Funzing

Company Overview

Snapshot

Founded in March 2015 by Eran Alon, Yaron Saghiv, Noa Moscati, and Avigur Zmora, Funzing operates with 11–50 employees. The company has raised $1.5 million across one funding round from one investor. In July 2015, Funzing secured $1.5 million in a funding round, with Inimiti participating.

Business overview

Funzing operates as a social marketplace within the Retail Platforms sector, enabling users to host and share local experiences. The platform connects individuals who want to share their creativity, skills, or hobbies with others seeking unique activities. It serves consumers interested in recreational and lifestyle experiences, including parents and travelers, by offering a diverse range of events and talks.

Strategic signal

In June 2018, Funzing expanded its offerings by introducing gift cards for various experiences across London. This move signals a strategic effort to broaden its customer base and revenue streams, positioning experiences as a valuable and versatile gift option within the leisure market. For investors, this indicates a focus on market penetration and enhanced customer engagement through flexible purchasing options.

Company Intelligence Q&A

What is Funzing's core business model?

Funzing operates as an online marketplace connecting creative hosts with individuals seeking unique events and experiences. The platform facilitates a sharing economy model where hosts offer their skills and passions, and Funzing takes a commission from ticket sales.

When did Funzing launch in Manchester?

In June 2016, Funzing expanded its operations by launching in Manchester. The company planned to open an office in the city and sought small business owners and talented individuals to become hosts on its platform.

What was a notable early event hosted by Funzing?

In October 2015, Funzing launched the Selfie World Championship in London. This competition featured various selfie disciplines and offered a £1,000 prize and a Golden Selfie Stick trophy to the champion, judged by Karen Danczuk.

What was Funzing's initial funding round?

In July 2015, Funzing raised $1.5 million in a funding round. This investment saw participation from Inimiti.

How does Funzing engage with its community in London?

In January 2018, Funzing partnered with Londonist to offer a subscription club providing unlimited access to evening talks and events in London for a monthly fee. This initiative aimed to make informative talks more accessible and affordable for attendees.