Toy-Robotics Sphero Raises $12 Million to Shape Education-First Market

Published by , June 18, 2018 1:54 pm

(TechCrunch)  Toy-robotics company Shepo has raised another $12 million, bringing its total up to around $119 million. The latest round will go into helping shape the BB-8 maker into an education-first company.
“The recent round of funding has currently raised $12 million, and we anticipate at the time of final closing up to $20 million may be raised in total,” Sphero said. Funding has/will come from existing and new investors and will be used for working capital as we engage in a larger strategy that focuses on the intersection of play and learning.” Sphero has long been building out its play in the space, in tandem with its more consumer-focused offerings.

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