Peter Thiel, Founders Fund Lead $11M Investment In Pudgy Penguins Parent Company: 'Excited to Drive the Consumer Crypto Revolution Forward'
Portfolio Pulse from Chris Katje
Igloo Inc, the parent company of Pudgy Penguins, has raised $11 million in a funding round led by Founders Fund to develop Abstract, a blockchain aimed at mass consumer adoption of cryptocurrency. Pudgy Penguins' consumer products are available in major retailers like Walmart, Target, Five Below, and Amazon.
July 24, 2024 | 3:23 pm
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POSITIVE IMPACT
Amazon is one of the major retailers carrying Pudgy Penguins products, which could drive online sales.
The availability of Pudgy Penguins products on Amazon could attract more customers, increasing online sales.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
VanEck used Pudgy Penguins characters in an advertisement for its Ethereum ETF, potentially increasing interest in the ETF.
The use of popular Pudgy Penguins characters in VanEck's advertisement could attract more attention to its Ethereum ETF.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 30
POSITIVE IMPACT
Five Below is one of the major retailers carrying Pudgy Penguins products, which could drive foot traffic and sales.
The availability of Pudgy Penguins products in Five Below could attract more customers, increasing foot traffic and sales.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Target is one of the major retailers carrying Pudgy Penguins products, which could drive foot traffic and sales.
The availability of Pudgy Penguins products in Target could attract more customers, increasing foot traffic and sales.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Walmart is one of the major retailers carrying Pudgy Penguins products, which could drive foot traffic and sales.
The availability of Pudgy Penguins products in Walmart could attract more customers, increasing foot traffic and sales.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50