# Laundrapp

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

- Industry: Consumer Services
- Headquarters: London, UK
- Website: www.laundrapp.com
- Total disclosed funding: $7.2M
- Latest round: Series C (Jun 2, 2017)
- Investors on record: 3

## About

Founded in 2014, Laundrapp Limited is a London-based company providing on-demand laundry and dry cleaning services, aiming to simplify laundry care for individuals and businesses with a fast and reliable solution.Laundrapp Limited specializes in on-demand laundry and dry cleaning services. Founded in London, UK, by Dominic Perks and Nicholas Bransby-Williams, the company has raised a total of GBP 5.580 mn across 5 funding deals, with the most recent being a Series C round in June 2019. The company's current valuation is GBP 41.863 mn. Laundrapp has successfully pivoted to continue expanding its service offerings and market reach.Laundrapp offers a comprehensive range of laundry and dry cleaning services designed for individuals and businesses. Their core offerings include laundry service, dry cleaning, ironing, and additional services such as bedding care, repairs, and alterations. Operating with a 24-hour turnaround model, Laundrapp ensures convenience for its clientele across multiple countries, including the United States, Ireland, and the United Arab Emirates.In 2015, Laundrapp reported a revenue of GBP 253,621.60, while EBITDA for the same year was GBP -3,232,110.60. The company generates revenue through a direct-to-consumer business model, allowing customers to place orders via its mobile app or website, with a minimum order value of GBP 20.Following its most recent funding round in June 2019, Laundrapp plans to enhance its service offerings and expand into new markets. The company aims to introduce innovative features in its app to improve user experience. Funds raised will support the development of these new services and bolster the company's expansion efforts into regions currently lacking Laundrapp’s presence. Lorenzo Franzi will continue as CEO, guiding the company through these strategic initiatives.

## Funding rounds

- Series C, Jun 2, 2017, $7.2M — Hargreave Hale, Salica Investments, Atami Capital

## Investors

- Hargreave Hale — Series C
- Salica Investments (https://capitalatlas.ai/funds/salica-investments) — Series C
- Atami Capital (https://capitalatlas.ai/funds/atami-capital) — Series C