Loungefly (owned by Funko Inc) is known for manufacturing high-quality backpacks, bags, purses and wallets in partnership with other brands. While Disney Loungefly backpacks are the most popular, the company also offers bags based on other big franchises, such as Harry Potter, Pokemon, Sanrio, and more. Each Loungely Backpack and mini backpack has two storage compartments, with some variation based on design. Discontinued Loungefly bags tend to appreciate in a lot value, with some selling for thousands of dollars on secondary markets.