Fundraising Fox

Digital Dream Labs

Pittsburgh, US · Founded 2020 · Delaware corporation · 3 known investors

Develops engaging learning robots including Cozmo coding robot and Vector AI companion robot for educational purposes.

Founders & leadership

Digital Dream Labs was founded in 2020 by Harry Jacob Hanchar.

HJ
Harry Jacob HancharFounder
PB
Peter Borman KinneyNamed on SEC filing
JS
Justin SaboNamed on SEC filing
MS
Matthew StewartNamed on SEC filing

Investors · 3

Beresford VenturesOrlando
iNetworksPittsburgh
Monozukuri VenturesKyoto · $100K – $300K

Reported raises · per SEC filings

Form D private placements

$1.9M disclosed across 4 rounds · 2014–2021

▶$1MraisedJul 2021 · 6 investors · Retailing
Rule 506(b)
Officers, directors & promoters on the filing
  • HARRY JACOB HANCHARExecutive Officer
Offering amount
$1M
Amount sold
$1M
Minimum investment
$40K
First sale
Jul 2021
Incorporated
Corporation, Delaware, 2020
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$141KraisedNov 2020 · 20 investors · Retailing
Rule 506(c)
Officers, directors & promoters on the filing
  • Harry Jacob HancharExecutive Officer
Offering amount
$141K
Amount sold
$141K
Minimum investment
$1K
First sale
Nov 2020
Incorporated
Limited Liability Company, Pennsylvania
Federal exemptions
06c
Full filing on SEC EDGAR ↗
▶$650KraisedOct 2015 · 6 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Matthew StewartExecutive Officer, Director
  • Justin SaboExecutive Officer, Director
  • Peter Borman KinneyExecutive Officer, Director
Offering amount
$1.9M
Amount sold
$650K
Proceeds to insiders
$350K
First sale
Feb 2015
Incorporated
Limited Liability Company, Pennsylvania, 2012
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$75KraisedOct 2014 · 2 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Peter Borman KinneyExecutive Officer, Director
  • Justin SaboExecutive Officer, Director
  • Matthew StewartExecutive Officer, Director
Offering amount
$300K
Amount sold
$75K
Proceeds to insiders
$100K
First sale
Oct 2014
Incorporated
Limited Liability Company, Pennsylvania, 2012
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Non-dilutive funding · 1 SBIR/STTR award

Federal grants — no equity taken
AgencyPhaseYearAmount
National Science FoundationPhase I2016$225K

Source: SBIR.gov award data (U.S. Small Business Administration). SBIR/STTR awards are competitive federal R&D grants and contracts — non-dilutive capital alongside any venture rounds above.

In the news

Pittsburgh-based Digital Dream Labs Raises $2M in Bridge Round Led by iNetworks – EdTechReviewedtechreview.in · Apr 2022Digital Dream Labs lands $2 million bridge round - Pittsburgh Business Timesbizjournals.com · Apr 2022Digital Dream Labs on Honeycomb - Kingscrowdkingscrowd.com · Jan 2021One Mic Stand: Honeycomb Credit and Digital Dream Labs Team Uppghtech.org · Sep 2020Raising funds from small investors pays off for Digital Dream Labstechnical.ly · Dec 2019Digital Dream Labs - Company Profile, Funding & News | Goldengolden.com

Frequently asked questions

What does Digital Dream Labs do?
Develops engaging learning robots including Cozmo coding robot and Vector AI companion robot for educational purposes.
Who founded Digital Dream Labs?
Digital Dream Labs was founded by Harry Jacob Hanchar in 2020.
Who are Digital Dream Labs's investors?
Digital Dream Labs's investors include Beresford Ventures, iNetworks, Monozukuri Ventures.
How much funding has Digital Dream Labs raised?
Digital Dream Labs has disclosed $1.9M raised across 4 rounds.
Where is Digital Dream Labs headquartered?
Digital Dream Labs is headquartered in Pittsburgh, US.