littleBits Electronics acquired by Sphero
littleBits Electronics, the open-source library and maker of electronic modules and kits to foster STEM learning, has been acquired by Boulder-based Sphero. The terms of the transaction were not disclosed. “When I studied engineering, it was top-down, test-based,” said Ayah Bdeir, founder of littleBits. “I hated it and wanted to quit every semester. Then I got exposed to the pedagogy of learning through play and my life changed; no one could peel me away from learning, inventing, creating. Together, littleBits and Sphero are now bringing this experience to kids everywhere.”
Price: Terms not disclosed
Selected investors in the round: Khosla Ventures, MIT Media Lab, Morgan Stanley, True Ventures, Wamda Capital
Founding year: 2011
Total funding raised: $70.1M
Time from founding to exit: 7.98 years
Full coverage: littleBits Electronics acquired by Sphero
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