About Sphero
Sphero is a company based in Boulder (United States) founded in 2010.. Sphero has raised $112.01 million across 17 funding rounds from investors including The Walt Disney Company, Mercato Partners and Foundry. Sphero has completed 2 acquisitions, including Specdrums and littleBits. Sphero offers products and services including Sphero Robots, STEAM Tools, BOLT Robot, and RVR Robot. Sphero operates in a competitive market with competitors including Osmo, STEMpedia, littleBits, Makeblock and Kokoji, among others.
- Headquarter Boulder, United States
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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
$112.01 M (USD)
in 17 rounds
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Latest Funding Round
$3 M (USD), Series D
Jun 11, 2020
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Investors
The Walt Disney Company
& 4 more
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Employee Count
Employee Count
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Investments & Acquisitions
Specdrums
& 1 more
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Products & Services of Sphero
Sphero offers a comprehensive portfolio of products and services, including Sphero Robots, STEAM Tools, BOLT Robot, and RVR Robot. 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.
Programmable devices for coding and STEM activities
Tools for science, music, and arts learning
Interactive robot for coding and problem-solving exercises
Vehicle for engineering and exploration activities
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Funding Insights of Sphero
Sphero has successfully raised a total of $112.01M across 17 strategic funding rounds. The most recent funding activity was a Series D round of $3 million completed in June 2020. 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 17
- Last Round Series D — $3.0M
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First Round
First Round
(03 Sep 2010)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2020 | Amount | Series D - Sphero | Valuation |
investors |
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| Dec, 2019 | Amount | Series D - Sphero | Valuation |
investors |
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| Aug, 2019 | Amount | Series D - Sphero | Valuation |
investors |
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| 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 Sphero
Sphero has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include The Walt Disney Company, Mercato Partners and Foundry. 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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Growth-stage investments in consumer tech are managed.
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Founded Year | Domain | Location | |
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Venture capital is invested in early-stage tech startups.
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Founded Year | Domain | Location | |
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Tech focused early stage VC firm investing in the US
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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 Sphero
Sphero has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Specdrums and littleBits. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Portable wireless music devices are developed for interactive play.
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2016 | ||||
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Modular electronics and coding kits are provided for STEAM education.
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2011 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Sphero
| 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 |
Sphero Comparisons
Competitors of Sphero
Sphero 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 Osmo, STEMpedia, littleBits, Makeblock and Kokoji, 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 |
Hardware-based iPad games for children are developed.
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| domain | founded_year | HQ Location |
STEM learning platforms and DIY kits are provided for students.
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| domain | founded_year | HQ Location |
Modular electronics and coding kits are provided for STEAM education.
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| domain | founded_year | HQ Location |
Robotic kits for coding education are offered by Makeblock.
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| domain | founded_year | HQ Location |
Delivers app-based interactive robot solutions to enhance children's learning and engagement.
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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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Latest news on Sphero
Frequently Asked Questions about Sphero
When was Sphero founded?
Sphero was founded in 2010.
Where is Sphero located?
Sphero is headquartered in Boulder, United States. It is registered at Boulder, Colorado, United States.
Is Sphero a funded company?
Sphero is a funded company, having raised a total of $112.01M across 17 funding rounds to date. The company's 1st funding round was a Series D of $27.77M, raised on Sep 03, 2010.
What does Sphero do?
Founded in 2010 in Boulder, United States, Sphero operates in the consumer robotics and gaming sector. Robotic devices such as the Sphero ball, equipped with gyroscope, accelerometer, and Bluetooth connectivity, are designed and produced for smartphone control. An SDK has been released for developers to create applications, and various free apps have been developed by the company. Additionally, the Ollie tubular robot has been engineered for speed and racing activities.
Who are the top competitors of Sphero?
Sphero's top competitors include Osmo, STEMpedia and littleBits.
What products or services does Sphero offer?
Sphero offers Sphero Robots, STEAM Tools, BOLT Robot, and RVR Robot.
How many acquisitions has Sphero made?
Sphero has made 2 acquisitions, including Specdrums, and littleBits.
Who are Sphero's investors?
Sphero has 5 investors. Key investors include The Walt Disney Company, Mercato Partners, Foundry, Highway 12 Ventures, and Grishin Robotics.
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