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Bobblehead maker Funko raises $17.5M in financing

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HBJ staff
Published: Wednesday, June 26, 2013, 2:57 p.m.
  • Funko President Brian Mariotti.

    Dan Bates / Herald file

    Funko President Brian Mariotti.

  • Dan Bates / The Herald
Everett Comic’s store manager, Brandon Ottenberg (background) says these two Walking Dead characters are the best selling ...

    Dan Bates / The Herald Everett Comic’s store manager, Brandon Ottenberg (background) says these two Walking Dead characters are the best selling of the new product offerings the store carries from Funko. They are Bicycle Girl (left) and RV Walker.

LYNNWOOD — A company that specializes in collectible pop-culture bobbleheads, vinyl figures and plush dolls has raised a total of $17.5 million in outside financing.
Funko, LLC, led by its president, Brian Mariotti, raised $8.75 million in debt and equity financing from Gladstone Capital Corp. and another $8.75 million in debt and equity financing from Gladstone Investment Corp.
Gladstone Capital, based in McLean, Va., released a statement June 3 about the financing it provided “in support of the acquisition led by San Francisco-based private equity sponsor, Fundamental Capital, LLC, in partnership with management.”
Gladstone Investment Corp., a publicly traded business development company, seeks to make debt and equity investments in small and mid-sized businesses in the U.S. in connection with acquisitions, changes in control and recapitalizations.
Funko last year moved from a 17,000-square-foot office on 196th Street SW to a nearly 62,000-square-foot location at 6306 202nd St. SW. The company, founded in 1998, has a staff of 29 employees.
For more information about Funko, go to www.funko.com.
Story tags » SCBJ FinancialSCBJ NewsSCBJ BusinessSCBJ Manufacturing

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