Ex-Google Exec Andy Rubin Raises $48 Million for Incubator

1 min read
This story originally appeared on Fortune Magazine

Late last year, Android co-founder Andy Rubin left Google to launch what was described as a hardware incubator. Now it seems that he’s got a lot of money to work with.

Rubin’s group, called Playground Global, has raised $48 million, according to a regulatory filing. It is structured as a venture capital fund, with no investors identified in the filing.

In addition to Rubin, Playground’s board of directors includes co-founder (and ex-Microsoft exec) Peter Barrett, Rubin’s former Google (and Danger) colleague Matt Hershenson and WebTV co-founder Bruce Leak.

Update: The WSJ followed up with a story saying that investors in Playground Digital include Google, Hewlett-Packard, Google, China’s Hon Hai Precision Industry Co. and Redpoint Ventures (where Rubin also will serve as a venture partner).

More from Entrepreneur

Get heaping discounts to books you love delivered straight to your inbox. We’ll feature a different book each week and share exclusive deals you won’t find anywhere else.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Are you paying too much for business insurance? Do you have critical gaps in your coverage? Trust Entrepreneur to help you find out.

Latest on Entrepreneur