The round was led by Sweet Capital, with participation from Joe Stelzer, Founder of Silver Cloud Ventures, Riccardo Zacconi, CEO of King Digital Entertainment, and Howard Socol, former CEO of Barneys, New York and JCREW, along with original seed investors.
Founded in 2013 by father of four, Jon Sumroy, Carfoldio is the maker of a compact and portable child car safety seat called mifold®.
The company has already pre-sold $1 million worth of seats to nearly 13,000 customers in more than 100 countries worldwide.
This round brings the total raised by the company to date to $3.3m including:
– a seed round in August 2013, raising $600k;
– a second round of $1.2m in January 2015;
– a third round of $1.5m right now.