Having a fully functional laundry folder this past year was no longer purely a dream. The prototype exceeded our original expectations in both performance and early field test results.
That’s why we have decided that instead of attending CES 2020, as we normally do, we will focus our efforts on further field tests (to validate the newly upgraded robotic algorithms). The results of these tests, together with the potential partnerships we’ve been working on lately (stay tuned 😉), should lead to more favorable terms as we approach potential investors to fund the costly manufacturing stage.
Like any startup, funding is a crucial resource needed for the survival and progress of the business. A few months ago, we were fortunate enough to successfully close a $638K bridge round, thanks to fans and supporters who believed in our vision and mission. (Thanks again to you all 🙏, it means a lot and we don’t take it for granted!)
Despite best efforts and hard work, things don’t always go according to plan, especially when it comes to startups and new technology. The robotic folding solution we’ve developed shows great promise and positive market feedback, but the fundraising process and business development require a lot more time than planned.
This Christmas, FoldiMate will not be joining you (yet), but with a little more patience and a lot of conviction and persistence, FoldiMate will soon become an integral part of our daily life (at home and in businesses). We’ll keep you posted as we make progress.
We’re happy to announce that we successfully reached our minimum funding target of $600,000 in our recent equity crowdfunding campaign, which was run on the SeedInvest platform.
We’d like to thank you for your support, and a special thanks to those of you who participated in this round.
These funds will be used primarily to run pilots with our existing prototype in multi-family shared laundry rooms in the US. (If you are a laundry equipment supplier or route operator and would like to participate in this pilot by placing the FoldiMate prototype in a shared laundry room please complete this short form).
One of the purposes of this crowdfunding round was to give our deposit holders and fans the opportunity to invest in FoldiMate in order to own securities in the company.
We are aware that some fans attempted to invest after the round was closed, and that many of you did not receive our emails inviting you to invest. Unfortunately, it seems that some of our emails have been entering your spam folders and therefore we recommend that you add gal[dot]rozov[at]foldimate.com and info[at]foldimate.com as contacts to avoid this occurring in the future.
If you could be interested in investing in future funding rounds please let us know by completing our Contact Us form.
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Oak Park, CALIFORNIA – (2 July, 2019) – Today, FoldiMate, Inc., a California based robotics startup focused on changing the way people fold laundry, launched a fundraising round in partnership with SeedInvest. SeedInvest is a leading equity crowdfunding platform that vets start-ups and only accepts 1% of the applicants.
FoldiMate, the inventor of the robotic laundry folder, is excited to announce that it has been selected as a 2019 TiE50 Winner in the prestigious TiE50 Awards Program. This awards competition, now in its tenth year, is a program of TiEcon, the world’s largest conference for tech entrepreneurs. FoldiMate was selected from over 3000 submissions and recognized for its robotic laundry folder that will easily and quickly fold your laundry into neat piles ready to put away.Continue reading “FoldiMate Named TiE50 Award Winner at TiEcon”
Are you ready to start spring cleaning your closets? Take a look through them and find all the items you haven’t worn in the last 12 months. Do you really need them? Will you really ever where them again? Chances are that in most cases the answer will be “no”, however, someone, somewhere, would probably really appreciate receiving them, so get ready for National Laundry Folding Day.
Now is the time to give them away to people in need.
National Laundry Folding Day #NLFD
On March 30th 2019 it’s National Laundry Folding Day and the week of April 1st 2019 is National Laundry Folding Week #NLFW. Join us in dedicating these days to organizing your closets and donating unwanted items to others in need. Just take all your unused and unwanted clothes to your local charity store, and they will make sure that they will reach their new home.
Share Your Efforts!
Share a photo of you arranging your closets and/or your bags of donations on Facebook/Twitter/Instagram ➡ add #NLFD #NLFW and convince your friends and family to do the same. They will not only have more space in their closets but they will be helping someone in need!
Yes, it’s that time of the year again and we’re back with our traditional, post-CES update, however, before we share our CES news we would just like to thank all those who participated in the research interviews we ran in L.A. after CES, and for bringing their own laundry to fold.
If you’re anything like most of us, there are piles of laundry just waiting to be folded. Maybe you’re among the growing list of people who have resorted to the dig-through-the-pile approach when it comes to finding that special T-shirt.
FoldiMate Inc., the Inventors of the Robotic Laundry Folding Machine Will Reveal a Video of Their Latest Prototype and an Interactive Mockup at IFA 2018
Oak Park, CALIFORNIA – (September 6, 2018) – FoldiMate Inc. the creator of the robotic laundry folding machine for home and commercial use, is exhibiting its latest model at IFA, one of Europe’s largest trade shows for consumer electronics trade and home appliances. Attendees are welcome to visit FoldiMate’s booth #124 in Hall 26 between 31th August – 5thSeptember 2018.