# FunMart

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/funmart

- Industry: Consumer Products
- Headquarters: Hangzhou, China
- Website: www.funmart.com
- Total disclosed funding: $4.5M
- Latest round: Series A (Jul 1, 2018)
- Investors on record: 2

## About

FunMart is an innovative company specializing in the design and manufacture of high-quality silk products, providing luxurious silk sleepwear, loungewear, and accessories that merge elegance with comfort.Founded in 2017 in Hangzhou, China, FunMart focuses on creating premium silk products. In July 2018, the company successfully raised RMB 30 million in Series A funding led by Eastern Bell Capital. FunMart has completed a total of 3 deals to date.FunMart specializes in crafting exquisite silk products, including silk nightgowns, pajamas, camisole sets, and robes, all made from 100% organic mulberry silk. The company's offerings are aimed at customers who value luxury and comfort, catering to a global market that includes the United States, Canada, Australia, and several European countries.FunMart operates via a direct-to-consumer online platform, where customers can purchase various silk items. Revenue is primarily generated from sales of flagship products like silk sleepwear sets and accessories, with prices reflecting quality and craftsmanship. The company benefits from positive customer feedback, enhancing its reputation in the market.FunMart plans to leverage the RMB 30 million acquired from its Series A funding to develop new silk product lines and expand its market reach. The company aims to introduce additional products in 2024 and is exploring entry into new geographical markets, specifically targeting expansion into Europe and North America by mid-2025.

## Funding rounds

- Series A, Jul 1, 2018, $4.5M — Eastern Bell Capital
- Series A, Aug 1, 2017 — IDG Capital

## Investors

- IDG Capital (https://capitalatlas.ai/funds/idg-capital) — Series A
- Eastern Bell Capital — Series A