Tech Will Save Us, a London, UK-based startup providing kids with ‘hackable’ toys, raised an additional £1.6m in a Series A extension.
The extension, which was led by Brighteye Ventures, brought the total round to £5.3m. Alex Spiro, Managing Partner of BEV Advisors, will be joining the Tech Will Save Us board.
The company intends to use the funds to accelerate development of its DIY gadgets and to expand into new global territories.
Founded in 2012 by husband-and-wife pair Bethany Koby and Daniel Hirschmann, Tech Will Save Us offers educational, accessible experiences for young kids and parents to creatively engage with technology. The company’s products have been sold in over 87 countries and are available via www.techwillsaveus.com and select major retailers across the world including Nordstrom, Best Buy and John Lewis.
The company has also secured numerous partnerships, developing a superhero themed electronic building kit with Marvel and a coding kit with the BBC.