About The Laundry Chute
The Laundry Chute is a company based in Pittsburgh (United States) founded in 2014 was acquired by CSC ServiceWorks in January 2022. The Laundry Chute has raised $1.46 million across 4 funding rounds from investors including CSC ServiceWorks. The company has 2,273 employees as of December 31, 2021. The Laundry Chute operates in a competitive market with competitors including Rinse, 2U Laundry, Hampr, Loopie and Tumble, among others.
- Headquarter Pittsburgh, United States
- Employees 2273 as on 31 Dec, 2021
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Sectors
Business Services
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Email
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Phone
Locked
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Website
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Social
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$1.46 M (USD)
in 4 rounds
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Latest Funding Round
$1.01 M (USD), Seed
Jul 16, 2018
- Investors
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Employee Count
2273
as on Dec 31, 2021
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Acquired by
CSC ServiceWorks
(Jan 25, 2022)
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Funding Insights of The Laundry Chute
The Laundry Chute has successfully raised a total of $1.46M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $1.01 million completed in July 2018. 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.
Investors in The Laundry Chute
The Laundry Chute has secured backing from 1 investor. Prominent investors backing the company include CSC ServiceWorks.
| Investor | Description | Founded Year | Domain | Location |
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Provider of laundry, tire inflation, and vacuum vending services
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Investor details for The Laundry Chute
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Investments & Acquisitions by The Laundry Chute
Investment portfolio details for The Laundry Chute
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Financial Statements - The Laundry Chute
Detailed financials for The Laundry Chute
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The Laundry Chute Comparisons
Peer comparison for The Laundry Chute
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Competitors of The Laundry Chute
The Laundry Chute 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, 2U Laundry, Hampr, Loopie and Tumble, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Rinse is operated as a laundry and dry cleaning delivery service.
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Provider of an app-based platform for laundry and dry cleaning services
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Laundry and dry cleaning services are delivered via mobile app.
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Provider of consumer laundry services
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Smart laundry solutions are provided for multifamily properties.
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A nationwide personal laundry service platform is operated by Poplin.
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Detailed competitors of The Laundry Chute
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Latest news on The Laundry Chute
Complete news archive for The Laundry Chute
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Frequently Asked Questions about The Laundry Chute
The Laundry Chute was founded in 2014.
The Laundry Chute is headquartered in Pittsburgh, United States. It is registered at Pittsburgh, Pennsylvania, United States.
The Laundry Chute is a funded company, having raised a total of $1.46M across 4 funding rounds to date.
As of Dec 31, 2021, the latest employee count at The Laundry Chute is 2,273.
The Laundry Chute was founded in 2014 at Palm Beach Atlantic University and expanded to the University of Pittsburgh by November 2016. Operations are centered in the student services sector, where laundry drop-off and pick-up occur at designated campus locations. Real-time tracking is enabled through a mobile app compatible with iOS and Android devices. The company is based in Pittsburgh, United States, focusing on convenience for university students.
The Laundry Chute's top competitors include Rinse, 2U Laundry and Hampr.
The Laundry Chute has 1 investor. Key investors include CSC ServiceWorks.