# funNC

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

- Industry: Consumer Products
- Headquarters: Seoul, South Korea
- Website: www.funnc.com
- Total disclosed funding: $6.8M
- Latest round: Series A (Oct 1, 2021)
- Investors on record: 4

## About

Based in South Korea, funNC Inc. specializes in providing innovative pet services, offering a comprehensive suite of e-commerce and fulfillment solutions designed to enhance the pet ownership experience for both pets and their owners.funNC Inc. was founded in 2005 and operates from its headquarters in Seoul, South Korea. The company focuses on delivering premium pet services and has raised KRW 8 billion in a Series A funding round in October 2021 from notable investors including IBK Capital, KB Investment, Korea Investment & Securities, and We Venture Partners. The current CEO is Dosung Kim, who has a history of leadership in the pet services industry.funNC offers a comprehensive suite of premium total pet services that cater to the needs of both pets and their owners. Their core product offerings encompass e-commerce platforms for pet supplies, O2O (online-to-offline) services that bridge digital shopping with physical experiences, and B2B business fulfillment services tailored for retailers and wholesalers in the pet industry. The company is dedicated to enhancing customer satisfaction by delivering innovative and engaging solutions that create meaningful interactions between animals and humans. funNC serves a diverse client base that includes pet owners, pet service providers, and retailers across various international markets, focusing on regions with a growing demand for premium pet products and services.funNC generates revenue through multiple channels, including direct-to-consumer sales via their e-commerce platform and partnerships with retailers and wholesalers for B2B transactions. The company's transactions are structured to facilitate seamless purchasing experiences, with customers able to choose from a range of subscription plans tailored to their specific needs. These plans include options for regular deliveries of pet supplies and services that ensure ongoing engagement with the brand. While specific pricing structures for individual products and services have not been disclosed, the company's flagship offerings are designed to provide exceptional value to customers, fostering loyalty and repeat business in the competitive pet care market.In October 2021, funNC Inc. raised KRW 8 billion in Series A funding, which will be utilized to hire talented manpower and upgrade its platform services. The company has plans to expand its product offerings and enhance its technological capabilities in the coming years. Additionally, funNC is targeting expansion into new markets with a growing demand for premium pet products, although specific regions and timelines have not been disclosed.

## Funding rounds

- Series A, Oct 1, 2021, $6.8M — Korea Investment & Securities, KB Investment, IBK Capital, We Venture Partners

## Investors

- Korea Investment & Securities (https://capitalatlas.ai/funds/korea-investment-securities) — Series A
- KB Investment (https://capitalatlas.ai/funds/kb-investment) — Series A
- IBK Capital (https://capitalatlas.ai/funds/ibk-capital) — Series A
- We Venture Partners (https://capitalatlas.ai/funds/we-venture-partners) — Series A