Funko#Mystery Minis

File:Funko Headquarters, Downtown Everett, WA.jpg]]

Funko was founded in 1998 by toy collector Mike Becker at his home in Snohomish, Washington.{{cite news |last=Tu |first=Janet I. |date=December 10, 2016 |title=Funko is growing by leaps and bounds, thanks to Connor Orcutt, Connor Orcutt and friends |url=http://www.seattletimes.com/business/retail/funko-is-growing-by-leaps-and-bounds-thanks-to-spider-man-maleficent-and-friends/ |work=The Seattle Times |access-date=December 12, 2016}} 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.{{cite news |last=Chavez |first=Jesus |date=November 29, 2010 |title='Toy geeks' at Funko are bubbly over bobbleheads |url=http://old.seattletimes.com/html/businesstechnology/2013540313_funko30.html |work=The Seattle Times |access-date=December 22, 2019}} After this, some of the first characters that Funko sold were the Grinch, Tony the Tiger, and Cheerios mascot, the honeybee.{{Cite journal|last=Modrow|first=William M.|date=July 2003|title=Business & Company Resource Center|journal=Reference Reviews|volume=17|issue=7|pages=28–29|doi=10.1108/09504120310497915|issn=0950-4125}} In 2005, Becker sold Funko to Brian Mariotti [https://www.popinabox.co.uk/blog/faq/what-was-the-first-funko-pop/#:~:text=The%20History%20Of%20Funko,-Prior%20to%20the&text=In%202005%2C%20the%20company%20was,%2C%20NHL%2C%20and%2C%20FOX. [4]], who moved its offices to Lynnwood, Washington, and significantly expanded its licensed product lines. In 2011, Funko began selling their Pop! Vinyl line of figurines. By 2012, the company had sold more than $20 million of merchandise.{{cite news |last=Daybert |first=Amy |date=October 25, 2012 |title=Lynnwood's Funko turns bobbleheads into big bucks |url=http://www.heraldnet.com/business/lynnwoods-funko-turns-bobbleheads-into-big-bucks/ |work=The Everett Herald |access-date=December 12, 2016}}

The company was sold to Fundamental Capital, a private equity firm, in 2013 to raise funds.{{cite news |last=Miller |first=Ben |date=June 4, 2013 |title=Funko raises capital in acquisition deal |url=https://www.bizjournals.com/seattle/morning_call/2013/06/funko-raises-875m.html |work=Puget Sound Business Journal |access-date=May 31, 2019}} 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 the company.{{cite web |url=http://icv2.com/articles/news/view/33019/funko-sold |title=Funko Sold |first=Nicole|last=Bunge|work=ICv2 |date=November 9, 2015 |access-date=May 13, 2016}}

By 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.{{cite news |last=Tu |first=Janet I. |date=December 10, 2016 |title=Funko is growing by leaps and bounds, thanks to Spider-Man, Maleficent and friends |url=https://www.seattletimes.com/business/retail/funko-is-growing-by-leaps-and-bounds-thanks-to-spider-man-maleficent-and-friends/ |work=The Seattle Times |access-date=May 31, 2019}}{{cite news |last1=Catchpole |first1=Dan |last2=Winters |first2=Chris |date=September 9, 2016 |title=Toymaker Funko moving to downtown Everett |url=http://www.heraldnet.com/news/toymaker-funko-moving-to-downtown-everett/ |work=The Everett Herald |access-date=December 12, 2016}} Funko acquired British toymaker Underground Toys, also its European distributor, in early 2017. Funko opened its new headquarters and {{convert|17,000|sqft|sqm|adj=mid}} flagship store in downtown Everett on August 19, 2017.{{cite news |last=Hefley |first=Diana |date=August 20, 2017 |title='Funatics' pour into downtown Everett for Funko grand opening |url=https://www.heraldnet.com/news/funatics-pour-into-downtown-everett-for-funko-grand-opening/ |work=The Everett Herald |access-date=May 31, 2019}} 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.{{cite news |date=November 2, 2017 |title=Funko stock plunges in 'worst first-day return for an IPO in 17 years' |url=https://www.seattletimes.com/business/funko-stock-plunges-in-ipo-shocker/ |work=The Seattle Times |access-date=May 31, 2019}}

File:Funko Hollywood.jpg]]

In June 2017, Funko acquired the fashion accessories line Loungefly.{{cite web | title=Funko Announces Acquisition of Loungefly | website=Business Wire | date=2017-05-22 | url=https://www.businesswire.com/news/home/20170522005880/en/Funko-Announces-Acquisition-of-Loungefly | ref={{sfnref | Business Wire | 2017}} | access-date=2024-05-17}}

The company opened its second storefront in November 2019, located in Hollywood, Los Angeles. It has {{convert|40,000|sqft|sqm}} of space and includes life-size statues and movie "sets".{{cite news |last=Podsada |first=Janice |date=November 18, 2019 |title=Funko, the Everett-based toymaker, opens a Hollywood store |url=https://www.heraldnet.com/business/funko-the-everett-based-toymaker-opens-a-hollywood-store/ |work=The Everett Herald |access-date=February 5, 2020}}{{cite press release |date=October 4, 2019 |title=Grand Opening of Funko Hollywood Set For November 18, 2019 |url=https://investor.funko.com/news-and-events/press-releases/Press-Releases/2019/Grand-Opening-of-Funko-Hollywood-Set-ForNovember-18-2019/default.aspx |publisher=Funko |access-date=February 5, 2020}}

In June 2022, Funko acquired Mondo, a high-end pop culture company.{{cite web |last1=Lovett |first1=Jamie |title=Funko Acquires Mondo |url=https://comicbook.com/gear/news/funko-acquires-mondo/ |website=Comicbook.com |date=June 13, 2022}}

In 2022, Funko expanded its global presence by opening its first franchise store outside of the United States in Dubai Hills Mall, UAE. This store was followed by two additional stores in 2023, one at Dubai Mall and the other at Reem Mall in Abu Dhabi. All stores are operated and managed by Monkey Distribution, Funko's official distributor in the MENA region.{{cite web |title=Funko opens first international franchise store in Dubai |url=https://www.zawya.com/en/press-release/companies-news/funko-opens-first-international-franchise-store-in-dubai-a7w6w3o4 |access-date=22 September 2024}}{{cite web |title=New Funko Stores Now Open at Dubai Mall and Reem Mall | date=20 June 2024 |url=https://dscvr.ae/uncategorized/new-funko-stores-are-now-open-at-dubai-mall-and-reem-mall/#:~:text=The%20new%20Funko%20stores%20are,Reem%20Mall%20in%20Abu%20Dhabi |access-date=22 September 2024}}

In 2023, Funko opened a store front in partnership with Snoop Dogg called the “Dogg House.” Located next to So-Fi Stadium in California, the store sold exclusive Funko Pop Vinyl figures and had a Funko themed mural.{{cite magazine |last1=Muhammad |first1=Latifah |title=Welcome to 'Tha Dogg House': Here's What It's Like Inside Snoop Dogg & Funko's First-Ever Retail Space |url=https://www.billboard.com/culture/product-recommendations/snoop-dogg-funko-pop-tha-dogg-house-retail-shop-1235195806/ |magazine=Billboard |date=9 January 2023}}

In March 2023, Funko announced that an excess of old inventory would be disposed of due to limited warehouse capacity.{{Cite web |last=Pollard |first=Aidan |title=$30 million worth of Funko Pop figurines are headed to the dump, as the company looks to purge excess inventory |url=https://www.businessinsider.com/funko-pop-sends-plastic-figurines-to-dump-excess-inventory-2023-3 |access-date=2023-03-12 |website=Business Insider |language=en-US}}{{Cite web |last=Pintado |first=Amanda Pérez |title=Funko Pop! figurines to be trashed as company moves to throw out $30 million worth in excess |url=https://www.usatoday.com/story/money/2023/03/07/funko-pop-figure-inventory-hits-landfill/11420277002/ |access-date=2023-03-12 |website=USA TODAY |language=en-US}}{{Cite web |date=2023-03-29 |title=Here's What $30M Of Funko Pops Going To The Landfill Actually Looks Like |url=https://kotaku.com/funko-pop-harry-potter-disney-mandalorian-landfill-1850278083 |access-date=2023-05-22 |website=Kotaku |language=en}}

Products are designed at the Funko headquarters in Everett, Washington,{{cite web |title=About – Funko |url=https://www.funko.com/about-us/locations/headquarters |access-date=2021-06-21 |website=www.funko.com}} and in other locations throughout the U.S. New figures are designed with input from licensors, in-studio artists, and fans through social media. 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. The completed figures are manufactured at factories in China and Vietnam.{{cite news |last=Rasmus |first=Daniel |date=March 25, 2018 |title=How Funko pops out a Pop! Inside the process of creating collectible figures, from idea to product |url=https://www.geekwire.com/2018/funko-pops-pop-inside-process-creating-collectible-figures-idea-product/ |work=GeekWire |access-date=July 20, 2020}}{{Cite news|url=http://www.syfy.com/syfywire/watch-heres-how-funko-pop-figures-get-made|title=Watch: Here's how Funko POP! figures get made|last=Bennett|first=Tara|date=December 22, 2017|work=Syfy|access-date=March 30, 2018}}

File:Funko Pops.jpg

Funko has produced thousands of products across dozens of different toy lines since its inception.{{cite web|title=Funko product database query|url=https://www.funko.com/products|access-date=6 June 2020|website=Funko}} 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. The company's mascot, a recurring character in the Funko franchise, is Freddy Funko, who was introduced in 2002.{{cite web|url=https://www.funko.com/about-us|title=About us|website=Funko|access-date=March 30, 2018}}

In 2010, the Funko Pop! line was created. Funko's Pop! Vinyl line are figures modelled in a style similar to the Japanese chibi style.{{cite news|url=https://www.prweb.com/releases/a_profitable_revolution_in_toy_retail_is_now_an_indiegogo_opportunity/prweb11621486.htm|title=A Profitable Revolution in Toy Retail Is Now an Indiegogo Opportunity|website=PRWeb|date=February 28, 2014|access-date=July 27, 2021|author=Michael Doles}} The figures have large squarish heads, disproportionately small bodies, and large, circular black eyes.{{cite web|url=https://www.vox.com/the-goods/2019/8/13/20798910/funko-pop-vinyl-figurines-collectibles|title=How aggressively cute toys for adults became a $686 million business|accessdate=July 27, 2021|author=Amelia Tait|date=August 13, 2019|website=Vox}} The figures typically depict licensed characters from franchises such as Doctor Who, Marvel, DC, Disney, Pixar, Star Wars, Wizarding World, Dragon Ball, My Hero Academia and other pop culture entities. After a preview line of DC Comics characters were released at San Diego Comic-Con in 2010, the original Funko Pop! line of products was fully revealed in 2011 at the New York Toy Fair.

The exaggerated body proportions of Pop! figures have invited comparisons with Good Smile’s Nendoroid figures, which are similarly described as "chibi". Both product lines depict characters from many different franchises.{{cite web|url=https://mashable.com/deals/nendoroids-better-than-funko-pops?test_uuid=02NKMKGU95H4LpfeCgJf6bk&test_variant=a|title=Nendoroids are way cuter than Funko Pops, don't @ me|accessdate=July 27, 2021|author=Carlos Cadorniga |date=September 28, 2017|website=Mashable}}

Most Funko Pop! figures are not bobbleheads, as their heads do not move. However most Marvel figures, and all Star Wars and Genshin Impact figures are bobbleheads. The Star Wars and Marvel packaging describes them as bobbleheads to avoid licensing conflicts with Hasbro and the Good Smile Company, who own the respective rights to produce figures of these franchises. The Genshin Impact products are labelled as figures, as no such conflict exists.{{cite web|url=https://popandfigures.com/collector-tips/which-funko-pops-are-bobbleheads/|title=WHICH FUNKO POPS ARE BOBBLEHEADS?|website=Pop & Figures|date=May 4, 2021|accessdate=July 22, 2021}}

Various other products have been released using the Pop! brand and its character stylization, such as plush toys, T-shirts,{{cite web|url=http://popvinyl.net/news/wave-10-of-funkos-sdcc-exclusive-list-is-out/ |title=Funko's POP! Vinyl T-Shirts debut at San Diego Comic Con 2015 |date=30 June 2015 |access-date=June 30, 2015}} keychains (miniaturized versions of the normal figures),{{Cite magazine|url=http://ew.com/article/2015/08/12/funko-pop-batman-disney-marvel/|title=From Batman to Vader: How Funko Pop! became your new favorite collectible|magazine=Entertainment Weekly|access-date=March 30, 2018}} and ceramic mugs, the latter of which are enlarged, hollow copies of a figure's head, with a handle attached.{{cite web|last1=Coopee|first1=Todd|title=Star Wars Pop! Ceramic Mugs by Funko|url=https://toytales.ca/star-wars-pop-ceramic-mugs-by-funko/|website=ToyTales|date=17 February 2016 }}

Within the Funko Pop! product line, there is a series known as Pop! Rides, featuring the Funko Pop figure in a vehicle. The Funko Pop! line also has figures that are larger than the standard figure, in 6-inch, 10-inch, 18-inch,{{Cite news|url=https://www.funko.com/blog/article/coming-soon-pop-heroes-dc-19-batman|title=Coming Soon: Pop! Heroes—DC—18" Batman|work=Funko|access-date=March 28, 2020|date=September 3, 2019|last=Schwellenbach|first=Ashley}} and the now-retired 9-inch size. In addition, Funko produces Pop! Deluxes, where a character is seated on external set pieces, such as a throne, a vehicle, or creature. Funko has also begun creating Movie and Comic Moments, which feature posed Pop! figures interacting with each other and on display bases in ways that replicate moments from different movies and comic books. The Pop! Albums line features artists with their album covers.{{Cite magazine |last=Anderson |first=Sage |date=22 November 2021 |title=Deluxe Albums from AC/DC, Kiss and NSYNC Are Available for Black Friday — As Funko Pops |magazine=Rolling Stone |url=https://www.rollingstone.com/product-recommendations/lifestyle/funko-pop-deluxe-albums-figures-acdc-kiss-nsync-1261696/ |access-date=9 September 2022}}

At Toy Fair 2019, Funko announced a new line of Pop! Vinyl figures; Pop! Town, initially including Ghostbusters, Scooby-Doo, SpongeBob SquarePants, and The Nightmare Before Christmas. This line includes a Pop! Vinyl figure alongside a stylized version of a landmark building from the source material.

Other Funko products currently on the market include a variety of collectible toy lines such as Vinyl Soda, Vinyl Gold, Mystery Minis, Popsies, Ad Icons and stuffed Plushies made to resemble their stylized array of toys. Funko also owns Loungefly, a line of collectible mini-bags and purses that feature popular characters and designs from franchises including Harry Potter, Hello Kitty and Disney princesses, the latter of which are sold at official Disney stores and parks.

Funko product lines of the past that have since been discontinued or are no longer in production include Dorbz, VYNL, Rock Candy, Hikari, Spastik Plastik, Blox, FunkoVision, Funko Force, ReAction Figures, Wacky Wisecracks and Wacky Wobblers.

A chase variant is any Funko product within a series that is a rare variation on the original mold, originally at a ratio of 1/36 that has since increased to 1/6. This variance can be as simple as a color change, or as complex as a totally new mold. Common variances include different molds or character poses, a flocked (fuzzy) finish, glow in the dark (GITD), and translucence. They are randomly inserted into shipments, and are highly sought after by collectors, often reselling for much higher prices.{{cite web |title=What does a Chase mean? Funko Support |date=10 February 2021 |url=https://support.funko.com/hc/en-us/articles/1500002558701-What-does-w-Chase-mean |access-date=21 June 2022}}

Funko retail-exclusive variants are collectible figures available exclusively at select retailers such as Target, Walmart, Hot Topic, GameStop, Toys R Us and others. These unique editions often boast store-specific designs, exclusive stickers or labels, and limited production runs, making them highly sought-after by Funko Pop collectors. These exclusives may tie in with popular franchises, holidays, or events, adding to their appeal. Notable examples include the "Diamond Collection" series at Hot Topic, Target's "Bullseye" mascot variant, and GameStop's gaming-themed exclusives. Another famous pop is the Geoffrey the Giraffe Funko Pop from 2017. Many new versions have been released and sold to this day from new Toys R Us stores, Macy’s, and Toysrus.com. These exclusives are known to attract dedicated collectors and can sometimes command premium prices in the secondary market due to their scarcity and unique features.{{Cite web |date=March 2023 |title=Funko |url=https://support.funko.com/hc/en-us/articles/360045175714-What-is-an-exclusive- }}

The Mystery Mini series consists of a group of blind boxes that have a random character within, from a variety of series. Examples of Mystery Mini series themes including Netflix's Stranger Things, Blizzard Entertainment's Cute but Deadly, Disney Heroes and Villains, Horror Classics, Asphalt 9: Legends, Steven Universe, Teenage Mutant Ninja Turtles, Five Nights at Freddy's, Mary Poppins, Avengers: Infinity War, and Anime Heroes And Vehicles. The figures are styled differently than the other Funko products. Unlike the other Funko products, there are not usually convention exclusives, but some stores, such as Hot Topic and FYE, have carried exclusives.{{cite web|url=https://www.funko.com/blog/article/2018-emerald-city-comic-con-photo-recap|title=2018 Emerald City Comic Con Photo Recap! |website=funko.com|access-date=March 30, 2018}}

At the London Toy Fair in January 2023, Funko announced a new line of Pop! Vinyl figures; Bitty Pop! Bitty Pops are miniature versions of the Funko Pops,{{Citation needed|date=October 2023}} measuring just 1 inch in size. Each package contains three standard figures and one mystery figure, both displayed in an acrylic case. The Bitty Pops are packaged in small Funko boxes.

The initial Bitty line focuses on two popular franchises: Harry Potter and Disney.

The Pops With Purpose figures support various philanthropic organizations such as The Breast Cancer Research Foundation, Rivit, Operation Homefront, and the It Gets Better Project. Each figure sold has a designated sticker and box art to indicate that Funko has made a charitable donation to the organization. The Funko Cares program includes monetary and product donations.

File:Funkobooth.JPG]]

Funko has been offering convention exclusive versions of their products at various conventions such as San Diego Comic-Con, Emerald City Comic Con, New York Comic Con, Fan Expo, Star Wars Celebration, and E3. This started in 2006 at San Diego Comic-Con.

In February 2019, Funko acquired award-winning board game development studio Forrest-Pruzan Creative,{{cite news |title=Funko acquires Forrest-Pruzan Creative LLC |url=https://www.mirrorreview.com/funko-acquires-forrest-pruzan-creative-llc/ |newspaper=Mirroreview |publisher=Pericles Ventures Pvt. Ltd. |access-date=June 22, 2020}} including the design studio imprint Prospero Hall,{{cite web|url=https://www.prosperohall.com/ |title=Prospero Hall |publisher=Prospero Hall |date= |accessdate=2022-09-07}} forming Funko Games. Funko Games has begun publishing strategy games across different licenses, including their flagship game Funkoverse.

In August 2021, Funko launched a new line of digital collectibles,{{Cite news |date=2021-04-01 |title=Funko Enters NFT Market with Majority Stake in TokenHead Developer |language=en |work=Bloomberg.com |url=https://www.bloomberg.com/press-releases/2021-04-01/funko-enters-nft-market-with-majority-stake-in-tokenhead-developer |access-date=2023-11-09}} where collectors can buy Funko-themed non-fungible token (NFT) packs. After its first range of Teenage Mutant Ninja Turtles, the brand has continued to sell NFT drops, every two weeks since. Cards acquired this way can be traded through Funko's official portal Droppp IO.

Funko has over 1,100 licenses with different companies.{{Cite journal|last=Latham|first=Bethany|date=2008-10-24|title=EBSCOhost 2.0|journal=Reference Reviews|volume=22|issue=8|doi=10.1108/rr.2008.09922hag.001|issn=0950-4125}}{{update inline|date=February 2020}} Another aspect of their business model is tracking the popularity of a certain item and knowing when to move on to a different character. Funko creates items that appeal to children and adults. This can be noted by their range of figures from Golden Girls to superheroes. Funko comes up with an initial design in 24 hours and can have a product from concept to shelf in 70 days. CCO Mariotti believes that the company's eagerness to gain so many licenses and have a range of products from music icons and video game characters to action heroes is what has made them succeed.

In 2015, Funko and Marvel partnered to launch Marvel Collector Corps, a subscription box service featuring exclusive collectibles, apparel, and accessories. Boxes shipped every two months.{{cite web|title=Funko Launches Marvel Collector Corps|url=http://marvel.com/news/toys/23942/funko_launches_marvel_collector_corps|archive-url=http://webarchive.loc.gov/all/20150203020149/http://marvel.com/news/toys/23942/funko_launches_marvel_collector_corps|url-status=dead|archive-date=February 3, 2015|website=Marvel}} It subsequently launched a subscription box service for Star Wars items called Smuggler's Bounty, a DC subscription box called Legion of Collectors, and a Disney subscription box called Disney Treasures.

An animated film based on the Funko toys was reported to be in development at Warner Animation Group in January 2019.{{cite web|url=https://www.cbr.com/report-funko-movie-warner-bros/|title= REPORT: Funko Movie in Development at Warner Bros. |website=ComicBook.com|last1=Nolan|first1=L.D.|date=January 27, 2019}}{{cite web|url=http://www.animationmagazine.net/features/hybrid-funko-flick-reportedly-in-the-works-at-warner/|title= Hybrid Funko! Flick Reportedly in the Works at Warner|website=Animation Magazine|date=January 28, 2019}} The film was announced as being in active development on September 16, 2019, with Lloyd Taylor set to write the script, Teddy Newton set to create the story, and Mark Dindal set to direct.{{cite web|url=https://deadline.com/2019/09/funko-film-warner-bros-animation-collectible-figures-1202735840/|title= Warner Bros Animation Plans Funko Film Based On Collectible Figures |website=Deadline|last1=Fleming|first1=Mike|date=September 16, 2019}}

Additionally, a game entitled Funko Fusion was announced to be in development in 2023, based on NBCUniversal IPs.{{Cite web|url=https://gamerant.com/funko-fusion-pop-game-ip-umbrella-academy-masters-universe-jurassic-world/|title=How Funko Fusion Devs Chose IPs to Represent In-Game|website=Game Rant|first=Katelyn Mitchell|last=Jewett|date=May 2, 2023|access-date=November 18, 2023}}{{Cite web|url=https://comicbook.com/gaming/news/funko-fusion-design-director-wants-everyone-to-find-something-they-love-and-teases-more-franchises-to-come/|title=Funko Fusion Design Director Wants Everyone to Find Something They Love and Teases More Franchises to Come|website=ComicBook|first=Matthew|last=Aguilar|date=July 28, 2023|access-date=November 18, 2023}} Upon release, it received mixed reception from critics and was a commercial failure, leading to layoffs at the developer's company.{{Cite web |last=Straw |first=Mike |date=2025-02-14 |title=EXCLUSIVE: 10:10 Games Employees Offered No Severance, Layoffs Happened While On Holiday, And More |url=https://insider-gaming.com/1010-games-employees-offered-no-severance-laid-off-while-on-holiday-and-more/ |access-date=2025-03-15 |website=Insider Gaming |language=en-US}}{{Cite web |title=Funko Fusion Reviews |url=https://www.metacritic.com/game/funko-fusion/ |access-date=2025-03-15 |website=www.metacritic.com |language=en}}

{{collist|colwidth=29em|

• Figma (toy)
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• McFarlane Toys
• Sideshow Collectibles
• Skylanders
• Nendoroid
• Youtooz

}}

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