What is littleBits Electronics?
littleBits Electronics, a New York City-based startup, specializes in creating an open-source library of modular electronics. These components, designed to snap together magnetically, facilitate rapid prototyping and educational exploration in the field of electronics. The company's innovative approach to making electronics accessible has positioned it as a key player in the educational technology and maker movement sectors.
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, Lerer Ventures, True Ventures, and O'Reilly AlphaTech Ventures
Series B (2013): $11.1M supported by Mena Ventures, Two Sigma Ventures, Khosla Ventures, Lerer Ventures, Foundry Group, True Ventures, Vegas Tech Fund, Neoteny Labs, and Ou2019Reilly AlphaTech Ventures
Debt (2020): $350K featuring PPP
Key Investors in littleBits Electronics
Mena Ventures
Mena Ventures is an investment company based in Bahrain that focuses on early-stage startups with strong growth potential in the MENA region and beyond. They provide financial investment, mentorship, and access to markets and networks.
Khosla Ventures
Khosla Ventures provides venture assistance and strategic advice to entrepreneurs working on breakthrough technologies, with a broad investment focus including consumer, enterprise, AI, fintech, and sustainable energy.
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.
What's next for littleBits Electronics?
The substantial enterprise-level funding littleBits Electronics has garnered suggests a strategic pivot towards scaling operations and expanding its market reach. This capital infusion is likely to fuel further product development, enhance its open-source platform, and strengthen its position in the competitive educational technology market. Future growth may involve deeper integration into enterprise solutions and broader adoption in STEM education initiatives.
See full littleBits Electronics company page
