mifold

Company Overview

Snapshot

Founded in June 2012 by Jon Sumroy, mifold operates with 1–10 employees. The company has raised $3.3 million across 3 funding rounds from 5 investors. In November 2020, its Hifold® the Fit-And-Fold™ Highback Booster was recognized in Time's list of 100 Best Inventions of 2020.

Business overview

mifold develops and manufactures compact, portable child booster seats. Its patented design ensures the seatbelt is positioned away from a child's stomach and neck, enhancing comfort and safety. The products, constructed from super-tough plastic polymers and aircraft-grade aluminum, are engineered for children aged 4 to 12. These booster seats are small enough for school bags and are dishwasher-safe, serving the personal safety, automotive, and children's safety markets within the Industrial Technologies sector.

Strategic signal

In April 2022, mifold joined the Safe Kids in Automated Vehicles Alliance (SKAVA). This strategic move signals the company's proactive engagement with future automotive safety standards and its commitment to adapting child restraint systems for evolving vehicle technologies, positioning mifold at the forefront of safety innovation in the autonomous vehicle era.

Company Intelligence Q&A

What is mifold's core product offering?

mifold specializes in compact, portable child booster seats designed to enhance safety and comfort by properly positioning the seatbelt for children aged 4 to 12. The product line includes models like mifold one, hifold, and mifold sport.

When was mifold's Hifold® highback booster recognized as a top invention?

In November 2020, mifold's Hifold® the Fit-And-Fold™ Highback Booster was named in Time's list of 100 Best Inventions of 2020, highlighting its innovative design and functionality.

When did mifold launch its second booster seat innovation?

In June 2018, mifold launched its second booster seat innovation, 'hifold by mifold', through a crowdfunding campaign, expanding its product portfolio.

When did mifold expand its retail presence in the United States?

In February 2019, mifold launched its products into Walmart stores across the United States, significantly broadening its market reach.

What strategic alliance did mifold join in 2022?

In April 2022, mifold joined the Safe Kids in Automated Vehicles Alliance (SKAVA), indicating its focus on future safety standards and integration with automated vehicle technologies.