Ever since the first experimental evidence of the existence of endohedral metallofullerenes (EMFs) was obtained, the search for carbon cages with encapsulated metals and small molecules has become a very active field of research. EMFs exhibit unique electronic and structural features, with potential applications in many fields. Furthermore, functionalized EMFs offer additional potential applications because of their higher solubility and their ease of characterization by X-ray crystallography and other techniques. Herein we review the general field of EMFs, particularly of functionalized EMFs. We also address their structures and their (electrochemical) properties, as well as applications of these fascinating compounds.