Sphero Inc., the Boulder toymaker behind the popular Star Wars BB-8 robot, is closing in on another multimillion-dollar investment round.
The company notified the U.S. Securities and Exchange Commission on April 4 that it was . On Wednesday, Sphero confirmed that the round was ongoing and that it has raised more than $35 million.
“We received more after the initial close, bringing the total closer to $35.4 million,” said Claire Tindall, a Sphero spokesperson. “This will primarily be used for working capital.”
The new funds are from existing investors, she said. The round has not yet closed.Sphero previously raised about $80 million from investors that include Mercato Partners, the Foundry Group and a subsidiary of the Walt Disney Co. Adding the latest funds means Sphero has raised around $115 million since its .
Its latest filing came the same day “Rogue One: A Star Wars Story” was released on DVD. Sphero also pushed out a software update to enable its BB-8 robots to react to the movie when watching it with their owners.
The $150 BB-8 robot was a major hit during the 2015 holiday shopping season, with the release of “Star Wars: The Force Awakens,” as stores . Market researcher NPD Group, which tracks toy sales, named it the electronics that year. Other Sphero robots teach children about computer programming and technology.
