Much like it is for entrepreneurs, being an inventor isn’t easy. From the moment that magic light bulb appears, product developers have to navigate a bumpy road of financing, engineering, legalities, patents and more. As a result, many great ideas never see the light of day. Quirky is on a mission to help the Idea Men and Women of the world bring their ideas to life. In fact, the startup aims to bring two consumer products to market each week, along with building an online community and a communication network around inventors.
Back in August, the three-year-old product development network raised $16 million in Series B and today is adding more coin to its coffers with a sizable $68 million series C round, led by Andreessen Horowitz. Kleiner Perkins is also a “significant participant” in the round and is joined by previous investors Norwest Venture Partners and RRE Ventures. The round brings Quirky’s total funding to $97 million.
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