What is Moff?
Moff is a technology company specializing in interactive wearable devices for children. Its flagship product, the Moff Band, is a Bluetooth-connected slap bracelet that encourages imagination and physical activity through a free companion app. The app offers over 30 sound effects, ranging from musical instruments and sports to fantasy elements, with new sounds updated weekly. The Moff Band is designed for children aged 3-12 and is compatible with both Android and Apple smartphones and tablets, providing an immersive and safe play experience with its silicone casing and no sharp edges. The company is also developing third-party applications to expand its ecosystem.
How much funding has Moff raised?
Moff has raised a total of $4M across 2 funding rounds:
Angel/Seed
$1.3M
Private Equity
$2.7M
Angel/Seed (2015): $1.3M with participation from TomyK, Orso, and Bandai Namco Entertainment
Private Equity (2017): $2.7M led by Energy & Environment Investment, Inc.,, Tsuneishi Capital Partners Co., Ltd., and Mitsubishi Research Institute
Key Investors in Moff
TomyK
TomyK Ltd. is a Japanese venture capital firm established in 2012, focusing on early-stage companies, particularly in robotics, AI, human augmentation, biotechnology, and other frontier technologies.
Orso
ORSO Inc. is an IT company based in Japan that specializes in user experience design through technology and creativity, offering services in digital business co-creation, IoT drone services, and educational app development.
Bandai Namco Entertainment
BANDAI NAMCO Entertainment America Inc. is a global entertainment company established in 1996, known for publishing and developing interactive entertainment for various platforms, including video games and mobile applications.
What's next for Moff?
With the recent major strategic investment, Moff is well-positioned to scale its operations and further develop its product line. The substantial enterprise-level funding suggests a focus on expanding market reach, enhancing app features, and potentially exploring new product categories within the interactive toy and wearable technology space. This strategic backing will likely fuel innovation, allowing Moff to solidify its position as a leader in imaginative play technology for children.
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