We’ve raised a third round of funding

As CNET reported last night we’re proud to say that Court Square Ventures has led a third round of funding for Bug Labs, and our prior investors (which include Union Square Ventures and Spark Capital) participated as well. We don’t typically like to make a lot of hoopla about fundraising or related efforts, but we thought an update was in order.

This is exciting news for us, as this financing lets us execute upon our business plan to expand and add resources to the company. As you may have noticed on our blog recently we’ve ramped up our manufacturing to handle a larger volume of orders, and we’re also staffing up the team. We’re currently planning our international sales efforts, which we hope to have in place by the end of the year. We’ll also use the money to enhance our marketing efforts, with numerous programs to get the word out to many more programmers, coders, developers, hackers, tinkerers, inventors, makers, entrepreneurs, and hackers (you said hackers twice! we know, we like hackers).

Thanks go out to our investors for their continued support!
-Team Bug

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One Response to “We’ve raised a third round of funding”

  1. Francesco Says:

    > We’re currently planning our international sales efforts,
    > which we hope to have in place by the end of the year

    Hooray!! :)

    Keep up the good work, we’re waiting for you here in Europe!

    F

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