# 2U Laundry

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/2u-laundry

- Industry: Consumer Services
- Headquarters: Charlotte, US
- Website: www.2ulaundry.com
- Total disclosed funding: $30M
- Latest round: Series B (Jan 31, 2023)
- Investors on record: 9

## About

2U Laundry, Inc. is a US-based company providing mobile laundry services through an app, catering to both residential and commercial customers with efficient laundry solutions.Founded in 2015 in Charlotte, North Carolina, 2U Laundry, Inc. specializes in laundry delivery services. The company has completed 4 deals, with its latest funding round being Series B, raising USD 20.00 mn on January 31, 2023, led by Level 5 Capital Partners. The CEO and co-founder, Alex Smereczniak, has been involved in various ventures in the laundry and service industry.2U Laundry offers comprehensive laundry delivery services tailored for residential and commercial clients. Their services include wash-and-fold laundry, household linen cleaning, delicate garment care, and dry cleaning delivery, all managed via an app. The platform allows users to schedule pickups, specify cleaning preferences, and track their laundry. They serve a diverse clientele across several states, including North Carolina, Texas, Florida, and more.2U Laundry generates revenue through a flat-rate pricing model that allows customers to choose from various laundry services. The use of a bag-based categorization system for different laundry items enables customization of the service experience. Residential customers may use the service on a subscription basis or as needed, while commercial clients receive discounts for bulk services, contributing to consistent transactional revenue.Following the recent Series B funding of USD 20.00 mn, 2U Laundry plans to expand its physical locations and enhance service availability across the United States. The funding will support the expansion into new markets, with specific target regions to be determined as the company grows. This strategic initiative aims to broaden the company's outreach and improve accessibility for families nationwide.

## Funding rounds

- Series B, Jan 31, 2023, $20M — Level 5 Capital Partners
- Series A, Jul 30, 2019, $7.9M — Morgan Creek Capital Management, Tech Square Ventures, Service Provider Capital, Full Tilt Capital, Florida Funders, Reform Ventures
- Seed, Aug 3, 2017, $2.5M — Cox Enterprises Inc., Techstars, Full Tilt Capital

## Investors

- Cox Enterprises Inc. — Seed
- Techstars (https://capitalatlas.ai/funds/techstars) — Seed
- Full Tilt Capital (https://capitalatlas.ai/funds/full-tilt-capital) — Seed, Series A
- Morgan Creek Capital Management — Series A
- Tech Square Ventures (https://capitalatlas.ai/funds/tech-square-ventures) — Series A
- Service Provider Capital (https://capitalatlas.ai/funds/service-provider-capital) — Series A
- Florida Funders (https://capitalatlas.ai/funds/florida-funders) — Series A
- Reform Ventures — Series A
- Level 5 Capital Partners (https://capitalatlas.ai/funds/level-5-capital-partners) — Series B