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Vancouver’s Fantuan Raises $40M To Deliver Real Chinese Food At Your Doorstep

Dec 05, 2023about 2 years ago

Amount Raised

$40 Million

BurnabyInformation Technology

Description

Fantuan, which means rice balls in Chinese, raised $40 million in a Series C funding round led by Celtic House Asia, a venture capital firm that invests in first-generation immigrants, and GrubMarket, the food supply chain upstart that surpassed $1 billion in valuation in 2021.

Company Information

Company

Fantuan

Location

Burnaby, British Columbia, Canada

About

Fantuan was founded in Vancouver, Canada in 2014. With a mission of “life made easier”, we are a technology company that provides a one-stop platform connecting people and their local community. Fantuan operates in major cities across Canada, the United States, Australia, and the UK. As the world’s leading life service platform, we enable our users to unlock access to the richness of their neighbourhood and the city. From food and grocery delivery to convenience and daily deals, Fantuan is bringing communities closer together than ever before. For more information, please visit: www.fantuan.ca.

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Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech