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
*********
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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
$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.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Seed — $1.0M
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First Round
First Round
(28 Apr 2014)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2018 | Amount | Seed - The Laundry Chute | Valuation |
investors |
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| Jun, 2017 | Amount | Seed - The Laundry Chute | Valuation |
investors |
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| Sep, 2015 | Amount | Seed - The Laundry Chute | Valuation |
investors |
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| 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 Laundry Chute
The Laundry Chute has secured backing from 1 investor. Prominent investors backing the company include CSC ServiceWorks. 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 laundry, tire inflation, and vacuum vending 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 Laundry Chute
| 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 Laundry Chute
| 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 Laundry Chute Comparisons
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. 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 |
Provider of an app-based platform for laundry and dry cleaning services
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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 |
|---|---|---|---|---|
| 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 Laundry Chute
When was The Laundry Chute founded?
The Laundry Chute was founded in 2014.
Where is The Laundry Chute located?
The Laundry Chute is headquartered in Pittsburgh, United States. It is registered at Pittsburgh, Pennsylvania, United States.
Is The Laundry Chute a funded company?
The Laundry Chute is a funded company, having raised a total of $1.46M across 4 funding rounds to date. The company's 1st funding round was a Seed of $155K, raised on Apr 28, 2014.
How many employees does The Laundry Chute have?
As of Dec 31, 2021, the latest employee count at The Laundry Chute is 2,273.
What does The Laundry Chute do?
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.
Who are the top competitors of The Laundry Chute?
The Laundry Chute's top competitors include Rinse, 2U Laundry and Hampr.
Who are The Laundry Chute's investors?
The Laundry Chute has 1 investor. Key investors include CSC ServiceWorks.
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