Friday, October 17, 2014
Ubooly Maker Smart Toy Acquired By Cartwheel Kids
Boulder-based Smart Toy, the maker of the smartphone-connected Ubooly toy, has been acquired by Cartwheel Kids, the companies said this week. Financial terms of the deal were not disclosed. The announcement was made as part of the Techstars-powered Disney Accelerator Demo Day in Los Angeles on Tuesday. Ubooly developed an interactive, fluffy toy which was powered by a smartphone or tablet running a special app, and was part of not just one Techstars program, but two. In addition to participation in the Disney Accelerator (run by TechStars), Ubooly also was part of the TechStars Boulder program in 2012.