Kids Games Device, Osmo, Secures $12M in Series A Funding Led by Accel Partners
PALO ALTO, Calif. – (October 16, 2014)— Today, Osmo , the hardware games device for kids that connects to any iPad, announced it has closed $12 million in Series A Round funding led by investor Accel Partners. Other investors participating in the funding round include Upfront Ventures and K9 Ventures. As part of the investment, Accel Partners’ Rich Wong will join the company’s board of directors.
Osmo ’s mission to start a new Play Movement has created massive interest and enthusiasm. Five months ago Osmo announced its pre-sales campaign, which exceeded its expectations. One month ago it shipped to backers with over two million dollars in presales and over two thousand schools using the product.
“A year ago Jerome and I were still 3D printing Osmo in my garage, iterating on jagged prototypes,” said Pramod Sharma, CEO and co-founder of Osmo . “It’s an incredible moment for our company and with our new round of funding and another great investor we can continue to push ourselves to make Osmo even better as we redefine the way kids play.”
Accel Partners invests in transformative technology companies at intersection of mobile, education and gaming. In addition to Osmo , Accel has been a leading investor in top education companies such as Lynda.com, Educreations and Wyzant, and mobile and gaming companies such as Supercell, Rovio, Playfish, MoPub, AdMob, Tune and SwiftKey.
“ Osmo ’s technology makes childhood education more personal, creative and engaging. We believe that the future of education will rely on intuitive innovation that amplifies learning through interactive online-to-offline experiences – Osmo is at the forefront of this movement,” said Rich Wong, partner at Accel Partners. “ Osmo is a natural fit for parents and teachers because it adds a small but powerful layer of technology on top of a platform (the iPad) that children already know and love.”
Osmo will be demoed and sold in Marbles Toy Stores around the US. To find the nearest Marbles store visit: http://www.marblesthebrainstore.com/.
To order Osmo online and get more information about the company visit: http://www.playosmo.com/
Osmo is available at Apple retail stores in the United States and Canada, and the Apple Online Store (www.apple.com).
Started in 2013 by Pramod Sharma and Jerome Scholler, Osmo is a gaming company built around its proprietary Reflective Artificial Intelligence. It aims to create a new play movement to unleash the boundaries of the screen with the launch of its inaugural product, Osmo . Osmo expands the playing field and engages creative thinking and social interaction, allowing any object - pen and paper, you name it - to interact with the digital device. Osmo is headquartered in Palo Alto, CA.
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