FoldiMate

Company Overview

Snapshot

Founded in January 2012, FoldiMate is a robotics company with 1–10 employees. The company has raised $8.3M across two funding rounds. In January 2018, FoldiMate secured a funding round from BSH Home Appliances.

Business overview

FoldiMate develops robotic solutions for household chores, specifically a machine designed to fold laundry. Its core product is a robotic clothes-folding machine that prepares clean laundry with consistent folds, aiming to reduce laundry time. The machine also incorporates features for treating clothing with perfume, fabric softener, and a de-wrinkling process. FoldiMate operates within the consumer electronics sector, targeting individuals and families seeking automated solutions for home management.

Strategic signal

FoldiMate's operational status as 'Non Active' since August 2021 indicates a significant shift in its business trajectory. This signals to investors and innovation teams that the company has ceased operations, suggesting a potential failure in market adoption, technological scalability, or financial viability for its robotic laundry folding solution.

Company Intelligence Q&A

What is FoldiMate's primary product?

FoldiMate's primary product is a robotic clothes-folding machine designed for home use, which neatly prepares clean laundry with consistent folds and can also treat clothing with perfume, fabric softener, and a de-wrinkling process.

When was FoldiMate founded?

FoldiMate was founded in January 2012.

What is the current operational status of FoldiMate?

FoldiMate is currently Non Active, having ceased to operate in August 2021.

Which company participated in FoldiMate's January 2018 funding round?

In January 2018, BSH Home Appliances participated in a funding round for FoldiMate.

What was the total capital raised by FoldiMate?

FoldiMate raised a total of $8.3M across two funding rounds.