Bain Capital backs Thorley Industries as part of $20M raise

The folks behind 4moms are set on the growth track by a major injection of new capital.

Pittsburgh’s own Thorley Industries, better known as 4moms, the company behind the Origami folding stroller and the MamaRoo baby bouncer, looks to grow its operation amidst a recent multi-million dollar investment by Bain Capital.

Malia Spencer of the Pittsburgh Business Times has more:

Robotics firm Thorley Industries, which makes products aimed at the tiniest consumers, has raised $20 million in a round led by Boston-based Bain Capital Ventures, the firms said on Aug. 9.

Bain Capital Ventures is the venture capital arm of Bain Capital, the private investment company founded by presumptive Republican presidential nominee Mitt Romney.

With this deal, Bain Capital Ventures Managing Director Scott Friend and Principal Brett Garrett joined Thorley’s board, according to filings with the Securities and Exchange Commission.

Thorley does business as 4moms and makes a suite of baby products, including a power-folding stroller called Origami and a robotic bouncy seat called MamaRoo.

The company’s latest product, THe Breeze, an easy-open playpen, is set for release in September. The funding is slated for product development, global expansion and supply chain and logistics to meet growing demand.

Congratulations to the folks at 4moms! Read the full story with a subscription to the Pittsburgh Business Times.

Published August 15, 2012