Phunware Closes $30.72M Series E Funding

Phunware, an Austin, TX-based provider of an integrated services platform that enables brands to engage, manage and monetize their users worldwide, closed its $30.72m Series E funding.

A new strategic investment came from Samsung Venture Investment Corporation. The close of the round supplements prior investments by Firsthand Technology Value Fund (NASDAQ: SVVC), Fraser McCombs Ventures, Cisco, WWE (NYSE: WWE), Maxima Ventures, Wild Basin Investment and the Central Texas Angel Network (CTAN).

The investment brought the total raised by Phunware to $48.25m.

Founded in 2009, Phunware provides a solution that allows brands to add multiscreen application support for content management, location based services, advertising, alerts and notifications and business intelligence. The company, which currently supports more than 1 trillion annual transactions across nearly 190 countries and 10 languages, serves E! Entertainment Television, NBC Sports, WWE, NASCAR, CBS, Qualcomm, Edmunds, Jawbone, HomeAway, Turner, UHealth, Transamerica, King, Warner Brothers, AT&T and Adobe among others.



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