Rinse
About Rinse
Rinse is a company based in San Francisco (United States) was acquired by Rinse in October 2016. It operates as a On-Demand Services, and Pay-per-Use / Usage-Based. Rinse has raised $13.27 million across 2 funding rounds from investors including Rinse, Canaan and Pear VC. Rinse offers products and services including Wash & Fold and Dry Cleaning. Rinse operates in a competitive market with competitors including Cleanly, FlyCleaners, Dryv, Clean Cube and Wash Cycle Laundry, among others.
- Headquarter San Francisco, United States
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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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Products & Services of Rinse
Rinse offers a comprehensive portfolio of products and services, including Wash & Fold and Dry Cleaning. 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.
Laundry is washed, folded, and delivered to customers.
Clothes are cleaned, pressed, and returned on hangers.
Funding Insights of Rinse
Rinse has successfully raised a total of $13.27M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $10.5 million completed in June 2014. 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 Series A — $10.5M
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First Round
First Round
(02 Jan 2014)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2014 | Amount | Series A - Rinse | Valuation | Canaan , A-Grade Investments | |
| Jan, 2014 | Amount | Seed - Rinse | Valuation | Pear VC |
| 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 Rinse
Rinse has secured backing from 8 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Rinse, Canaan and Pear VC. 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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Canaan is recognized as an early-stage venture capital firm.
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Founded Year | Domain | Location | |
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Early-stage investments are directed toward disruptive technologies and innovations.
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Founded Year | Domain | Location | |
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Stage-agnostic investments in US tech sectors are pursued.
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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 Rinse
| 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 - Rinse
| 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 |
Rinse Comparisons
Competitors of Rinse
Rinse 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 Cleanly, FlyCleaners, Dryv, Clean Cube and Wash Cycle Laundry, 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 |
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| domain | founded_year | HQ Location |
On-demand laundry pickup and delivery is facilitated via mobile app.
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| domain | founded_year | HQ Location |
On-demand laundry pickup and delivery is offered via mobile app.
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| domain | founded_year | HQ Location |
On-demand Drycleaning and Laundry Service
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| domain | founded_year | HQ Location |
Digital concierge for doorman services
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| domain | founded_year | HQ Location |
Sustainable Laundry Service
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| domain | founded_year | HQ Location |
On-demand laundry service provider
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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 Rinse
Where is Rinse located?
Rinse is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Rinse a funded company?
Rinse is a funded company, having raised a total of $13.27M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2.77M, raised on Jan 02, 2014.
What does Rinse do?
Laundry and dry cleaning services are offered by Rinse with convenient pickup and delivery options. Operations are conducted across multiple cities in the United States and Canada, catering to busy individuals. Solutions include Wash Fold for everyday laundry needs and professional dry cleaning for delicate garments. High-quality cleaning standards are maintained, ensuring customer satisfaction through efficient processes and personalized service.
Who are the top competitors of Rinse?
Rinse's top competitors include Cleanly, FlyCleaners and Boomerang Clean.
What products or services does Rinse offer?
Rinse offers Wash & Fold and Dry Cleaning.
Who are Rinse's investors?
Rinse has 8 investors. Key investors include Rinse, Canaan, Pear VC, Three Six Zero, and ACME Capital.
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