Lalo, based in Brooklyn, said it will use the Series A financing to grow, namely through product innovation, increasing brand awareness and improving its customer experience. 35V— co-founded by NBA player Kevin Durant—and other backers also joined Toronto-based toy giant Spin Master’s venture arm in the round. (The Logic)
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Lalo, based in Brooklyn, said it will use the Series A financing to grow, namely through product innovation, increasing brand awareness and improving its customer experience. 35V— co-founded by NBA player Kevin Durant—and other backers also joined Toronto-based toy giant Spin Master’s venture arm in the round. (The Logic)
Talking point: Lalo co-founder and CEO Greg Davidson told Modern Retail that “we were raising in a difficult market” over a period of five months as the market changed for retail businesses. Founded in 2019, Lalo is known for its minimalistic high chair. It has launched 25 new products over the last year and expects to be profitable within six months. Spin Master started its $100-million fund in October 2021, making two initial investments: one in Nordlight, a mobile game development firm out of Stockholm, and another in Winnipeg-based Hoot Reading, a tutoring service.
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