About 2U Laundry
2U Laundry is a company based in Charlotte (United States) founded in 2015 by Dan D' Aquisto.. 2U Laundry has raised $30.8 million across 4 funding rounds from investors including Techstars, Morgan Creek and L5 Capital Partners. The company has 51 employees as of December 31, 2022. 2U Laundry has completed 1 acquisition, including The Folde. 2U Laundry operates in a competitive market with competitors including Rinse, Hampr, Loopie, Tumble and Poplin, among others.
- Headquarter Charlotte, United States
- Employees 51 as on 31 Dec, 2022
- Founders Dan D' Aquisto
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Sectors
Business Services
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Phone
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Website
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Social
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- Legal Name 2U Laundry, Inc.
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Funding Insights of 2U Laundry
2U Laundry has successfully raised a total of $30.8M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $20 million completed in January 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series B — $20.0M
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First Round
First Round
(14 Nov 2016)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2023 | Amount | Series B - 2U Laundry | Valuation | Level 5 Capital Partners |
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| Dec, 2019 | Amount | Series A - 2U Laundry | Valuation | Morgan Creek Capital Management , Florida Funders | |
| Sep, 2017 | Amount | Seed - 2U Laundry | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in 2U Laundry
2U Laundry has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Techstars, Morgan Creek and L5 Capital Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investment and operational expertise are provided by L5 Capital Partners.
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Founded Year | Domain | Location | |
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Investment management services are provided to institutions and wealthy families.
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Founded Year | Domain | Location | |
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Early-stage VC and PE are provided to tech startups.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by 2U Laundry
2U Laundry has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include The Folde. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Laundry and dry cleaning services are provided via an app.
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2017 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - 2U Laundry
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
2U Laundry Comparisons
Competitors of 2U Laundry
2U Laundry operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Rinse, Hampr, Loopie, Tumble and Poplin, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Rinse is operated as a laundry and dry cleaning delivery service.
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| domain | founded_year | HQ Location |
Laundry and dry cleaning services are delivered via mobile app.
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| domain | founded_year | HQ Location |
Provider of consumer laundry services
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| domain | founded_year | HQ Location |
Smart laundry solutions are provided for multifamily properties.
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| domain | founded_year | HQ Location |
A nationwide personal laundry service platform is operated by Poplin.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about 2U Laundry
When was 2U Laundry founded?
2U Laundry was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is 2U Laundry located?
2U Laundry is headquartered in Charlotte, United States. It is registered at Charlotte, North Carolina, United States.
Who is the current CEO of 2U Laundry?
Jason L. Lepes is the current CEO of 2U Laundry.
Is 2U Laundry a funded company?
2U Laundry is a funded company, having raised a total of $30.8M across 4 funding rounds to date. The company's 1st funding round was a Seed of $2.5M, raised on Nov 14, 2016.
How many employees does 2U Laundry have?
As of Dec 31, 2022, the latest employee count at 2U Laundry is 51.
What does 2U Laundry do?
2U Laundry was founded in 2015 in Charlotte, United States, within the on-demand services sector. An app-based platform is operated to connect users with laundry and dry cleaning providers. Scheduling and booking of services are enabled, along with doorstep pick-up and delivery for clothes. The application is accessible on both Android and iOS devices, supporting operations in the local area.
Who are the top competitors of 2U Laundry?
How many acquisitions has 2U Laundry made?
2U Laundry has made 1 acquisition, including The Folde.
Who are 2U Laundry's investors?
2U Laundry has 8 investors. Key investors include Techstars, Morgan Creek, L5 Capital Partners, Reform Ventures, and Service Provider Capital.
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