Kado, a Lod, Israel-based developer of ultra-thin charging technology, secured $1.2m in seed funding.
Backers included AltaIR Capital.
The company intends to use the funds to continue to develop its wall charger. In the coming weeks, it will launch a Series A financing round in order to prepare for commercial launch of its products in 2017.
Co-founded by Itay Hasid, Daniel Assis and others in May 2016, the company is developing a new ultra-thin charging technology embedded in ultra-thin chargers 1) for smartphones and tablets, and 2) for laptops.
Kado Wallet, the company’s ultra-thin charger for smartphones, is 5mm thin (the thickness of 3 credit cards), and can be carried in a wallet or a purse. It also includes a uniquely designed cable mechanism.
The 21-gram Kado Wallet supplies up to 10 Watts and can also charge other mobile devices, such as tablets, cameras, wireless speakers and headphones.
Kado Sleeve for laptops, weighs 97 grams and provides up to 70 Watts. It has two USB ports for the simultaneous charging of a laptop and a smaller device, such as a smartphone or a tablet.
The company is developing additional products and peripherals, such as dedicated cables, covers, and other modular units in order to complete its unique charging experience.
Kado, which currently has 11 employees, plans to hire more specialists in analog power conversion, mechanics, and materials.