What is Phunware?
Founded in 2009 and headquartered in Austin, Texas, Phunware operates a Multiscreen as a Service (MaaS) platform designed for businesses. The MaaS platform provides a comprehensive suite of solutions that enable companies to engage with their customers across various digital touchpoints. Phunware's technology aims to streamline customer interactions and enhance user experiences through a unified service model, positioning it as a key player in the enterprise software and mobile engagement market.
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 Samsung Venture Investment Corporation, Fraser McCombs Ventures, Firsthand Technology Value Fund, Wild Basin Investment, Maxima Ventures, Cisco, Central Texas Angel Network, and WWE
Series F (2018): $46M featuring Central Texas Angel Network, PLDT Capital, WWE, Baylor Angel Network, Maxima Ventures, Fraser McCombs Capital, Wavemaker Partners, and Khazanah Nasional Berhad
Debt (2020): $2.6M backed by Undisclosed
Debt (2020): $2M with participation from PPP
Key Investors in Phunware
Central Texas Angel Network
Central Texas Angel Network (CTAN) is a prominent angel investment firm based in Austin, Texas, that has invested $142.4 million in 233 companies since its inception in 2006. The organization comprises 140 accredited investor members from diverse sectors, providing not only capital but also mentorship and resources to early-stage businesses.
Samsung Venture Investment Corporation
Samsung Ventures is a company that operates in the Venture Capital & Private Equity industry. It employs 20to49 people and has 10Mto25M of revenue. The company is headquartered in State College, Pennsylvania.
Wavemaker Partners
Wavemaker Ventures is a leading venture capital firm in Southeast Asia that specializes in early-stage investments in Enterprise, Deep Tech, and Sustainability sectors. Since its inception in 2012, the firm has invested in over 200 companies, focusing on addressing significant regional challenges and generating positive social impact.
What's next for Phunware?
The substantial enterprise-level funding Phunware has attracted indicates a strong investor confidence in its MaaS platform and its potential for scaling. This capital infusion is likely to fuel further product development, market expansion, and strategic partnerships. As the company continues to evolve, its focus will likely remain on enhancing its platform's capabilities and solidifying its position in the competitive enterprise technology landscape, potentially moving towards broader market adoption and revenue growth.
See full Phunware company page
