Lalo, a NYC-based baby product brand, closed a new equity round with Forecast Labs, a consumer venture group that’s a division of Comcast.
The amount of the deal was not disclosed.
The company intends to use the funds to expand operations and its business reach.
Founded in 2019 and led by CEO Gregory Davidson, Lalo delivers baby and toddler products. Over recent years, the company has expanded its offering beyond its high chair to introduce a vast assortment of products for families outfitting their homes for mealtime, bathtime, and playtime. Most recently, they launched a sustainability focused line of developmental toy boxes that can be purchased via subscription or individually.
FinSMEs
22/02/2024