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 was recognized in Time's list of 100 Best Inventions.
Business overview
mifold develops compact, portable child booster seats designed to enhance safety and comfort by positioning the seatbelt away from a child's neck and stomach. The company's products, made from durable plastic polymers and aircraft-grade aluminum, cater to children aged 4 to 12. mifold operates within the Industrial Technologies sector, focusing on personal safety and automotive industries, and serves consumers, particularly parents and children.
Strategic signal
In November 2020, mifold's hifold booster was named in Time's list of 100 Best Inventions. This recognition highlights the company's commitment to innovation in child safety and validates its product design within the competitive automotive and personal safety markets, signaling strong product development capabilities 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.