Happy holidays and a quick update

Dear Fans and Supporters,

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.

Have a Merry Christmas,
The FoldiTeam

P.S. Some of our update emails seem to be getting lost in the spam box; please make sure to add info@foldimate.com and gal.rozov@foldimate.com to your address list. Or subscribe to our Blog.

FoldiMate Reaches The Minimum Funding Target on SeedInvest

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.

For updates don’t forget to follow us on our social channels:

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FoldiMate Launches Equity Crowdfunding So Anyone Can Invest in the Future of Automated Laundry 

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.

Equity crowdfunding enables FoldiMate’s fans and supporters worldwide, both accredited and non accredited investors, to participate in the startup’s future by becoming an investor and ambassador. “So many of our 350,000 registered fans have expressed interest in investing, we have decided to offer them, and others, an opportunity to invest in the company,” stated Gal Rozov, FoldiMate’s founder and CEO.
Continue reading “FoldiMate Launches Equity Crowdfunding So Anyone Can Invest in the Future of Automated Laundry “

FoldiMate Named TiE50 Award Winner at TiEcon

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”

Spring Is Here Which Means It’s Time For Spring Cleaning!

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! 

#NLFD #NLFW #NationalLaundryFoldingDay #NationalLaundryFoldingWeek

Looking forward to seeing your photos,
Take Care,
Your FoldiMates

FoldiMate, the Robotic Laundry Folding Machine, Demos a Fully Functional Prototype at CES – PRESS RELEASE

The updated, newly-designed prototype is simpler to use as it automatically adapts based on clothing items

Continue reading “FoldiMate, the Robotic Laundry Folding Machine, Demos a Fully Functional Prototype at CES – PRESS RELEASE”

Moving Home? Avoid the Stress with our 5 Tips to Pack Clothes for Moving

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.

Continue reading “Moving Home? Avoid the Stress with our 5 Tips to Pack Clothes for Moving”

FoldiMate Will Reveal Video of Latest Prototype and an Interactive Mockup at IFA 2018 – PRESS RELEASE

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 – 5th September 2018.

Continue reading “FoldiMate Will Reveal Video of Latest Prototype and an Interactive Mockup at IFA 2018 – PRESS RELEASE”