Quirky
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| Type | Private |
|---|---|
| Dissolved | September 22, 2015 (Filed for Chapter 11 Bankruptcy) |
| Headquarters | New York City |
| Key people | Ed Kremer (CEO) |
| Subsidiaries | Undercurrent |
| Slogan(s) | We Make Invention Accessible |
| Website | www |
| Registration | Optional |
| Users | 1,130,000 |
| Available in | English |
| Launched | June 2009 |
| Current status | Inactive |
Quirky was an invention platform that connects inventors with companies that specialized in a specific product category.[1] Partners included General Electric, Mattel, Harman and PepsiCo.
Contents
History
Quirky was founded in 2009 by Ben Kaufman.[2]
In April 2010, Quirky received $6.5 million in Series A venture capital funding, led by RRE Ventures.[3] The company later received a $16 million Series B round in August 2011 led by Norwest Venture Partners, and a $68 million Series C round in September 2012 led by Andreessen Horowitz and Kleiner Perkins Caufield & Byers.[4] Then, in November 2013, Quirky raised $79 million in Series D funding from GE as well as its venture investors Andreessen Horowitz, Norwest Venture Partners, RRE and Kleiner Perkins Caufield & Byers.[5] Part of the deal extends a partnership that Quirky and GE struck earlier this year, with GE now putting $30 million into the funding round and committing to build 30 connected-home gadgets together in the next five years.[6]
In 2011, a reality television series named Quirky debuted on the Sundance Channel following events at the Quirky office.[7]
On July 31, 2015, Ben Kaufman stepped down as CEO of Quirky following a layoff of 111 employees due to trouble getting funding.[8][9][10][11][12]
On September 22, 2015, the company filed for Chapter 11 bankruptcy.[13][14]
February 8, 2016, seems as though Quirky is back with new financing: <Querky has new owners>.
See also
- Doreen Lorenzo, the company's former president
References
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- ↑ Quirky's 23-year-old CEO finds love with the supply chain, Paul Boutin, VentureBeat, April 27, 2010
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- ↑ Associated Press, "Startup Quirky brings people's ideas to life", Japan Times, 28 August 2011, p. 5.
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