BOULDER — Sphero Inc., the Boulder-based robotics company, has raised more than $12 million in an equity offering.
The company has plans to raise another $8 million, according to a Form D filed with the U.S. Securities and Exchange Commission on June 5. The date of first sale was May 25.
While owning a building seems like something every successful business should do, that’s not always the case. For many companies, it makes more sense to continue leasing space, freeing up time and capital that can be better utilized in other ways.
Sphero is known for making app-enabled toys and robots, most significantly a line of Star Wars-themed droids like BB-8 and R2D2.
Earlier this year, Sphero announced it laid off 45 employees globally as it planned to focus on its educational lineup of product.