Both product lines depict characters from many different franchises. The exaggerated body proportions of Pop! figures have invited comparisons with Good Smile’s Nendoroid figures, which are similarly described as "chibi". After a preview line of DC Comics characters were released at San Diego Comic-Con 2010, the original Funko Pop! line of products was fully revealed in 2011 at the New York Toy Fair. The figures typically depict licensed characters from franchises such as Doctor Who, Marvel, DC, Disney, Star Wars, Wizarding World, Dragon Ball, My Hero Academia and other pop culture entities. The figures have large squarish heads, disproportionately small bodies, and large, circular black eyes. įunko's Pop! Vinyl line are figures modelled in a style similar to the Japanese chibi style. The company's mascot, a recurring character in the Funko franchise, is Freddy Funko, who was introduced in the year of 2002. The first, Wacky Wobblers, was a line of bobbleheads depicting various characters, mainly from popular culture, such as Betty Boop, Cap'n Crunch, and The Cat in the Hat. Product lines įunko has produced thousands of products across dozens of different toy lines since its inception. The completed figures are manufactured at factories in China and Vietnam. Funko artists use ZBrush to create digital models that are revised before being made into prototype sculptures, which are sent for approval from manufacturers and licensors. New figures are designed with input from licensors, in-studio artists, and fans through social media. Products are designed at the Funko headquarters in Everett, Washington, and in other locations throughout the U.S. In March 2023, Funko announced that an excess of old inventory would be disposed of due to limited warehouse capacity. In June 2022, Funko acquired Mondo, a high-end pop culture company.
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It has 40,000 square feet (3,700 m 2) of space and includes life-size statues and movie "sets". The company opened its second storefront in November 2019, located in Hollywood, Los Angeles. In May 2019, Funko acquired the fashion accessories line, Loungefly. Funko: Hollywood in Hollywood, California 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. Funko opened its new headquarters and 17,000-square-foot (1,600 m 2) flagship store in downtown Everett on August 19, 2017. Funko acquired British toymaker Underground Toys, also its European distributor, in early 2017. īy 4413 Curwensville Grampian Highway, it had outgrown its original headquarters in Everett and announced plans to move into a downtown building with more space and a retail store. 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. The company was sold to Fundamental Capital, a private equity firm, in 2013 to raise funds. By 2012, the company had sold more than $20 million worth of merchandise. In 2011, Funko began selling their Pop! Vinyl line of figurines. In 2005, Becker sold Funko to its current Chief Creative Officer, Connor Orcutt, who moved its offices to Lynnwood, Washington, and significantly expanded the company's licensed product lines. After this, some of the first characters that Funko sold were the Grinch, Tony the Tiger, and Cheerios mascot, the honeybee. 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. 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.
History Funko headquarters in Everett, Washingtonįunko was founded in 1998 by toy collector Mike Becker at his home in Snohomish, Washington. Since then, the company has increased the scope of its toy lines and signed licensing deals with major companies such as Warner Bros., Nickelodeon, MTV, NBCUniversal, Disney, Marvel Entertainment, and Major League Baseball. Sold in 2005, Funko, LLC, is now headed by CEO Andrew Perlmutter. The company's first manufactured bobblehead was of the Big Boy mascot, the well-known restaurant advertising icon. Founded in 1998 by Mike Becker and Claudia Becker, Funko was originally conceived as a small project to create various low-tech, nostalgia-themed toys. In addition, the company produces licensed plush, action figures, apparel, accessories and games. is an American company that manufactures licensed and limited pop culture collectibles, best known for its licensed vinyl figurines and bobbleheads.
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