Quirky Lands Its Largest Funding Round at $79 Million
New York City-based Quirky has just landed a boatload of new money to continue its mission of making inventions and innovation accessible to the masses. It announced today that it has raised $79 million in a Series D financing round -- its biggest yet.
Thirty million is coming from GE, which will be taking a minority stake in Quirky, with the rest of the funds coming from a collection of Quirky's previous investors including Andreessen Horowitz and Kleiner Perkins Caufield & Byers.
To date, Quirky has raised $175 million in financing.
In connection with the fundraising news, Quirky says it has extended its partnership with GE to co-develop a line of 30 new connected home devices over the next five years. Last week, Quirky and GE released the first products in that line, including an app-enabled personal dashboard that displays an array of digital information that's most important to you.
Quirky and GE kicked off its connected home device partnership in April.
Jason Fell is director of native content for Entrepreneur, managing the Entrepreneur Partner Studio, which creates dynamic and compelling content for our partners. He previously served as Entrepreneur.com's managing editor and as the technology editor prior to that.