Quirky

company

About

Quirky is a developer of a crowd-sourced invention platform that engages participants to collaborate in every aspect of product creation.

  • 51 - 100

Details

Last Funding Type
Series Unknown
Industries
Consumer Goods,Crowdsourcing,E-Commerce
Founded date
Jan 1, 2009
Number Of Employee
51 - 100
Operating Status
Active

Quirky is a developer of a crowdsourced invention platform that engages participants to collaborate in every aspect of product creation. It is a new type of socially developed product company founded with the vision of making invention accessible. Headquartered in New York City, Quirky brings game-changing products to the marketplace through interaction between its active online global community and Quirky’s expert product design staff, bringing to life ideas from their earliest stages to store shelves.

Quirky was founded by Ben Kaufman, who is also the company’s CEO. Quirky is Kaufman’s third entrepreneurial venture. He previously founded Mophie and Kluster. Kaufman founded Quirky on the belief that ordinary people have extraordinary ideas, and that invention should be accessible to everyone.

Any of Quirky’s community members can become an inventor or influencer by submitting ideas and helping to determine which products Quirky will design, manufacture, and sell. Inventors who submit ideas that are then created and influencers who contribute to those ideas share in royalties based on product sales.

The company solicits ideas for new products via Quirky.com and its iPhone app. Once an idea is submitted, the Quirky community vets it, praises it, critiques it, and votes for their favorites, many of which will eventually be made by the Quirky design team and sold online and in stores.

A prospective inventor can submit an idea to Quirky, and there is no limit on the number of invention ideas that a person can submit. When determining which products to make, Quirky considers factors such as uniqueness, manufacturing complexity, and intellectual property rights, yet they are committed to working on ideas both big and small that make life better.

In 2016, the Quirky platform relaunched under new ownership.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
3
$95M
Quirky has raised a total of $95M in funding over 2 rounds. Their latest funding was raised on Nov 13, 2013 from a Series D round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Nov 13, 2013 Series D $79M 1 Detail
Aug 4, 2011 Series B $16M 1 Norwest Venture Partners Detail
Jul 6, 2006 Series Unknown 1 Detail

Investors

Number of Lead Investors
Number of Investors
1
1
Quirky is funded by 1 investors. Norwest Venture Partners are the most recent investors.
Investor Name Lead Investor Funding Round
Norwest Venture Partners Series D