More Fuel in the Tank – We Closed Our Series B

07 Apr 2011

Last week we closed our $5m Series B round of financing.

It was a quick and straightforward deal led by Foundry Group and Highway 12 Ventures. We are going to use the money to continue getting Sphero ready for market and beyond.

So far all lights are green, all systems are go - Sphero is still on target for a holiday 2011 launch.

And we haven’t forgotten about our developers friends! By the end of summer you folks will have early pre-production units in your hands to start exploring all of Sphero’s capabilities with our open API.

Foundry Group and Highway 12 are two great venture firms that know what it takes to grow a successful company. Mark Solon from Highway 12 will be joining our board - we’re excited to have him on our team - and now he's really got some balls.

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