Tangible Play Status
The company raised $24 million of Series C venture funding through a combination of debt and equity from Mattel, Houghton Mifflin Harcourt, Calibrate Ventures and Shea Ventures on December 8, 2016, putting the company's pre-money valuation at $65 million. Wareness, Upfront Ventures, K9 Ventures, Accel, Collaborative Fund and Sesame Workshop also participated in the round. Out of the total transaction $4 million was raised in the form of convertible debt. The funding will be used to build out the company's suite of mixed-reality experiences, underlying reflective AI technology and help the company launch on its first non-iPad device, the iPhone.