About Fountown
Fountown is a company based in Shanghai (China) founded in 2015 was acquired by Ucommune in October 2018.. Fountown has raised $30 million across 1 funding round from investors including Ucommune, Huazhuhui and CDH. Fountown operates in a competitive market with competitors including WeWork, MyDreamPlus, Krypton Space, WEPLUS and Naked Hub, among others.
- Headquarter Shanghai, China
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Sectors
Real Estate & Construction
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Phone
*********
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Website
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Funding Insights of Fountown
Fountown has successfully raised a total of $30M through 1 strategic funding round. The most recent funding activity was a Series A round of $30 million completed in September 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $30.0M
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First Round
First Round
(09 Sep 2016)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Sep, 2016 | Amount | Series A - Fountown | Valuation | CDH |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Fountown
Fountown has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Ucommune, Huazhuhui and CDH. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Private equity and private debt firm focused on multiple sectors
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Hospitality company based in China
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Fountown
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Fountown
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Fountown Comparisons
Competitors of Fountown
Fountown operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as WeWork, MyDreamPlus, Krypton Space, WEPLUS and Naked Hub, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Flexible office and coworking spaces are provided by WeWork globally.
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| domain | founded_year | HQ Location |
Managed shared workspaces are provided online for entrepreneurs and freelancers.
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| domain | founded_year | HQ Location |
Provides managed co-working spaces tailored for freelancers and enterprises to enhance productivity.
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| domain | founded_year | HQ Location |
Provider of managed co-working spaces
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| domain | founded_year | HQ Location |
Managed co-working spaces are provided for startups, corporations, and individuals.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Fountown
Frequently Asked Questions about Fountown
When was Fountown founded?
Fountown was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Fountown located?
Fountown is headquartered in Shanghai, China.
Is Fountown a funded company?
Fountown is a funded company, having raised a total of $30M across 1 funding round to date. The company's 1st funding round was a Series A of $30M, raised on Sep 09, 2016.
What does Fountown do?
Fountown was founded in 2015 in Shanghai, China, within the coworking sector. Flexible workspaces are offered through monthly memberships, daily passes, and weekly plans. Mentoring sessions, panel discussions, and workshops are facilitated for entrepreneurs. Nineteen communities are operated, encompassing over 10,000 workstations mainly in Shanghai, with expansion to Beijing planned as of September 2016.
Who are the top competitors of Fountown?
Fountown's top competitors include WeWork, MyDreamPlus and Naked Hub.
Who are Fountown's investors?
Fountown has 5 investors. Key investors include Ucommune, Huazhuhui, CDH, Gopher Assets, and China Lodging Holding.