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Sphero creates innovative coding robots and kits designed for PK-12 STEM education, promoting AI literacy and career and technical education.
Sphero has raised $75.0M across 4 funding rounds.
Sphero has raised $75.0M in total across 4 funding rounds.
Sphero is a leading edtech company specializing in programmable robots and STEAM-based educational tools that make coding, science, music, and arts engaging for K-12 students.[1][2][3] It serves educators, schools, and parents worldwide, solving the challenge of making technical subjects accessible and fun by turning classroom play into skill-building for future careers in STEM, computer science, and AI literacy.[1][4][6] With products like BOLT+, RVR+, Mini, indi, and littleBits kits, plus standards-aligned curricula, Sphero reaches over 40,000 educators and 20,000 institutions, driving growth through innovations like its 2025 Fast Company recognition for Most Innovative Education Companies.[1][2]
Founded in 2010 in Boulder, Colorado, as a TechStars startup, Sphero initially pioneered smartphone-robot interactions with its iconic programmable ball robot, aiming to create fun tech experiences.[1][3][4] The idea evolved when teachers adopted the robots for education, prompting Sphero to build a full ecosystem of activities, lessons, and computer science curricula aligned to U.S., U.K., and Australian standards.[4] A pivotal 2019 acquisition of littleBits expanded its offerings into electronic invention kits, shifting fully from consumer gadgets to comprehensive K-12 STEAM tools; today, it's privately held by founders, investors, and shareholders.[1][4]
Sphero rides the surging demand for hands-on STEM and AI literacy amid global skills gaps in tech workforce development, amplified by post-pandemic edtech adoption and CTE emphasis.[2][4] Its timing aligns with rising K-12 coding mandates and AI integration in curricula, positioning it against competitors like Makeblock and LocoRobo by prioritizing fun, cross-platform tools over niche kits.[3] Market forces like educator burnout and equity in access favor Sphero's teacher-supported, inclusive model, influencing the ecosystem by setting standards for experiential learning—evident in its 2025 Fast Company nod alongside giants like Nvidia.[2]
Sphero's momentum, fueled by BOLT+ launches and CTE expansions, points to deeper AI and robotics integrations for high school and beyond, capitalizing on edtech's shift to workforce-ready skills.[2] Trends like AI literacy mandates and hybrid learning will propel growth, potentially through partnerships or new patents leveraging its 98 filings.[3] As edtech matures, Sphero could evolve influence by scaling global reach, solidifying its role from fun robots to essential future-proofing tools—echoing its origins in sparking tomorrow's creators.[1][6]
Sphero has raised $75.0M across 4 funding rounds. Most recently, it raised $45.0M Series E in May 2015.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| May 1, 2015 | $45M Series E | — | Flex Capital, Foundry Group, LAUNCH, Powerhouse Capital, Techstars, James Giancotti, Marc Benioff, Ryan Allis | Announced |
| May 1, 2014 | $20M Series D | — | Audrey Capital, Bain Capital Ventures, Bessemer Venture Partners, Chemistry VC, Flex Capital, Foundry Group, LAUNCH, NextGen Venture Partners, Powerhouse Capital, Techstars, Uncork Capital, James Giancotti, Marc Benioff, Ryan Allis | Announced |
| May 1, 2012 | $5M Series C | — | Audrey Capital, Bain Capital Ventures, Bessemer Venture Partners, Chemistry VC, Flex Capital, Foundry Group, LAUNCH, NextGen Venture Partners, Powerhouse Capital, Techstars, Uncork Capital, James Giancotti, Marc Benioff, Ryan Allis | Announced |
| Apr 1, 2011 | $5M Series B | — | Audrey Capital, Bain Capital Ventures, Bessemer Venture Partners, Chemistry VC, Flex Capital, Foundry Group, LAUNCH, NextGen Venture Partners, Powerhouse Capital, Techstars, Uncork Capital, James Giancotti, Marc Benioff, Ryan Allis | Announced |
Sphero has raised $75.0M in total across 4 funding rounds.
Sphero's investors include Flex Capital, Foundry Group, LAUNCH, Powerhouse Capital, Techstars, James Giancotti, Marc Benioff, Ryan Allis, Audrey Capital, Bain Capital Ventures, Bessemer Venture Partners, Chemistry VC.