Quirky Adds $16M
Quirky, a website that encourages anyone to be an inventor, has raised $16 million in a Series B. The funding was led by Norwest Venture Partners, with participation from existing investor RRE Ventures. Founder Ben Kaufman told VentureWire the cash would last until 2013, at which point he expects the company will be profitable. Several of Quirky’s products have won shelf space at places like Bed Bath & Beyond, including Pivot Power, a flexible power strip invented by a college student.