Jibo Garners $25,300,000 Series A Financing

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1869b432-b9ab-4cd4-a8ce-58ea70df30db
Date
1/21/2015
Company Name
Jibo
Mailing Address
One Broadway 14th Floor Cambridge, MA 02142 USA
Company Description
Jibo is an interactive social and emotive robot that provides information, entertainment, education, and communications capabilities.
Website
http://www.myjibo.com
Transaction Type
Venture Equity
Transaction Amount
$25,300,000
Transaction Round
Series A
Proceeds Purposes
Jibo will use the financing to fulfill orders on its Indiegogo campaign, which has seen the company take in 4,800 orders for its little robot; as well as aggressively hire more staff, develop new prototypes, and encourage a developer community to create new apps for the company’s first product.
M&A Terms
Venture Investor
Venture Investor
Venture Investor
Venture Investor
Venture Investor
Venture Investor
Venture Investor
Venture Investor
Venture Investor