# ByNext

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bynext

- Industry: Consumer Services
- Headquarters: New York, US
- Website: www.bynext.co
- Total disclosed funding: $7.3M
- Latest round: Series A (Apr 11, 2017)
- Investors on record: 9

## About

ByNext, Inc. is a New York-based company that offers eco-friendly laundry, dry cleaning, and home cleaning services tailored for environmentally conscious consumers, ensuring convenience and sustainability in everyday cleaning needs.Founded in 2014, ByNext, Inc. specializes in eco-friendly cleaning services aimed at individual consumers and businesses. The company has raised USD 1.5 mn through various funding rounds, with the latest being a VENTURE DEBT round of USD 10.00 mn led by Flashpoint on February 3, 2022. ByNext has completed a total of 6 deals since its inception. The CEO is Kam Saifi, and the founder is Alex Prober.ByNext specializes in providing eco-friendly laundry, dry cleaning, and home cleaning services, designed to cater to environmentally conscious consumers. Their core offerings include non-toxic dry cleaning, fresh laundry services, wash and fold options, and home cleaning, all delivered directly to customers' doorsteps across various regions in the United States, including New York, New Jersey, the D.C. Metro Area, and Los Angeles. ByNext employs advanced cleaning techniques utilizing certified green solvents, ensuring the safety of both the garments and the environment. The company targets individual consumers looking for convenient, sustainable cleaning solutions, as well as businesses in need of professional cleaning services. The primary end users of ByNext's services are environmentally aware individuals and families who prioritize sustainable practices in their everyday lives.ByNext generates revenue through a direct-to-consumer model, where customers can schedule services via their website or mobile app, choosing their preferred time slots for laundry and cleaning pick-ups. This facilitates immediate transactions, as customers place orders and make payments at the time of booking. The company offers various pricing structures, including one-time services and potential subscription plans for regular customers. ByNext's service offerings, which include same-day delivery of cleaned garments, are designed to meet urgent consumer needs, enhancing customer satisfaction and repeat business. Their commitment to eco-friendly practices differentiates their services and positions the company in a growing market focused on sustainability.In February 2022, ByNext, Inc. raised USD 10 mn in a VENTURE DEBT funding round led by Flashpoint VC. The company will utilize the funding to enhance its growth and consolidate its home services across the United States. Plans include expanding its service footprint into additional metropolitan areas and potentially introducing new eco-friendly cleaning products designed for better sustainability outcomes.

## Funding rounds

- Series A, Apr 11, 2017, $5M — MillhouseIAG, AddVenture, Initialized Capital, Altair Capital
- Seed, May 13, 2015, $2.3M — 500 Global, Ludlow Ventures, Initialized Capital, FundersClub, Altair Capital, Lunch Van Fund, Soma Capital Management

## Investors

- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed
- Ludlow Ventures (https://capitalatlas.ai/funds/ludlow-ventures) — Seed
- Initialized Capital (https://capitalatlas.ai/funds/initialized-capital) — Seed, Series A
- FundersClub (https://capitalatlas.ai/funds/fundersclub) — Seed
- Altair Capital — Seed, Series A
- Lunch Van Fund — Seed
- Soma Capital Management (https://capitalatlas.ai/funds/soma-capital-management) — Seed
- MillhouseIAG (https://capitalatlas.ai/funds/millhouseiag) — Series A
- AddVenture (https://capitalatlas.ai/funds/addventure) — Series A