FoldiMate on SeedInvest

Robotic laundry folder for home and business use.

CLOSED

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FoldiMate Website

minimum raise

$25,000

maximum raise

$1,070,000

start date

07/03/2019

stop date

08/16/2019

security type

Convertible Note

investment minimum

$1,000

raised to date

$401,680

reporting date

CLOSED

number of investors

Not Known

percent of minimum raised

1,607%

percent of maximum raised

38%

likelihood of reaching max

Likely to Reach Max

dollars per day to reach max

$0

dollars per day committed

$9,129

dollars per day - category-

$1,390

dollars per day committed - all companies

$1,054
More SEC Filing Data on FoldiMate from Crowdfilings.com

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.