About LocoRobo
LocoRobo is a company based in Philadelphia (United States) founded in 2015.. LocoRobo has raised $100 thousand across 2 funding rounds from investors including Dreamit and Yope. The company has 5 employees as of December 31, 2021. LocoRobo offers products and services including Drones, Robotics, AI Solutions, Certifications, and Webinars. LocoRobo operates in a competitive market with competitors including Makeblock, Robo Wunderkind, Luxrobo, Modular Robotics and Shape Robotics, among others.
- Headquarter Philadelphia, United States
- Employees 5 as on 31 Dec, 2021
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Sectors
TechnologyEducation
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$100 K (USD)
in 2 rounds
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Latest Funding Round
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Investors
Dreamit
& 1 more
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Employee Count
5
as on Dec 31, 2021
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Products & Services of LocoRobo
LocoRobo offers a comprehensive portfolio of products and services, including Drones, Robotics, AI Solutions, Certifications, and Webinars. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Hands-on kits for piloting and coding drones in STEM learning.
Kits for building and programming robots to teach automation skills.
Comprehensive AI education programs for K-12 students and teachers.
Industry-recognized badges in robotics and AI for student career prep.
Interactive sessions on coding and STEM topics for educators.
Funding Insights of LocoRobo
LocoRobo has successfully raised a total of $100K across 2 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
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First Round
First Round
(22 Jun 2015)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2015 | Amount | Seed - LocoRobo | Valuation |
investors |
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| Jun, 2015 | Amount | Seed - LocoRobo | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in LocoRobo
LocoRobo has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Dreamit and Yope. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Startup accelerator
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Founded Year | Domain | Location | |
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Yope is focused on empowering university-born founders through funding.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by LocoRobo
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - LocoRobo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Locorobo Comparisons
Competitors of LocoRobo
LocoRobo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Makeblock, Robo Wunderkind, Luxrobo, Modular Robotics and Shape Robotics, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Robotic kits for coding education are offered by Makeblock.
|
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| domain | founded_year | HQ Location |
Smartphone controlled robotic device for kids to learn coding and robotics
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| domain | founded_year | HQ Location |
DIY robot kits for code learning are provided by Luxrobo.
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| domain | founded_year | HQ Location |
Modular robot kits are built for children's reconfigurable creations.
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| domain | founded_year | HQ Location |
Robots are offered for STEAM learning via AI-powered educational platforms.
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| domain | founded_year | HQ Location |
Robotics and coding education is provided through Ozobot games.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about LocoRobo
When was LocoRobo founded?
LocoRobo was founded in 2015.
Where is LocoRobo located?
LocoRobo is headquartered in Philadelphia, United States. It is registered at Philadelphia, Pennsylvania, United States.
Is LocoRobo a funded company?
LocoRobo is a funded company, having raised a total of $100K across 2 funding rounds to date. The company's 1st funding round was a Seed of $100K, raised on Jun 22, 2015.
How many employees does LocoRobo have?
As of Dec 31, 2021, the latest employee count at LocoRobo is 5.
What does LocoRobo do?
LocoRobo was founded in 2015 in Philadelphia, United States, within the edtech sector. Robotic kits powered by Atmel AVR processors are provided, equipped with sensors and controllable via Bluetooth from smartphones. Coding languages such as visual coding, Python, C, C, MATLAB, and NodeJS are taught through these kits. Problem-solving is facilitated by iOS, Android, and web apps, along with online educational lessons.
Who are the top competitors of LocoRobo?
LocoRobo's top competitors include Shape Robotics, Robo Wunderkind and Makeblock.
What products or services does LocoRobo offer?
LocoRobo offers Drones, Robotics, AI Solutions, Certifications, and Webinars.