Pley Lands $6,700,000 New Round
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=311452c0-007c-4a0e-b502-3f1a661fdc85 - Date
3/21/2014 - Company Name
Pley - Mailing Address
1580 Oakland Rd. San Jose, CA 95131 USA - Company Description
Pley makes it possible for kids of all ages to rent LEGO sets, saving hundreds of dollars per year in toys that are enjoyed and then often neglected. Through creating a sharing economy that reduces waste and enhances kids’ cognitive skills, Pley’s goal is to change the very paradigm of playtime by providing an affordable subscription service for educational toys. - Website
http://www.pley.com - Transaction Type
Venture Equity - Transaction Amount
$6,700,000 - Transaction Round
Undisclosed - Proceeds Purposes
The venture capital funds will help Pley build out an East coast warehouse, expand to Europe, and double its team of 23 in the next year. - M&A Terms
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