This week, Silicon Valley-based venture capital firm Fenox Venture Capital announced it has invested in Indiegogo-success, Jibo, Inc.
Jibo, which was founded by MIT Media Labs professor Cynthia Breazeal, helps the family stay connected and improves family communication — anything from lending a hand in managing your busy life to providing companionship and entertainment. The startup transforms existing, flat content and application experiences so you can interact with technology in a way never before possible.
During its time on Indiegogo, the Jibo robot secured over $3 million. In January of this year, the company raised $25.3M in Series A financing. The funds invested in this extension round will be used to accelerate operations, product enhancements, partner content integrations and market introduction. Prior to this strategic investment, The company’s combined Indiegogo and InDemand campaigns raised approximately $4M with more than 6,500 robots sold. The company also received $11 million during its Series A extension financing.
Fenox Venture Capital’s strategic investment will help Jibo bring its “social robot” to more households across the globe. Through the firm, Jibo Inc. has partnered with SEGA SAMMY HOLDINGS, and CAC Holdings, which will help the company expand its sales and marketing to key regions globally.
Anis Uzzaman, General Partner at Fenox Venture Capital, stated:
“These partnerships will bring great innovation not only to Japan but also around the world. Fenox VC will continue to partner with innovative startups and bridge the gap between Japan and Silicon Valley, and eventually the world.”
Steve Chambers, CEO of Jibo, Inc. added:
“We’re excited to be partnering with Fenox VC to fuel our global growth. We are already working with Fenox VC to help us find the right partnerships worldwide.”
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