What is littleBits Electronics?
littleBits Electronics is a New York City-based technology startup that has carved out a unique niche in the educational and prototyping hardware sector. By developing an open-source library of modular electronic components that snap together using magnets, the company has effectively democratized hardware design. This modular approach allows users to build sophisticated circuits without the need for soldering or complex wiring, making it a cornerstone tool for STEM education and rapid product prototyping. The company's market position is bolstered by its commitment to open-source principles, which has fostered a robust community of creators and educators who rely on its hardware to bridge the gap between abstract digital concepts and physical implementation.
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 Lerer Ventures, True Ventures, Khosla Ventures, and O'Reilly AlphaTech Ventures
Series B (2013): $11.1M supported by Lerer Ventures, Neoteny Labs, Two Sigma Ventures, True Ventures, Foundry Group, Mena Ventures, Vegas Tech Fund, Khosla Ventures, and Ou2019Reilly AlphaTech Ventures
Debt (2020): $350K featuring PPP
Key Investors in littleBits Electronics
True Ventures
True Ventures is a founder-first venture capital firm that partners with creative teams at the earliest stages, providing capital, guidance, and a strong community to help build enduring technology and artificial intelligence-driven companies.
Foundry Group
Foundry Group is a venture capital firm focused on investing in early-stage information technology, internet, and software startups, leveraging deep industry expertise to help entrepreneurs turn ideas into scalable companies.
Khosla Ventures
Khosla Ventures provides venture assistance and strategic advice to entrepreneurs working on breakthrough technologies, with a broad focus spanning consumer, enterprise, AI, and robotics sectors.
What's next for littleBits Electronics?
With the recent major strategic investment, littleBits Electronics is well-positioned to accelerate its enterprise-level initiatives. The focus is expected to shift toward expanding its reach within institutional and educational markets, potentially integrating more advanced AI and IoT capabilities into its modular ecosystem. By leveraging the expertise of its long-standing venture partners, the company aims to solidify its infrastructure and enhance its product development pipeline. The strategic deployment of this capital will likely prioritize scaling operations to meet the increasing demand for accessible, high-quality hardware learning tools, ensuring the firm remains at the forefront of the educational technology landscape.
See full littleBits Electronics company page
