Boulder-based Sphero raises $11M as part of new equity round that could grow

BOULDER – Robotic toymaker Orbotix Inc., which does business as Sphero, appears to be girding for more rapid growth.

Boulder-based Sphero made a filing with the Securities and Exchange Commission recently reporting that the company has raised $11 million in new funding. But the filing also noted that the company could be seeking up to $52 million.

Sphero officials said this week that they couldn’t comment while a funding round is ongoing.

Founded in 2010, the company has raised about $33.6 million in venture capital, with its backers including Boulder-based Foundry Group. That amount includes a Series D round last year that wound up being more than $16 million.

Sphero makes a mobile-device-controlled robotic ball by the same name. Last fall, the company launched its second toy, Ollie, a cylinder-shaped robot that can race around at 15 miles per hour and perform tricks in the air.

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