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How a New Take on the Stroller Snagged $20 Million in Funding

This story appears in the December 2012 issue of Entrepreneur. Subscribe »

What do you get when you join a Carnegie Mellon engineer with a Northwestern MBA grad? In the case of 4moms, a whole new take on the stroller and infant seat. Now flush with $20 million in Series A funding from Bain Capital Ventures in Boston, 4moms can add more designers, engineers and production staff to its inventive child-care products .

The guys behind Pittsburgh-based 4moms, Rob Daley and Henry Thorne, joined forces in 2003 on their first product, a digital shower controller, which generated more interest from mothers worried about scalding water than from their intended target market of male gadget geeks. Intrigued, Daley and Thorne turned their attention to what's known as the juvenile market. They formed a that included Daley's wife and four of her friends, who unspooled a wish list of features they found lacking in the products they used with their small children every day.

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