FoldiMate

Robotic Laundry Folding

Media & Entertainment Technologies
Non Active, Aug 2021 ceased to operate

Company Overview

Snapshot

Founded in January 2012 by Gal Rozov, FoldiMate operated with 1–10 employees. The company secured $8.3M in total capital across 2 funding rounds from 1 investor. In January 2018, FoldiMate received an investment from BSH Home Appliances.

Business overview

FoldiMate developed robotic clothes-folding machines for home use, designed to neatly prepare clean laundry with consistent, high-quality folds. The technology aimed to reduce laundry time and simultaneously treat clothing with perfume, fabric softener, and a de-wrinkling process. Operating within the Consumer Electronics sector, the company targeted global consumers with its automation and robotics solutions.

Strategic signal

In August 2021, FoldiMate ceased operations, indicating a significant shift in its business trajectory. This event signals to investors and innovation teams that the company encountered substantial challenges, leading to its discontinuation despite prior funding and product development efforts in the robotic laundry space.

Company Intelligence Q&A

What is FoldiMate's primary offering?
FoldiMate developed a robotic clothes-folding machine for the home, designed to automate the laundry folding process and treat clothing with perfume, fabric softener, and de-wrinkling.
When was FoldiMate founded and by whom?
FoldiMate was founded in January 2012 by Gal Rozov.
What was the company's operational status as of August 2021?
As of August 2021, FoldiMate ceased to operate.
Which company invested in FoldiMate in January 2018?
In January 2018, BSH Home Appliances invested in FoldiMate.
What was the total capital raised by FoldiMate?
FoldiMate raised a total of $8.3M across 2 funding rounds.

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