Pudgy Penguins Seeks $10 Million from Investors; CEO Denies Raising Money

Nov 04,2022
KingData News: Pudgy Penguins is the latest NFT collection to seek backing from venture capitalists. The project is in talks with investors about raising up to $10 million in a seed round, based on documents obtained by The Block. The documents indicate that the round, if closed, would give Pudgy Penguins a $50 million valuation. Pudgy Penguins CEO Luca Netz strongly denied that the project is raising money, however. He described The Block’s reporting as “all wrong information,” and warned he would publicly brand any story on the subject “fake news.”
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