MIT-linked startup LittleBits lands $11.1m from a number of venture backers for toy electronics.

LittleBits, an electronics startup linked to the Massachusetts Institute of Technology (MIT), has received $11.1m in venture backing. The New York-based startup is manufacturing electric components that snap together with magnets to form circuits which can easily be dismantled and reassembled as a new device. Its aim is to provide a fun, educational toolkit for…

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