What is littleBits Electronics?
littleBits Electronics, a New York City-based startup, is renowned for its open-source library of modular electronics. These components, designed to snap together magnetically, facilitate rapid prototyping and serve as an educational tool for learning about electronics. The company's unique product offering has positioned it as a key player in the educational technology and maker movement sectors, enabling users from hobbyists to professionals to easily create electronic circuits and interactive projects.
How much funding has littleBits Electronics raised?
littleBits Electronics has raised a total of $15.9M across 4 funding rounds:
Angel/Seed
$850K
Series A
$3.6M
Series B
$11.1M
Debt
$350K
Angel/Seed (2011): $850K, investors not publicly disclosed
Series A (2012): $3.6M led by Khosla Ventures, True Ventures, O'Reilly AlphaTech Ventures, and Lerer Ventures
Series B (2013): $11.1M supported by Vegas Tech Fund, Ou2019Reilly AlphaTech Ventures, Mena Ventures, Two Sigma Ventures, Neoteny Labs, True Ventures, Lerer Ventures, Foundry Group, and Khosla Ventures
Debt (2020): $350K featuring PPP
Key Investors in littleBits Electronics
Khosla Ventures
Khosla Ventures is a venture capital firm that provides strategic advice to entrepreneurs working on breakthrough technologies, focusing on a broad range of areas including consumer, enterprise, AI, fintech, semiconductors, health, agriculture, sustainable energy, and robotics.
True Ventures
True Ventures is a founder-first venture capital firm that partners with creative teams at the earliest stages, providing capital and guidance to help build enduring technology and AI-driven companies.
O'Reilly AlphaTech Ventures
O'Reilly AlphaTech Ventures, associated with O'Reilly Media's extensive network, focuses on technology and business training, providing insights and knowledge to help companies succeed through innovative learning solutions.
What's next for littleBits Electronics?
The recent major strategic investment in littleBits Electronics signals a pivotal moment for the company, likely enabling expansion into new markets, further product development, and scaling of its operational capabilities. With a foundation built on accessible and innovative modular electronics, the company is well-positioned to capitalize on the growing demand for STEM education tools and rapid prototyping solutions. Future growth may involve deeper integration into educational curricula, partnerships with industry leaders, and the development of more sophisticated electronic modules.
See full littleBits Electronics company page
