NextFab’s First Follow-on Investment: $50,000 for Boston-based Unruly Studios

South Philly makerspace NextFab says it has selected the first startup from its RAPID accelerator to get follow-on funding: Boston-based Unruly Studios, makers of an edtech device that gamifies coding.

Last May, NextFab announced a $100,000 fund to infuse more capital into startups that showed promise as part of its accelerator program, which in 2017 started providing companies with an initial $25,000 round of seed capital. Unruly Studios was selected as the first recipient of additional growth capital via a $50,000 investment expected to close at the end of this week.

“CEO Bryanne Leeming and Unruly Studios continue to impress us, and were recently selected by two prestigious accelerators in San Francisco (AT&T Aspire) and Boston (MassChallenge),” said NextFab Venture Services Manager Todor Raykov. “By infusing $50,000 in the company, we hope to keep their momentum going and help them grow even faster.”

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