About Linen King
Linen King is a company based in Tulsa (United States) founded in 1999 was acquired by Healthcare Linen Services Group in January 2023.. Linen King has raised $8.6 million across 2 funding rounds from investors including Clairvest, Healthcare Linen Services Group and Seaport Capital. The company has 312 employees as of December 31, 2018. Linen King offers products and services including Linen Services, Uniform Rental, and Inventory Management. Linen King operates in a competitive market with competitors including CSC ServiceWorks, ImageFIRST, Caldwell and Gregory, SudShare and Laundrylux, among others.
- Headquarter Tulsa, United States
- Employees 312 as on 31 Dec, 2018
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$8.6 M (USD)
in 2 rounds
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Latest Funding Round
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Investors
Clairvest
& 2 more
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Employee Count
312
as on Dec 31, 2018
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Acquired by
Healthcare Linen Services Group
(Jan 05, 2023)
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Products & Services of Linen King
Linen King offers a comprehensive portfolio of products and services, including Linen Services, Uniform Rental, and Inventory Management. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides cleaning and supply of linens for healthcare facilities to ensure hygiene.
Offers rental and maintenance of medical uniforms for staff comfort and safety.
Delivers systems for tracking and managing linen inventory in healthcare settings.
Funding Insights of Linen King
Linen King has successfully raised a total of $8.6M across 2 strategic funding rounds. 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 2
- Last Round Last Round
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First Round
First Round
(31 Oct 2011)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2020 | Amount | Private Equity Round - Linen King | Valuation | Seaport Capital |
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| Oct, 2011 | Amount | Private Equity Round - Linen King | 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 |
investors |
Investors in Linen King
Linen King has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Clairvest, Healthcare Linen Services Group and Seaport Capital. 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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Buyouts are targeted by Seaport Capital, a private equity firm.
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Founded Year | Domain | Location | |
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Private equity investment management firm
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Founded Year | Domain | Location | |
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Healthcare linen products and laundry services are supplied to facilities.
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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 Linen King
| 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 |
Financial Statements - Linen King
| 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 |
Linen King Comparisons
Competitors of Linen King
Linen King 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 CSC ServiceWorks, ImageFIRST, Caldwell and Gregory, SudShare and Laundrylux, 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 |
Provider of laundry, tire inflation, and vacuum vending services
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| domain | founded_year | HQ Location |
Provider of linen & laundry services for hospitals
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| domain | founded_year | HQ Location |
Provider of laundry services
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| domain | founded_year | HQ Location |
Laundry services are facilitated via an online peer-to-peer platform.
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| domain | founded_year | HQ Location |
Offers commercial laundry systems, equipment, and support for laundromats and industrial users.
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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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Latest news on Linen King
Frequently Asked Questions about Linen King
When was Linen King founded?
Linen King was founded in 1999 and raised its 1st funding round 12 years after it was founded.
Where is Linen King located?
Linen King is headquartered in Tulsa, United States. It is registered at Tulsa, Oklahoma, United States.
Is Linen King a funded company?
Linen King is a funded company, having raised a total of $8.6M across 2 funding rounds to date. The company's 1st funding round was a Private Equity Round of $8.6M, raised on Oct 31, 2011.
How many employees does Linen King have?
As of Dec 31, 2018, the latest employee count at Linen King is 312.
What does Linen King do?
Linen King is a textile rental services company that provides commercial laundry services to healthcare and hospitality industries. Has 6 major facilities across the U.S. Received accreditations from Healthcare Laundry Accreditation Council (HLAC) and Textile Rental Services Association (TRSA). Claims to processes over 50 million pounds of laundry annually as of September 2013. Received 8.6M investment from Canadian private equity firm Clairvest group in October 2011.
Who are the top competitors of Linen King?
Linen King's top competitors include CSC ServiceWorks, ImageFIRST and Caldwell and Gregory.
What products or services does Linen King offer?
Linen King offers Linen Services, Uniform Rental, and Inventory Management.
Who are Linen King's investors?
Linen King has 3 investors. Key investors include Clairvest, Healthcare Linen Services Group, and Seaport Capital.
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