Smilo Baby, a US provider of advanced baby essentials, received an investment from New York-based venture capital firm Blue Scorpion Investments L.P.
The amount of the deal, part of a Series A round, was not disclosed.
The company will use the proceeds from the investment to continue to expand its business reach.
Smilo Baby is a Direct to Consumer baby product company, which includes a high-tech baby lounger, palate supporting pacifiers, fuss free bottles and more. The brand holds over 5 patents, including 2 for their bottle and 3 for their pacifiers, which have sold over 30 million units.
Previously, the team had licensed or sold their patents to brands that sold at Target, Walmart, Babies R Us, and other major global retailers.
FinSMEs
09/05/2019