Acon invests in collectable toy designer Funko via a secondary transaction


XDATA – October 26th 2015
Acon Funko Investors I successfully completed a $155 million non-brokered equity financing round. A total of seven investors started to subscribe to the round on October 9th. No offering was previously initiated by the company under a registration exemption with the SEC.
The company is affiliated with Funko, a designer and marketer of licensed collectible products such as vinyl figures, bobble-heads and plush characters. The entity is sponsored by Acon Investments and may be related, according to an early termination noticed filed at the FTC in October 2015, to the acquisition of Funko from Fundamental Capital. Fundamental Capital had recapitalized Funko in June 2013 with Gladstone Companies. In a related transaction, an affiliated company Acon Funko Investors Holdings issued $32.9 million worth of equity.
The company, headquartered in Washington DC, was registered this year. Revenues were not disclosed.
The executive team includes Andre Bhatia, Aron Schwartz, Barry Johnson, Bernard Aronson, Daniel Jinich, Gino Dellomo, Jonathan Ginns, Kenneth R Brotman and Teresa Bernstein.
Offering recap
Status: Completed
Company: Acon Funko Investors I
Industry: Manufacturing
Amount offered: $155 million
Amount placed: $155 million
SEC filing: Source
First sale: 10-09-2015
Data as of: 10-26-2015

 

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