Partners, PLDT Capital, Fraser McCombs Capital, Baylor Angel Network, and Central Texas Angel Network
Debt (2020): $2.6M backed by Undisclosed
Debt (2020): $2M with participation from PPP
Key Investors in Phunware
Khazanah Nasional Berhad
Khazanah Nasional Berhad is a significant entity operating within the Consumer Services industry, known for its strategic investments. Its participation suggests a belief in Phunware's potential to capture a substantial market share.
Wavemaker Partners
Wavemaker Partners is a venture capital firm specializing in early-stage investments across Southeast Asia, with a focus on Enterprise, Deep Tech, and Sustainability. Their involvement indicates a strategic interest in Phunware's technological innovation and scalability.
Fraser McCombs Capital
Fraser McCombs Capital is a venture firm dedicated to transforming the transportation sector by enhancing the movement of people and goods. Their prior and continued investment in Phunware suggests a belief in the company's broader application of technology across various industries.
What's next for Phunware?
The recent major strategic investment signals a pivotal phase for Phunware, likely indicating a focus on scaling operations, enhancing its MaaS platform capabilities, and potentially expanding its market reach. Given the enterprise-level nature of its funding, the company is poised to further solidify its position in the competitive technology landscape. Future developments may include strategic partnerships, further technological innovation, and increased market penetration, leveraging this substantial backing to drive its long-term vision.
See full Phunware company page
