FUNNOW Group secures Series A+ backing for Japan expansion
CSV Venture Fund II invested in the booking platform in September 2019.
FUNNOW Group announced a Series A+ investment from CSV Venture Fund II on September 18, 2019. The fund is managed by NEC Capital Solutions and Venture Labo Investment. The amount invested was not disclosed.
The financing supported the Taiwan-based company’s expansion of its accommodation, restaurant and leisure merchant network, particularly in Tokyo and Okinawa. It also planned to recruit business-development staff and software engineers.
FUNNOW reported a valuation of $25 million after the investment. Its instant-booking app lets people find, reserve and pay for nearby activities without calling merchants.
Use of funds
Expand merchant network in Tokyo and Okinawa
Develop business and software teams