Sphero
Latest round
- Series G
Last raised
- Mar 2017
Total raised
- $67M
Investors
- 8
About Sphero
Sphero, Inc.Founded in 2010 by Nateo Potato, Sphero, Inc. is based in Boulder, US.Sphero Inc. specializes in educational technology through its innovative range of coding robots and kits targeting various age groups, primarily from preschool to high school. The company's core product offerings include the BOLT+, RVR, and Sphero Mini robots, along with engineering kits like littleBits and hands-on building activities that promote STEM education. These products facilitate interactive learning experiences that captivate students and encourage the development of critical thinking, creativity, and problem-solving skills. Sphero's educational tools are utilized in classrooms across North America, Europe, and Australia, primarily serving schools, educational institutions, and educators looking to enhance their curriculum with practical applications of coding and robotics.Sphero generates revenue through direct sales of its robotics products and educational kits, primarily targeting educational institutions and individual consumers. The company engages in B2B transactions with schools, offering bulk purchasing options for educators while also catering to direct-to-consumer sales for parents and individual learners. Additionally, Sphero provides subscriptions and professional development resources for educators to enhance the learning experience within classrooms. The pricing structure varies based on the product line, with flagship products like the BOLT+ and RVR being integral to the company's offerings. The company is currently designing several new educational technology products aimed at enhancing coding and robotics learning, with launches expected in the next 12 to 18 months. Additionally, Sphero targets expansion into the Asian and South American markets by 2022, focusing on increasing accessibility to its innovative educational products. Through these initiatives, Sphero aims to solidify its presence in the global educational technology landscape.
Who invested in Sphero
8 investors across 9 rounds
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Funding rounds
Series G
Mar 22, 2017
Amount
$24M
Investors
Series F
May 11, 2015
Amount
$11M
Investors
Series E
Jun 27, 2014
Amount
$1M
Investors
Series E
Apr 30, 2014
Amount
$16M
Investors
Series D
Apr 26, 2013
Amount
$4M
Investors
Series C
May 23, 2012
Amount
$5M
Investors
Series B
Apr 1, 2011
Amount
$4.9M
Investors
Series A
Oct 4, 2010
Amount
$1M
Investors
Series A
Sep 3, 2010
Amount
$1.1M
Investors
Questions about Sphero
Who invested in Sphero?
Sphero has 8 investors on record across 9 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Sphero raised?
Sphero has raised 9 venture rounds. Sign up free to see how much each round raised and the total.
When did Sphero last raise money?
Sphero's most recent round on record is a Series G, in Mar 2017.
What does Sphero do?
Sphero is a consumer products company.
Where is Sphero headquartered?
Sphero is headquartered in Boulder, US.
Which VCs invest in companies like Sphero?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back consumer products companies at Sphero's stage. Their profiles are linked below.
VCs backing consumer products startups at Series G
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