Fenox Venture Capital has invested in Jibo – the World’s First Social Robot. With this investment, Jibo plans to expand its global reach and further develop Jibo’s skills.
Fenox VC’s strategic investment will help Jibo bring its “social robot” to more households across the globe. Through Fenox VC, Jibo has partnered with Sega Sammy Holdings and CAC Holdings who will help the company expand its sales and marketing to key regions globally.
“These partnerships will bring great innovation not only to Japan but also around the world,” says Anis Uzzaman, General Partner at Fenox Venture Capital. “Fenox VC will continue to partner with innovative startups and bridge the gap between Japan and Silicon Valley, and eventually the world.”
Jibo, founded by MIT Media Labs professor Cynthia Breazeal, is the first social robot for the home and was successful in raising USD3.7 million on its Indiegogo campaign – far exceeding its USD100,000 target. With massive investments from top VCs and corporations around the world, Jibo ships to more than 45 countries, including the US, EU and China.
Steve Chambers, CEO of Jibo, says: “We’re excited to be partnering with Fenox VC to fuel our global growth. We are already working with Fenox VC to help us find the right partnerships worldwide.”
