Igloo today announced the closing of over $11 million in funding led by Founders Fund with additional investments from Fenbushi Capital, 1kx, Everest Ventures Group, and Selini Capital.

Igloo will use the strategic financing to establish Cube Labs, a new venture under the Igloo banner, to lead blockchain research and technology development.

Igloo is a collection of companies, the largest of which is Pudgy Penguins. Founded in 2024, the company is headquartered in Miami, Florida. Millions of people use its wide range of popular crypto-native products and platforms each day, from Pudgy Penguins®, Pudgy World™, OverpassIP™, and more.