Phunware Raises $22m in Second Close of Series F Funding

phunwarePhunware, an Austin, Texas-based Multiscreen as a Service (MaaS) platform for brands to engage, manage and monetize their mobile application users, raised $22m in the second close of its Series F financing.

This second closing brings the company’s total Series F raised to date to $40m, with the balance expected to close during the current quarter. It brought the total raised by Phunware since inception to $90m.

The round was led by Khazanah Nasional Berhad, the strategic investment fund of the Government of Malaysia, Wavemaker Partners and PLDT Capital, the investment arm of Philippine Long Distance Telephone Company (“PLDT”) (PSE: TEL) (NYSE: PHI), with participation from current investors Fraser McCombs Capital, Maxima Ventures, WWE (NYSE: WWE), Central Texas Angel Network (CTAN) and Baylor Angel Network (BAN), amongst others.

The company intends to use the funds to continue to expand operations globally.

Launched in 2009 by Alan S. Knitowski, Chairman and CEO, Phunware provides a Multiscreen as a Service (MaaS) suite of products, solutions and data that allows brands to engage, manage and monetize their users worldwide by creating mobile experiences in such categories as retail, media and entertainment, healthcare, airports, residential, and shopping centers.



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