FoldiMate
Early Stage
Robotic laundry folder for home and business use.
Overview
$422,880 - RegCF
$691,880 - Total
$691,880 - Total
Total Commitments ($USD)
Platform
SeedInvest
Start Date
07/03/2019
Close Date
08/16/2019
Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment
$1,000
Security Type
Convertible Note
SEC Filing Type
RegCF
/ RegD 506(c)
Valuation Cap
$35,000,000
Discount
0%
Year Founded
2012
Industry
Consumer Products, Goods & Services
Tech Sector
Location
Oak Park, California
FoldiMate, with a valuation cap of $35 million, is raising funds on SeedInvest. The company is applying robotics to the most mundane house chore, laundry folding. The robotics technology of FoldiMate will be able to fold the clothes automatically, quickly and easily, and put them away in neat piles. Of the algorithms and patents, two are granted, ten filed, and twelve drafted. FoldiMate was founded by Gal Rozov and has already raised $8.3 million previously from BSH Home Appliances Group. The current crowdfunding round has a size of $3 million, and the proceeds will be used for R&D, prototypes, IP filings, field testing, marketing, and general expenses. FoldiMate already has 350,000 potential customers and 250 businesses on its pre-order waitlist, of which 12,500 have also paid a deposit.
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Raise History
| Offering Name | Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| FoldiMate | 08/16/2019 | SeedInvest | $35,000,000 | $691,880 | Convertible Note | Funded | RegCF / RegD 506(c) |
No prior online funding rounds.
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