Founded in 2004 as Mondo Tees, the company is a former subsidiary of the Alamo Drafthouse Cinema chain in Austin, Texas, and currently hosts a permanent gallery space there which features original artwork and custom posters.

[1] Ticket sales failed to reach even one thousand, so to prevent the festival from being a financial failure, it was moved indoors and a line of custom posters were created to promote the event.

[9][10] Artists who have created posters with Mondo include Becky Cloonan,[11][12] Laurent Durieux,[13][14] Olly Moss,[15][16] Gary Pullin,[13][17] Matthew Woodson,[18][19][20] Jay Shaw,[13][21] Matt Taylor,[22][23] Kevin Tong,[13][22] Tom Whalen,[22][24] Sam Wolfe Connelly,[12][13] and Jock.

[29] This statement was also negatively received by the public, including celebrities such as Elijah Wood, who wrote that Funko "fundamentally misunderstood Mondo, its extended family of artists and its loyal fan base.

When Mondo released a custom poster for the film Pan's Labyrinth, director Guillermo del Toro stated, "I felt completely overwhelmed and happy.

MondoCon is an annual festival held in Austin that showcases the artwork of Mondo and features exclusive collectibles, panels, and special screenings with filmmakers and artists.