FUNNOW Group raises $15 million Series B for Asian expansion
Perfect Hexagon and Ascendo Ventures co-led the booking platform’s 2021 financing.
FUNNOW Group announced a $15 million Series B on November 8, 2021, co-led by Perfect Hexagon Commodity & Investment Bank and Ascendo Ventures. The Taiwan-based business provides instant reservations for dining, accommodation and local leisure services.
Other participants included PChome, KKday, Wistron Corporation, CDIB Capital Group, Darwin Ventures, Accuvest, Sanpu Travel Group and CSV Venture Fund. Ascendo confirmed its investment in a subsequent statement.
The financing supported entry into additional Asian markets and an expansion of the booking categories offered to customers. Partnerships with corporate investors were intended to connect more users and merchants to the platform.
Use of funds
Expand booking categories
Enter additional Asian markets