About Wash Cycle Laundry
Wash Cycle Laundry is a company based in Philadelphia (United States) founded in 2010.. Wash Cycle Laundry has raised $456.86 thousand across 2 funding rounds from investors including Distinguished Social Ventures Foundation and American Sustainable Business Network. Wash Cycle Laundry offers products and services including Hotel Laundry Service, Gyms and Fitness Towels, Spas and Salons Service, and Short-Term Rentals Laundry. Wash Cycle Laundry operates in a competitive market with competitors including Cleanly, FlyCleaners, Dryv, Clean Cube and Boomerang Clean, among others.
- Headquarter Philadelphia, 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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- Legal Name Wash Cycle Laundry, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$456.86 K (USD)
in 2 rounds
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Latest Funding Round
$450 M (USD), Debt – Conventional
Feb 16, 2015
- Investors
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Employee Count
Employee Count
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Products & Services of Wash Cycle Laundry
Wash Cycle Laundry offers a comprehensive portfolio of products and services, including Hotel Laundry Service, Gyms and Fitness Towels, Spas and Salons Service, and Short-Term Rentals Laundry. 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.
Washes and rents linens for hotels of various sizes.
Rents and cleans towels for gyms and fitness facilities.
Handles laundry for spas, salons, and wellness centers.
Provides linen rental and washing for Airbnb managers.
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Leadership Team
1 people
GM Team
1 people
Assistant Team
1 people
Business Team
1 people
Operations Team
1 people
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Funding Insights of Wash Cycle Laundry
Wash Cycle Laundry has successfully raised a total of $456.86K across 2 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $450 million completed in February 2015. 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 Debt – Conventional — $450.0M
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First Round
First Round
(21 Oct 2013)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Feb, 2015 | Amount | Debt – Conventional - Wash Cycle Laundry | Valuation |
investors |
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| Oct, 2013 | Amount | Seed - Wash Cycle Laundry | Valuation | SVC |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Wash Cycle Laundry
Wash Cycle Laundry has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Distinguished Social Ventures Foundation and American Sustainable Business Network. 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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Sustainable projects are incubated for startups by SVC.
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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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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Wash Cycle Laundry
| 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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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Wash Cycle Laundry
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Wash Cycle Laundry Comparisons
Competitors of Wash Cycle Laundry
Wash Cycle Laundry 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 Boomerang Clean, 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 |
On-demand laundry service provider
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| Company Name | Domain | Founded year | HQ Location | Description |
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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 Wash Cycle Laundry
Frequently Asked Questions about Wash Cycle Laundry
When was Wash Cycle Laundry founded?
Wash Cycle Laundry was founded in 2010 and raised its 1st funding round 3 years after it was founded.
Where is Wash Cycle Laundry located?
Wash Cycle Laundry is headquartered in Philadelphia, United States. It is registered at Philadelphia, Pennsylvania, United States.
Is Wash Cycle Laundry a funded company?
Wash Cycle Laundry is a funded company, having raised a total of $456.86K across 2 funding rounds to date. The company's 1st funding round was a Seed of $456.86K, raised on Oct 21, 2013.
What does Wash Cycle Laundry do?
Wash Cycle Laundry was founded in 2010 in Philadelphia, United States, operating in the sustainable laundry sector. Services are extended to residential clients and institutions like healthcare facilities and universities. Pickups and drop-offs are arranged through a web platform. Employment is provided to individuals from marginalized backgrounds, including those formerly incarcerated, on welfare, or homeless.
Who are the top competitors of Wash Cycle Laundry?
Wash Cycle Laundry's top competitors include Cleanly, FlyCleaners and Boomerang Clean.
What products or services does Wash Cycle Laundry offer?
Wash Cycle Laundry offers Hotel Laundry Service, Gyms and Fitness Towels, Spas and Salons Service, and Short-Term Rentals Laundry.
Who are Wash Cycle Laundry's investors?
Wash Cycle Laundry has 2 investors. Key investors include Distinguished Social Ventures Foundation, and American Sustainable Business Network.
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