Quirky Lands Its Largest Funding Round at $79 MillionThe social product-development company also has extended its partnership with GE.
ByJason Fell•
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New York City-basedQuirkyhas just landed a boatload of new money to continue its mission of makinginventionsandinnovationaccessible to the masses. It announced today that ithas raised $79 millionin 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 GEreleased 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.
