Modular Robotics Secures $3,099,999 New Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e236259e-7639-4a1a-b4a4-b065be4082ac
Date
11/14/2014
Company Name
Modular Robotics
Mailing Address
3085 Bluff Street Boulder, CO 80301 USA
Company Description
We make robot construction kits for kids. Modular Robotics is a new company, a spin-off from Carnegie Mellon University. We are turning our research prototype construction toy into a commercial product for science centers, children’s museums, and hobbyists, and we’re planning to launch our first robotic kits in 2011.
Website
http://www.modrobotics.com
Transaction Type
Venture Equity
Transaction Amount
$3,099,999
Transaction Round
Undisclosed
Proceeds Purposes
Proceeds purposes were not disclosed. SEC regulatory filing. Contact technology company for investment details, if applicable. Not an offer or solicitation for sale of securities.
M&A Terms
Venture Investor