The console will see a three week delay, to June 25th, which likely means there are some additional kinks to be worked out in regards to supply.
More importantly for the company, after raising almost $9 million through Kickstarter, the company has just raised another $15 million from venture capital firms Kleiner Perkins Caufield & Byers and Mayfield Fund.
CEO Julie Uhrman says the delay "allows us to do more and get more units into retail quickly. Our demand is already beyond expectations. That's a great problem to have, but it leads to a need for cash."
Kleiner Perkins is a heavy-hitter in the industry, having invested in over 700 ventures leading to 200 initial public offerings.
The console runs on Android and will retail for $99 at major retailers with extra controllers costing $50 each.
Written by: Andre Yoskowitz @ 9 May 2013 23:14