Robo Wunderkind, a Vienna, Austria-based robotics and coding education startup, raised $500k in funding.
The round was led by Arkley VC, with participation from business angel Juergen Habichler and Austrian federal promotional bank AWS.
The company intends to use the funds to set up their worldwide distribution channels, increase their marketing efforts and launch their new Robo Play App.
Led by Rustem Akishbekov, CEO, Robo Wunderkind teaches robotics and coding to children from the age of five. Through their robot, which consists out of different building blocks and an accompanying app, children can learn the logic behind coding by “teaching” their robot different tricks.
The robots are expandable by adding different blocks, sensors, cameras, motion detectors, and all sorts of other modules that make sure the robot can grow alongside the child.
The company surpassed their $70.000 pledge for their Kickstarter campaign and raised over $250.000 – 350% of their original goal.
They are now starting production and are taking pre-orders for those who missed out on their Kickstarter campaign.
Robo Wunderkind plans to to make the Robo Play App compatible with other Internet of Things (IoT) devices, such as cameras, lights, motion and light sensors.