Digital Dream Labs
Pittsburgh, US · Founded 2020 · Delaware corporation · 3 known investors
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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.
Investors · 3
How we know: iNetworks's portfolio page · funding news · edtechreview.in · Not right? Tell us
Funding
SEC filings, press & company announcements$3.9M disclosed across 5 rounds · 2014–2022
▶$1MraisedJul 2021 · 6 investors · RetailingRule 506(b)
- HARRY JACOB HANCHARExecutive Officer
- Offering amount
- $1M
- Amount sold
- $1M
- Minimum investment
- $40K
- First sale
- Jul 2021
- Incorporated
- Corporation, Delaware, 2020
- Federal exemptions
- 06b
▶$141KraisedNov 2020 · 20 investors · RetailingRule 506(c)
- 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
▶$650KraisedOct 2015 · 6 investors · Other TechnologyRule 506(b)
- 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
▶$75KraisedOct 2014 · 2 investors · Other TechnologyRule 506(b)
- 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
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| Agency | Phase | Year | Amount |
|---|---|---|---|
| National Science Foundation | Phase I | 2016 | $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.
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 $3.9M raised across 5 rounds.
- Where is Digital Dream Labs headquartered?
- Digital Dream Labs is headquartered in Pittsburgh, US.

