UK laundry platform Laundryheap gets $3.5 million to continue rapid global expansion
Laundryheap, the world’s fastest growing on-demand laundry and dry cleaning platform, has announced a $3.5 million Series A round led by Sova VC, a new fund that just launched about three months ago. Founded in the UK in 2014, Laundryheap offers door-to-door laundry and dry cleaning services to consumer and business customers, including major brands, returning items within 24 hours. In the US, where the platform is now operational in five cities, the company reports month on month growth of 50-100 percent. Now the plan is to enter more international markets while maintaining sustainable growth and profitability. Laundryheap marks Sova VC’s second deal since launch, after investing $2.5 million in the Series B round of Smartcat, a global B2B translation services marketplace.