Lalo Raises $10.1M for Baby & Toddler Brands Offering Thoughtfully Designed Safe Products – AlleyWatch

With Babies R Us closing and uncertainty looming over Bye Bye Baby with the bankruptcy of parent company Bed, Bath & Beyond, it’s a big void for parents looking for reliable products for their young children. is occurring. Lalo is a modern direct-to-consumer baby and toddler brand offering a comprehensive line of safe, aesthetically pleasing and durable products. From high chairs to bath accessories, all of the company’s products are thoughtfully designed, rigorously tested, and manufactured without any harmful chemicals or substances. With a focus on innovative product development and expansion of family space conscious products, Lalo offers customers an industry-leading 100-day risk-free trial of all products, as well as large representatives such as: We offer an 18-month warranty on select items. Boosters, play tables and chairs. Sales are now on the company’s website, Babylist (a leading baby registry), or Amazon, and strategic plans are underway to increase the company’s visibility and expand its operations nationally and internationally. .

alley watch We spoke with the co-founder and CEO of Lalo Gregory Davidson To learn more about the business, the company’s strategic plans, the latest funding round, and more…

Who are the investors and how much did you raise?

it was series A spin master ventures with the participation of Kevin Durant and Rich Kleiman from 35V, baby listand Sasha Prasvich Founder of ILIA and Untold Holdings.

What products or services does Lalo offer?

Lalo makes baby and toddler products that parents are proud to own in their home.

What inspired you to start Lalo?

We have seen friends and family go through the experience of shopping for a baby and it has been overwhelming and confusing. We wanted to build a brand that our customers can trust as much as our products.

How is it different from Lalo?

Instead of tackling the specific issues people have with individual products, we surveyed every room in the house to build an ecosystem of products that enhance choices while reducing the number of decisions parents have to make. To do.

What markets is Lalo targeting and how big is it?

The global baby products market is $121 billion.

What is your business model?

We sell on DTC, Babylist and Amazon.

How are you preparing for a potential economic slowdown?

The baby industry is unique. In fact, our business has shown us to be very resilient even in times of economic difficulty. We also believe that by focusing on building a strong and profitable business and changing the way we think, we can continue to grow in any environment.

What was the fundraising process like?

The market is clearly softer than usual, but it was important for us to find the right partner. We have always focused on growth while balancing profitability. Given that focus, given so many external factors (including the banking crisis), it certainly took a while to complete, but ultimately our business is as strong as ever. , is well-positioned to obtain the capital it needs to fuel its growth.

What was the biggest challenge you faced while fundraising?

Market-wide influences have made funds even more hesitant about when and to whom they put their money. It probably took longer because the team was working harder than ever.

What factors about your business made investors write checks?

The company remains focused on brands and profitability while continuing to grow significantly.

What milestones do you plan to achieve in the next six months?

We have several exciting new product launches on the horizon and are on track to achieve profitability.

What advice would you give to New York companies that haven’t recapitalized their banks?

Know what it takes to survive to reach the next significant milestone that could turn every stone in your business and free up your capital.

Know what it takes to survive to reach the next significant milestone that could turn every stone in your business and free up your capital.

Where do you see the company going in the short term?

We believe in making Nike for parents and families at home. We are excited to continue building our own ecosystem for each room in our home.

What are your favorite summer destinations in and around the city?

My favorite summer hangout is Grand Banks.

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