iDevices raises $4.25 million in funding
iDevices is a consumer product development and consulting company that has raised $4.25 million in funding. Investors that led this round of funding was Connecticut Innovations, Stonehenge Capital, and several angel investors.
iDevices plans on using the funding to allocate inventory that was needed for iDevices’ many retailers and for supporting around 20 new hires in 2014.
“The growth in this connected space is unbelievable and it’s truly allowing iDevices to expand its product line and strengthen its brand and retail relationships.” stated Chris Allen, Chief Executive Officer of iDevices. “This injection of capital will allow us to effectively scale our business and continue to harness the technology that is changing consumer behavior and interactions, and will ultimately affect our everyday lives.”