Tegu pieced together more than $2 million in equity funding from 15 investors, a week after the company was featured on a “hot toys” list in advance of the holiday shopping season.
Darien-based Tegu makes magnetized blocks, with children able to form toy cars and trucks from its Tegu Mobility product that won the attention of Best Toys Guide.
Tegu will use up to $400,000 from the offering to repurchase shares held by its founders, Christopher and William Haughey.
In a filing with the Securities and Exchange Commission, the company reported annual revenue between $1 million and $5 million, without specifying a precise figure.
