Company Overview
Snapshot
Founded in June 2012 by Jon Sumroy, mifold operates with 1–10 employees. The company has raised $3.3M across 3 funding rounds from 5 investors. In November 2020, mifold's hifold booster seat was recognized in Time's list of 100 Best Inventions.
Business overview
mifold develops compact, portable child booster seats designed for comfort and safety. Its core products, including mifold one and hifold, feature patented designs that position the seatbelt away from a child's stomach and neck. Made from durable plastic polymers and aircraft-grade aluminum, these products cater to children aged 4 to 12. The company operates within the Industrial Technologies sector, focusing on personal safety and automotive industries, serving parents and children.
Strategic signal
In November 2020, mifold's hifold booster seat was named one of Time's 100 Best Inventions of 2020. This recognition highlights the company's innovation in child safety products and validates its engineering and design capabilities, signaling strong product development and market potential to investors.
Log in to access full profile ›Company Intelligence Q&A
- When was mifold founded?
- mifold was founded in June 2012.
- Who is the founder of mifold?
- Jon Sumroy is the founder of mifold.
- What is mifold's primary product?
- mifold's primary product is a compact, easy-to-use, portable child's booster seat with a patented design that holds the seatbelt off the child's stomach and neck for increased comfort and safety.
- What was a significant product recognition for mifold?
- In November 2020, mifold's hifold the Fit-And-Fold Highback Booster was named in Time's list of 100 Best Inventions of 2020.
- What was a key market expansion for mifold?
- In February 2019, mifold launched into Walmart stores across the United States.