Reach Robotics’ $7.5 Million Series A funding Round

TLT has advised Reach Robotics, the robotics, augmented reality and gaming company, to raise $7.5 Million in Series A funding for its next phase of growth and new hires.

The round was co-led by Korea Investment Partners (KiP) and IGlobe, a previous investor from the Seed round. NCSOFT and Kin Yat also contributed to the round as a new investor, as well as London Venture Partners, Passion Capital, Qualcomm Ventures and Hardware Club, who had already supported Reach Robotics during the Seed round.

Reach Robotics was founded in 2013 by Silas Adekunle (CEO), Chris Beck (CTO) and John Rees (COO) to develop the next generation robotics platform that incorporates state of the art robotic engineering, mashed-up with mobile gaming and augmented reality. This fusion has led the team to create MekaMon, a gaming robot ecosystem that uses AR to teach people to code.

The TLT team was led by Jon Gill (Picture), partner and head of private equity, supported by corporate legal assistants Dan Akers and Nick Rains.

Involved fees earner: Jon Gill – TLT LLP; Dan Akers – TLT LLP; Nick Rains – TLT LLP;

Law Firms: TLT LLP;

Clients: Reach Robotics Limited;