Modular Robotics Lands $3,000,000 New Round

  • Feed Type
  • Date
    7/24/2012
  • Company Name
    Modular Robotics
  • Mailing Address
    3085 Bluff Street Boulder, CO 80301
  • Company Description
    We make robot construction kits for kids. Modular Robotics is a new company, a spin-off from Carnegie Mellon University. We are turning our research prototype construction toy into a commercial product for science centers, children’s museums, and hobbyists, and we’re planning to launch our first robotic kits in 2011. We have received initial funding from private endowments and from the National Science Foundation. We believe that toys shape the way that children think about the world.
  • Website
    http://www.modrobotics.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $3,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Proceeds purposes were not disclosed.
  • M&A Terms
  • Venture Investor
    Foundry Group
  • Venture Investor
    Bullet Time Ventures

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