Sphero

Developer of application based droids designed to combine robotics and cartoon characters for amusement

    Description

    Developer of application based droids designed to combine robotics and cartoon characters for amusement. The company's application based droids are built with gyroscope, accelerometer and led lights, enabling users to play various kind of games with the droids.

    Company Status

    The company raised $12.1 million of Series 1 venture funding from undisclosed investors on June 5, 2018, putting the company's pre-money valuation at $90 million. The funding brings its total up to around $119 million, will go into helping shape the BB-8 maker into an education-first company and will be used for working capital. Calibrate Ventures also participated in it.

    Service Providers
    General Services
    NameType
    CooleyLegal Advisor
    EkitoConsulting
    Services on a Deal
    NameType
    CooleyLegal Advisor
    General Information
    • Company Former Name
      Orbotix, GearBox
    • All Industries
      Application Software, Electronics (B2C)*, Vertical Market Software
    • Company Financing Status
      Venture Capital-Backed
    • Total Raised
      $119.00M
    • Business Status
      Generating Revenue
    • Ownership Status
      Privately Held (backing)
    • Universe
      Venture Capital
    • Website
    • Year Founded
      2010
    Employees
    • Employees
      125
    • Employee History
    Acquirers
    First Financing
    • First Financing Date
      May 10, 2010
    • First Financing Size
      $0.01M
    • First Financing Size Status
      Actual
    • First Financing Deal Type
      Seed Round
    • First Financing Deal Type 2
      Seed Round
    • First Financing Deal Class
      Venture Capital
    • First Financing Status
      Completed
    Last Financing
    • Last Financing Date
      June 5, 2018
    • Last Financing Size
      $12.10M
    • Last Financing Size Status
      Actual
    • Last Financing Valuation
      $102.10M
    • Last Financing Valuation Status
      Actual
    • Last Financing Deal Type
      Later Stage VC
    • Last Financing Deal Type 2
      Series 1
    • Last Financing Deal Class
      Venture Capital
    • Last Financing Status
      Completed
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