Quirky is an online community for inventors that allows people to submit an idea and then community members vote of the concept. If viable, Quirky will manage the creation from start to finish while the person with the idea benefits from royalty payments – which can be significant.
The interesting crowdsourcing, collaboration site which has raised over $175 Million in funding since their launch in 2009 has just announced $79 Million in Series D financing according to a report in Pitchbook.
The company also announced a partnership with GE which participated in the funding round in the amount of $30 Million.
Their previous valuation was reportedly at $191 Million when Quirky raised $68 Million led by Andreesen Horowitz.