FoldiMate on SeedInvest

Robotic laundry folder for home and business use.

Raise to date: $297,103

Reporting Date: 08/14/2019

Key Stats

Minimum Raise

$25,000

Maximum Raise

$1,070,000

Likelihood of Max Unlikely
Start Date

07/03/2019

Stop Date

08/16/2019

Days Remaining

N/A

Security Type

Convertible Note

Investment Minimum

$1,000

Deal Type

No Review


Investment Summary

# of Investors

Not Known

% of Minimum Raised

1,188

% of Maximum Raised

28

Momemtum

N/A

Dollars Per Day to Reach Max

$772,897

DPD* Committed

$7,074

DPD* Category

N/A

DPD* All Companies

$1,070


Commitments

Weekly Commitments ($)
Aggregate Commitments ($)

SEC Filing Data from Kingscrowd

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.

https://foldimate.com/

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