Reach Robotics completes £5.8m funding round
Robotics, augmented reality and mobile gaming specialist Reach Robotics has completed a £5.8m funding round.
The Bristol-based company was launched in 2013 to develop a next generation robotics platform, with robotic engineering combined with mobile gaming and augmented reality.
Founders Silas Adekunle, Chris Beck and John Rees then created the MekaMon intelligent gaming robot.
CEO Adekunle said: "To date we've executed on our vision for MekaMon as a product with a small and amazing team; this financing round will help us move to the next exciting chapter of our company and execute our go-to-market strategy, strengthen our team and capitalise on some of the amazing partnerships that are developing around the globe.
"We are now looking for the very best talent across lots of disciplines to join our team and help us achieve our vision."
Reach Robotics was formed as part of the Bristol Robotics Laboratory incubator programme.
It is now based at Future Space at the University of the West of England’s campus in the city.
The £5.8m in Series A funding round was led by Korea Investment Partners (KiP) and IGlobe.
NCSOFT and Kin Yat also contributed, together with London Venture Partners, Passion Capital, Qualcomm Ventures and Hardware Club, which had previously supported the business with seed funding.
The investment coincides with the news that the first MekaMon robots are now shipping for a global beta-test program.