4moms Raises Second Funding

4moms4moms, a Pittsburgh, PA-based robotics company that makes high-tech baby gear, raised a second round of institutional funding.

The round, of undisclosed amount, was led by Castanea Partners with participation from existing investor Bain Capital Ventures.

The company intends to use the funds for new product development. In conjunction with the funding, Robert Smith, Managing Partner at Castanea, will join 4moms’ board of directors.

Led by Robert Daley, CEO, 4moms has developed advanced robotics technology to manufacture a power-folding stroller, an infant seat that replicates the bouncing and swaying motions parents make when soothing their babies and a playard that opens or closes in one step.
The products are sold in more than 2,000 retail locations in the United States, with distribution in 52 countries. The company had $30m of revenue in 2013.



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