Kiinde, LLC
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Kiinde, LLC - overview
Established
2012
Location
Indian Harbour Beach, FL, US
Primary Industry
Medical Devices & Equipment
About
Kiinde, LLC is a company focused on enhancing breastfeeding and infant feeding experiences through innovative product solutions. Their offerings allow for efficient storage and feeding of breast milk, catering primarily to new parents. Kiinde, LLC, founded in 2012, is based in Indian Harbour Beach, US, and specializes in breastfeeding and infant feeding products. The company was co-founded by John McBean and Kailas Narendran, with Vijay Brihmadesam serving as CEO.
Kiinde was recapitalized by Tower Arch Capital in August 2018, although financial terms were not disclosed. The company has engaged in a single investment deal to date. Kiinde specializes in innovative products designed to enhance the experience of breastfeeding and infant feeding. Their core offerings include the Kiinde Twist system, which allows for seamless and sanitary milk storage, preparation, and feeding.
This unique system utilizes a series of pouches that directly connect to various breast pumps, enabling mothers to pump, store, and feed without transferring milk between containers. Additional products include bottle adapters and accessories that accommodate different feeding preferences, targeting the needs of breastfeeding mothers and their infants. Kiinde's solutions are primarily marketed towards new parents in North America, Europe, and select markets in Asia, addressing the challenges of milk storage and feeding efficiency. Kiinde generates revenue through a combination of direct-to-consumer sales and partnerships with retailers and healthcare providers.
The company establishes relationships with major baby product retailers, facilitating shelf space for their unique product lines while also engaging in direct sales through their online platform. This dual approach allows Kiinde to reach a broad customer base, including parents and caregivers who seek convenient feeding solutions. Revenue is primarily derived from the sale of their flagship products, such as the Kiinde Twist Pouches and associated feeding accessories, which are marketed through various pricing plans that cater to different consumer needs. The company’s pricing strategy positions its products competitively within the market, ensuring accessibility for families looking for effective feeding solutions.
Kiinde plans to utilize its recent funding to support the development of new products and expand into additional markets. The company is actively designing new products aimed at enhancing the breastfeeding experience, with a goal to launch these innovations by late 2023. Kiinde also aims to penetrate further into Asian markets and expand its footprint in Europe by 2024. The funding from the recapitalization deal in August 2018 will assist in bolstering these initiatives and driving the company's strategic growth.
Current Investors
Tower Arch Capital
Primary Industry
Medical Devices & Equipment
Sub Industries
Medical Equipment Distributors
Website
www.kiinde.com
Company Stage
Mature
Total Amount Raised
Subscriber access only
Kiinde, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Recapitalisation | Completed | Kiinde, LLC | - |
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