What is Sphero?
Sphero is dedicated to transforming education through engaging, hands-on technology. The company develops programmable robots and STEAM-based learning tools that seamlessly integrate coding, science, music, and arts, fostering critical thinking and problem-solving skills essential for 21st-century careers. By providing educators and students with resources to explore STEM concepts, Sphero aims to nurture creativity and innovation in classrooms worldwide, making complex subjects accessible and enjoyable.
How much funding has Sphero raised?
Sphero has raised a total of $151.7M across 17 funding rounds:
Private Equity
$4M
Multiple Rounds
$37.6M
Multiple Rounds
$59.1M
Private Equity
$23.8M
Other Financing Round
$12.1M
Debt
$2M
Debt
$2M
Private Equity (2013): $4M, investors not publicly disclosed
Private Equity (2014): $15.5M, investors not publicly disclosed
Series D (2014): $20M with participation from Highway 12 Ventures, Grishin Robotics, Foundry Group, and Shea Ventures
Private Equity (2014): $996K, investors not publicly disclosed
Other Financing Round (2014): $120K supported by Disney Accelerator and Techstars
Series C (2014): $997K, investors not publicly disclosed
Private Equity (2015): $11M, investors not publicly disclosed
Other Financing Round (2015): $45M with participation from The Walt Disney Company, Mercato Partners, and Foundry Group
Private Equity (2015): $2M, investors not publicly disclosed
Unspecified (2015): $1.2M, investors not publicly disclosed
Private Equity (2017): $23.8M, investors not publicly disclosed
Other Financing Round (2018): $12.1M backed by The Walt Disney Company and Mercato Partners
Debt (2020): $2M with participation from PPP
Debt (2021): $2M led by PPP
Key Investors in Sphero
The Walt Disney Company
The Walt Disney Company is a global leader in entertainment and media, known for its extensive portfolio of theme parks, studios, and consumer products. Their involvement suggests a strategic interest in educational technology and innovative consumer experiences.
Mercato Partners
Mercato Partners is an investment firm focused on identifying and operating businesses in the technology or branded consumer products sectors. Their participation indicates a belief in Sphero's market potential and product innovation.
Foundry Group
Foundry Group is a venture capital firm specializing in early-stage information technology, internet, and software startups. Their investment highlights Sphero's strong foundation in technology and its potential for significant growth.
What's next for Sphero?
With a history of substantial capital infusions, including major enterprise-level funding and strategic investments, Sphero is well-positioned for continued growth and innovation. The company's focus on STEAM education aligns with the increasing demand for digital literacy and STEM proficiency in K-12 curricula. Future developments are likely to involve expanding their product line, enhancing their educational platforms, and forging new partnerships to broaden their reach in the global edtech market. The consistent backing from strategic investors suggests confidence in Sphero's mission and its potential to shape the future of learning.
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