Tech Will Save Us, the London tech start-up known for its ‘hackable’ toys, has detailed an additional £1.6m Series-A extension, taking the total round to £5.3m.
The extension was led by Brighteye Ventures, Europe’s largest EdTech focused VC. The funding will be used to accelerate development of the company’s exclusive DIY gadgets and to expand into new global territories.
Alex Spiro, managing partner of BEV Advisors, will also be joining the Tech Will Save Us board.
“This new capital will help us continue to develop new STEAM-based products and expand in to new markets in Europe,” Bethany Koby, founder and CEO of Tech Will Save Us.
“We are thrilled to have BEV on board as strategic advisors as we enter a new period of accelerated growth, and we look forward to working alongside Alex and his team.”
Spiro added: “Brighteye is delighted to join the board of TWSU as investors and advisors, to help Bethany, Daniel and their team continue to build on their education strategy and distribution. TWSU’s mission to spark the creative imagination of young people using hands-on technology is perfectly aligned with how we see the future of learning, and we look forward to participating in their exciting journey.”