Pudgy Penguins Parent Firms Over $11 million
2024-07-23 15:27:46
Igloo, Inc., the parent company of Pudgy Penguins, announced the completion of over $11 million in financing, led by Founders Fund, with participation from Distributed Capital, 1kx, Everest Ventures Group, and Selini Capital. Igloo plans to invest this strategic financing in the development of its new business Cube Labs, which will oversee and participate as a contributor in the development of Abstract, a new consumption-focused blockchain designed to promote the mainstreaming of crypto. Abstract was incubated by the non-profit Abstract Foundation to bring billions of people online for the first time, and its testnet will be launched soon.
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