Tuesday July 23, 2019

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Quirky Raises $68M in Series C Funding

Image representing quirky as depicted in Crunc...

Image via CrunchBase

Quirky, a NY-based startup that facilitates a worldwide community of inventors to collaboratively create products, has raised $68M in Series C funding. The round was led by Andreeson Horowitz and included Kleiner Perkins Caufield & Byers, Norwest Ventures Partners and RRE Ventures, according to Gigaom. This latest round will bring Quirky’s total funding to $97M. Quirky says it will use the new funding to ramp up production across more verticals and to build their product development and community engagement teams.

The company was launched in 2009 by Ben Kaufman and has a global community of inventors that includes 260,000 members. Quirky says it has launched more than 200 products and expects to earn more than $20M in reveunue this year.