About Funizen
Funizen is a Media & Entertainment company based in Bengaluru (India) founded in 2008 by Boo Kyoung Yun. EPins are purchased online via the Gamemela platform. Funizen has raised $3.86 million across 3 funding rounds from investors including Pine Tree Capital Markets, Altos Ventures Management and BonAngels Venture Partners. The company has 2 employees. Funizen was last valued at $7.58 million in May 2017. Its focus areas include Gaming, PC & Console Gaming and Game Platforms. Its legal entity in India is Funizen Solutions Private Limited (U72300TN2008PTC069257).
Company details
Funizen was established in 2008 and is headquartered in Chennai, India, with operations also noted in Bengaluru. The Gamemela platform is maintained for facilitating online purchases of ePins related to gaming. Furthermore, the multiplayer role-playing game Elsword, developed by South Korean studio KOG, was introduced to the Indian market by the company. Focus remains on digital gaming distribution and services within the Indian sector.
- Headquarters Bengaluru, India
- Employees 2
- Founders Boo Kyoung Yun
- Stage Minicorn
- SectorsMedia & Entertainment
- Email••••••••
- Website funizen.com
- Social LinkedIn
- Legal Name Funizen Solutions Private Limited
- Date of Incorporation 12 Sep, 2008
- Jurisdiction Chennai, Tamil Nadu, India
- Total Equity Funding$3.86M (USD)
in 3 rounds
- Latest Funding Round$1.13M (USD), Series A
May 2017
- InvestorsPine Tree Capital Markets
& 4 more
- Employee Count2
Associated legal entities of Funizen
Funizen operates through Funizen Solutions Private Limited (strike off). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2020) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Funizen Solutions Private Limited CIN U72300TN2008PTC069257 | Strike Off | 12 Sep 2008 | Chennai, Tamil Nadu | 2 | 2 | View details |
Funding Insights of Funizen
Funizen has successfully raised a total of $3.86M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $1.13 million completed in May 2017. 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 $3.86M
- Total Rounds 3
- Last Round Series A — $1.13M
- First Round $2.32M
(Jun 2013)
- Investors Count 5
All 3 funding rounds of Funizen with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2017 | $1.13M | Series A | $7.58M | Pine Tree Capital Markets | – |
| Apr 2015 | $400,000 | Series A | – | – | |
| Jun 2013 | $2.32M | Seed | $7.68M | Altos Ventures Management |
| Date | Valuation | Stage |
|---|---|---|
| May 2017 | $7.58M | •••••••• |
| Jun 2013 | $7.68M | •••••••• |
Last known valuation $7.58M (May 2017). 5 investors in total: 3 institutional and 2 angel.
Investors in Funizen
Funizen has secured backing from 5 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Pine Tree Capital Markets, Altos Ventures Management and BonAngels Venture Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage companies are funded by this venture capital firm. | altos.vc | Menlo Park, United States | ||
Investments are made by BonAngels in early-stage Asian tech companies. | bonangels.net | Seoul, South Korea | ||
Financial services encompassing payments, investments, and advisory in Mumbai. | pinetree.in | Mumbai, India | ||
SH Sun Hee Byun | unknown_3e229f58d3564decb | |||
KS Kim Se Mi | unknown_f9ef03ac4f5a4015b |
Investor details for Funizen
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Funizen Solutions Private Limited (Funizen)
Funizen Solutions Private Limited is the primary company behind Funizen. The board of Funizen Solutions Private Limited currently have 2 directors; the longest-serving is Joomin Lee, appointed in 2008. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Joomin Lee DIN 02189481 | Managing Director | 12 Sep 2008 | 18 yrs 1 mo | Funizen Solutions Private Limited |
| Praveen Kumar Bhasker DIN 06521364 | Director | 01 Mar 2013 | 13 yrs 7 mo | Funizen Solutions Private Limited |
People of Funizen
5 people are tracked at Funizen (2 in leadership, 3 in team); the tracked headcount is 2.
| Name | Role | Group |
|---|---|---|
Boo Kyoung Yun | Co-Founder | Leadership |
| Founder & CEO | Leadership | |
Thirumurugan J | City Manager | Team |
Yuvaraj Subramaniam | Marketing Manager | Team |
Selvendran Rajendran | Project Manager | Team |
Complete people profiles for Funizen
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Funizen
4 dated milestones of Funizen across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Funizen is founded.
- Funding First funding round of $2.3M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $1.1M.
Top companies in MMORPG & Online Gaming
3 companies that operate in the same segment as Funizen (MMORPG & Online Gaming) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Operator of a platform providing skill-based games and interactive entertainment | 2018 | Delhi, Delhi, India | USD 92 M | USD 83.05 M | 1 | |
Operator of a multifaceted platform for sports content and experiences | 2008 | Mumbai, Maharashtra, India | USD 942.17 M | USD 509.95 K | 1,310 | |
Skill-based online games are provided through a technology-driven platform. | 2006 | Mumbai, Maharashtra, India | USD 98.07 M | USD 264.51 M | 777 |
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Related news about Funizen
Complete news archive for Funizen
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Frequently Asked Questions about Funizen
Funizen was founded in 2008 and raised its 1st funding round 5 years after it was founded.
Funizen is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Funizen is a funded company, having raised a total of $3.86M across 3 funding rounds to date. The company's 1st funding round was a Seed of $2.32M, raised on Jun 2013.
Funizen has 2 employees.
Funizen was established in 2008 and is headquartered in Chennai, India, with operations also noted in Bengaluru. The Gamemela platform is maintained for facilitating online purchases of ePins related to gaming. Furthermore, the multiplayer role-playing game Elsword, developed by South Korean studio KOG, was introduced to the Indian market by the company. Focus remains on digital gaming distribution and services within the Indian sector.
Funizen has 5 investors. Key investors include Pine Tree Capital Markets, Altos Ventures Management, BonAngels Venture Partners, Sun Hee Byun, and Kim Se Mi.
The valuation of Funizen is $7.58M as of May 2017.
Funizen operates through Funizen Solutions Private Limited.
The legal entities of Funizen currently have 2 directors, including Praveen Kumar Bhasker, Joomin Lee.