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Pudgy Penguins Raises $9M in Seed Funding to Expand Their Brand and Develop Their Digital Collectibles Platform.

Pudgy Penguins Raises $9M in Seed Funding to Expand Their Brand and Develop Their Digital Collectibles Platform.

May 11, 2023

Miami-based internet publishing company, Pudgy Penguins, has successfully raised $9,000,000 in a seed funding round. The funding round was led by LayerZero Labs, Big Brain Holdings, Kronos Research, 1kx, CRIT Ventures, Inc., and Old Fashion Research.

Pudgy Penguins, founded by Luca Schnetzler, is a web3-born brand that fosters creativity, freedom, and community. The brand produces content, merchandise, toys, and digital collectibles, all of which are centered around the theme of playful penguins. With a strong belief in the power of play and imagination, Pudgy Penguins aims to help individuals unlock their inner child.

The funds raised in this seed round will be used to expand the Pudgy Penguins brand and further develop their digital collectibles platform. With this funding, the company plans to create new content, merchandise, and toys to engage its community and attract new fans. Pudgy Penguins also intends to build out their team and increase their marketing efforts.

Commenting on the successful funding round, Luca Schnetzler, the founder of Pudgy Penguins, said: "We are thrilled to have secured this funding and to have such an amazing group of investors supporting our vision. With this funding, we will be able to expand our brand and continue to create new and exciting experiences for our fans."

For more information about Pudgy Penguins and their digital collectibles platform, visit their website at www.pudgypenguins.com.

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