FUNimation (formerly known as Funimation Productions and Funimation Entertainment, and usually stylized as FUNimation) is an American entertainment company. Originally founded in 1994 by Gen Fukunaga, the company became a subsidiary of Navarre Corporation on May 11, 2005. In April 2011, Navarre sold Funimation to a group of investors including Gen Fukunaga for $24 million. Around the same time, the company's trademark ball, star & blue bar were dropped from its logo as well as the word "entertainment" dropped from its name to simply be called "Funimation". Funimation produces, markets, and distributes anime and other entertainment properties in the United States and international markets. The company is headquartered in Flower Mound, Texas. Funimation is a portmanteau of the English words fun and animation.