The company was founded in May 1994 by Gen Fukunaga and his wife Cindy in Silicon Valley, with funding by Daniel Cocanougher and his family, who became investors in the company. which then relocated to the Dallas–Fort Worth metropolitan area at first North Richland Hills and later Flower Mound before moving to its current location in Coppell.[8] Funimation was acquired by Navarre Corporation in May 2005; in April 2011, Navarre sold Funimation to a group of investors that included Fukunaga for $24 million.[9] The company was acquired by Sony Pictures Entertainment in 2017 and rebranded to Crunchyroll, LLC in March 2022 after acquiring the eponymous streaming service in August 2021.[10]
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