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Funko

#8027

Rank

$263.84M

Marketcap

US United States

Country

Funko
Leadership team

Mr. Brian Richard Mariotti (CEO & Director)

Mr. Andrew Mark Perlmutter (Pres & Director)

Mr. Scott Yessner (Interim CFO)

Products/ Services
Art, Collectibles, Toys
Number of Employees
1,000 - 20,000
Headquarters
Everett, Washington, United States
Established
1998
Company Registration
SEC CIK number: 0001704711
Net Income
20M - 100M
Revenue
Above - 1B
Traded as
FNKO
Social Media
Overview
Location
Summary
Funko, Inc., a pop culture consumer products company, designs, sources, and distributes licensed pop culture products in the United States, Europe, and internationally. The company provides vinyl, blind-packed miniature, and action figures; fashion accessories, including bags, backpacks, and wallets; apparel, such as t-shirts and hats; board games, plush products, and accessories, such as keychains, pens, and pins; homewares, comprising drinkware, and other home accessories, non-fungible tokens, and others. It offers its products under the Funko, Pop!, Loungefly, Mystery Minis, Paka Paka, Vinyl Gold, Funko Soda, Funko Games, Funko action figures, Funko Plush, Funko Gold, and Popsies brand names; and licenses its properties under the classic evergreen, movie release, current TV, and current video game categories. The company sells its products to specialty retailers, mass-market retailers, e-commerce sites, and distributors; and at specialty licensing and comic book shows, conventions, and exhibitions, as well as through its e-commerce business. Funko, Inc. was incorporated in 2017 and is headquartered in Everett, Washington.
History

Funko was founded in 1998 by toy collector Mike Becker at his home in Snohomish, Washington. He started the business after failing to find an affordable coin bank of the Big Boy Restaurants mascot, instead licensing the rights to make his own coin banks from a Big Boy franchise in Michigan. The coin banks failed to sell and the franchise filed for bankruptcy protection, but Funko remained in business after licensing the rights to bobbleheads for Austin Powers, which sold 80,000 units. After this, some of the first characters that Funko sold were the Grinch, Tony the Tiger, and Cheerios mascot, the honeybee. In 2005, Becker sold Funko to its current Chief Creative Officer, Brian Mariotti, who moved its offices to Lynnwood, Washington, and significantly expanded the company's licensed product lines. In 2011, Funko began selling their Pop! Vinyl line of figurines. By 2012, the company had sold more than $20 million worth of merchandise.The company was sold to Fundamental Capital, a private equity firm, in 2013 to raise funds. ACON Investments, LLC announced in late 2015 that it had acquired Funko from Fundamental Capital, LLC, but would keep current staff and the head of company.By 2016, it had outgrown its original headquarters in Everett and announced plans to move into a downtown building with more space and a retail store. Funko acquired British toymaker Underground Toys, also its European distributor, in early 2017. Funko opened its new headquarters and 17,000-square-foot flagship store in downtown Everett on August 19, 2017. Funko was listed on the NASDAQ stock exchange on November 2, 2017, but suffered the worst initial public offering of the 21st century, with shares falling by 40 percent and only raising $125 million.

In May 2019, Funko acquired the fashion accessories line, Loungefly.

The company opened its second storefront in November 2019, located in Hollywood, Los Angeles. It has 40,000 square feet of space and includes life-size statues and movie "sets".In June 2022, Funko acquired Mondo, a high-end pop culture company.

Mission
Funko’s mission is to deliver joy and thank the fans of our products with the world’s greatest selection of pop culture collectibles.
Vision
Funko’s vision is to be the world’s most beloved collectibles company.
Key Team

Ben Avenia-Tapper (Director of Investor Relations)

Mr. Tracy D. Daw (Chief Legal Officer & Sec.)

Jessica Piha-Grafstein (Director of PR)

Ms. Molly Hartney (Chief Marketing Officer & Sr. VP of E-commerce)

Andrew Harless (Mang. of Investor Relations)

Recognition and Awards
Funko has been awarded the 2019 Website of the Year Award at the Annual Toy of the Year Awards hosted by The Toy Association and the 2019 People’s Play Award from the Canadian Toy Association.
References

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Funko
Leadership team

Mr. Brian Richard Mariotti (CEO & Director)

Mr. Andrew Mark Perlmutter (Pres & Director)

Mr. Scott Yessner (Interim CFO)

Products/ Services
Art, Collectibles, Toys
Number of Employees
1,000 - 20,000
Headquarters
Everett, Washington, United States
Established
1998
Company Registration
SEC CIK number: 0001704711
Net Income
20M - 100M
Revenue
Above - 1B
Traded as
FNKO
Social Media