Orbotix Garners $15,500,000 New Funding

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=44a6480e-ff59-4f23-99cb-80fd8a05c430
Date
5/6/2014
Company Name
Orbotix
Mailing Address
4772 Walnut St. Boulder, CO 80301 USA
Company Description
We create connected toys, fusing emerging technology with the latest innovations in robotics to offer a new kind of open play experience. With our smart robots and open software we hope to inspire the next generation of inventors and programmers.
Website
http://www.gosphero.com
Transaction Type
Venture Equity
Transaction Amount
$15,500,000
Transaction Round
Undisclosed
Proceeds Purposes
Orbotix will use the funding to write the next chapter in the history of human play, while changing the toy industry forever.
M&A Terms
Venture Investor
Venture Investor
Venture Investor