Alex Klein, founder and CEO of Kano
The London-based DIY computer company has closed a £21m funding round led by the Thames Trust and Breyer Capital.
Kano’s DIY computer kits are set to be sold in more than 4,500 retail stores across the US including the likes of Best Buy, Target, Walmart and Toys R Us.
This continued expansion into the US follows the news that the company has raised a further £21m in funding after closing a Series B funding round.
The round was led by the Thames Trust and Breyer Capital, with Index Ventures, the Stanford Engineering Venture Fund, LocalGlobe, Marc Benioff, John Makinson, Collaborative Fund, Triple Point Capital, and Barclays participating.
Kano shipped the first "computer anyone can make" in September 2014, and is now expanding its retail presence more than four-fold. Its kits are deployed in more than 1,000 education programs worldwide.
Its community of beginner developers, in 86 countries, many as young as six, have shared over 150,000 apps in the last year alone. Kano describes itself as a new kind of computer company, focused on creation, not just consumption.
“We believe that the time has come for a new kind of computing, premised on people’s need to understand and shape the world around them – not just swipe, tap, and wait for the latest similar-looking screen,” said Alex Klein, Kano’s co-founder and CEO. “The next generation is rising and ready to make their own technology.”
Jim Breyer, founder and CEO of Breyer Capital, added: "Kano has grown into a category leader, with hardware and software that prepares all ages for the future. The financing, expansion into mass retail, and new products will expose the unique Kano experience to millions more."