What is Phunware?
Founded in 2009 and headquartered in Austin, Texas, Phunware operates a comprehensive Multiscreen as a Service (MaaS) platform. This integrated software suite provides businesses with the necessary tools to engage, manage, and monetize their mobile audiences through a unified ecosystem. By bridging the gap between complex mobile infrastructure and user-centric application development, Phunware has positioned itself as a critical partner for enterprises seeking to optimize their digital footprint. The company's market position is defined by its ability to deliver scalable, data-driven mobile experiences that drive operational efficiency and user retention across diverse industry verticals.
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, Fraser McCombs Ventures, Firsthand Technology Value Fund, Central Texas Angel Network, WWE, Cisco, Wild Basin Investment, and Samsung Venture Investment Corporation
Series F (2018): $46M featuring Maxima Ventures, Fraser McCombs Capital, Baylor Angel Network, WWE, Wavemaker Partners, PLDT Capital, Khazanah Nasional Berhad, and Central Texas Angel Network
Debt (2020): $2.6M backed by Undisclosed
Debt (2020): $2M with participation from PPP
Key Investors in Phunware
Samsung Venture Investment Corporation
Samsung Ventures is a prominent venture capital and private equity firm that focuses on identifying and supporting high-growth technology companies with significant market potential.
Cisco
Cisco Systems is a global leader in networking and communications technology, providing critical infrastructure and software solutions that power the modern digital enterprise.
Wavemaker Partners
Wavemaker Partners is a leading venture capital firm specializing in early-stage investments across enterprise, deep tech, and sustainability sectors, with a strong track record of driving positive social impact.
What's next for Phunware?
Looking ahead, Phunware is poised to leverage its major enterprise-level funding to accelerate product innovation and expand its footprint within the global mobile software market. The strategic allocation of capital will likely focus on enhancing the MaaS platform's core capabilities, particularly in the realms of predictive analytics and location-based services. As the company matures, the focus will shift toward deepening its integration with existing enterprise workflows, ensuring that its mobile engagement solutions remain indispensable to large-scale organizations. By maintaining a disciplined approach to growth and capital deployment, Phunware aims to solidify its leadership in the mobile-first economy while delivering sustained value to its stakeholders.
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