Lalo, a brand selling baby and toddler products, raised $10.1M in Series A funding and plans to use the funding to further product expansion and increase its brand exposure.
Here's what you need to know:
- Last year Lalo launched over 25 new SKUs beyond its signature midcentury modern-styled high chair.
- Two years ago, Lalo said its revenue quadrupled and in the following two years, sales have doubled each year. The company now claims it will achieve profitability in the next six months.
- Lalo mainly sells its products via its website, but the brand launched on Amazon for the first time in June.
- Lalo will launch a new product line in October that they believe will be a considerable part of the business. You can follow Lalo on Charm to be the first to know when they release this new product line.
Follow Lalo on Charm
Click "Follow" on Lalo's Brand Report to unlock the “Events” tab and stay in the know regarding key brand updates.
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