The Chernin Group Invests $263 Million USD in Funko

The Chernin Group (TCG) has just announced a $263 million USD strategic investment in Funko through a secondary offering -- a 25% stake in Funko. The investor consortium sees names like eBay, former Disney chairman Robert A. Iger, and Klutch Sports' Rich Paul. This move was a response to the overall demand from Funko fans where the company experienced a 63% YOY growth to $308.3 million USD with a net income increase of 31% YOY to $14.5 million USD. Jesse Jacobs, co-founder and partner at The Che...