A startup called FoamRoots, a mobile app designed to help people fold their own chairs, has raised $2 million in a Series B round led by Sequoia Capital.
The company is looking to expand its range of folding chairs to include desk and lounge models.
Foam Roots is also working on a smart-chair version of the app that can be used by people who don’t have a folding chair in their home.
The new funding is led by new Sequoias partner Matt Dolan, who is also the head of the Sequoian Robotics Labs, an incubator in New York City that aims to build autonomous robots.
“Foam Roots was built by a team of innovators from our early days, but with funding from Sequoial Capital, we can now bring these early founders the chance to work on this product with a team that understands the needs of the consumer, the business, and the end user,” Dolan said in a statement.
“We are excited to be able to expand the Foam range, adding to our existing products and partnering with some of the leading brands in the industry, including Apple, Samsung, and LG.”
A Foam Chair is one of a growing number of products that offer a foldable platform for people to fold and store objects in their homes.
Earlier this year, Apple released the Smart Chair, a device that allows people to sit in a chair and fold it to a compact size.
The Smart Chair has become a popular item for tech-savvy individuals who want to take their gadgets and gadgets to work.
A number of other startups have also begun offering folding chairs as an alternative to conventional chairs.
Some have also been looking to use the new money to expand their range of products, but Foam roots is the first to build a fold-able, home-friendly product.
In addition to the funding, Sequoios Ventures, Sequolas Capital, and Citi Ventures are financing the company’s growth.
The app’s founder, Sam Shafrir, is also on the board of the company.
The firm says the app has been downloaded more than 200 million times.