About The Folde
The Folde is a company based in Austin (United States) founded in 2017 by Mark Vlaskamp, Aaron Bowen, and Jordan Suydam was acquired by 2U Laundry in June 2023.. The Folde operates in a competitive market with competitors including Rinse, Hampr, Loopie, 2U Laundry and Poplin, among others.
- Headquarter Austin, United States
- Founders Mark Vlaskamp, Aaron Bowen, Jordan Suydam
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Sectors
Business Services
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Email
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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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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
2U Laundry
(Jun 20, 2023)
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Funding Insights of The Folde
| 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 The Folde
The Folde has secured backing from 1 investor. Prominent investors backing the company include 2U Laundry. 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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Provider of an app-based platform for laundry and dry cleaning services
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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 The Folde
| 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 - The Folde
| 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 |
The Folde Comparisons
Competitors of The Folde
The Folde 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, 2U Laundry 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 |
Provider of an app-based platform for laundry and dry cleaning services
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| domain | founded_year | HQ Location |
A nationwide personal laundry service platform is operated by Poplin.
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| domain | founded_year | HQ Location |
On-demand laundry and dry cleaning solutions
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 The Folde
When was The Folde founded?
The Folde was founded in 2017.
Where is The Folde located?
The Folde is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
What does The Folde do?
The Folde was founded in 2017 in Austin, United States, as an app-based provider in the laundry and dry cleaning sector. Services are extended to residents, businesses, and the Airbnb industry through Android app functionality. Pickups and drop-offs are scheduled by customers, notes for special treatments are submitted, and personalized bags are supplied for separating laundry and dry cleaning items. Operations focus on streamlined scheduling and delivery.
Who are the top competitors of The Folde?
The Folde's top competitors include Rinse, 2U Laundry and Hampr.
Who are The Folde's investors?
The Folde has 1 investor. Key investors include 2U Laundry.
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