# Washio

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

- Industry: Consumer Services
- Headquarters: Los Angeles, US
- Website: www.getwashio.com
- Total disclosed funding: $13M
- Latest round: Series A (Jun 8, 2014)
- Investors on record: 7

## About

Washio, based in the US, specializes in providing on-demand dry cleaning and laundry services, simplifying the cleaning needs of busy urban customers through efficient scheduling and tailored care.Founded in 2013 and headquartered in Los Angeles, Washio offers a convenient laundry solution for urban clientele. Recently, in October 2016, Washio was acquired by Rinse Inc., although financial terms were not disclosed. The company has raised a total of USD 10.50 mn over multiple funding rounds, including a Series A round led by Canaan Partners, with participation from several other investors. The total number of deals reported is 6, with the latest deal occurring on October 6, 2016.Washio provides a comprehensive laundry and dry cleaning service tailored to meet the needs of its urban customer base. Their offerings include a Wash & Fold service that collects, cleans, and folds clothes, along with specialized dry cleaning for various garments. Customers benefit from flexible scheduling options, allowing pickups any day of the week, and can request hypoallergenic detergents. The company operates primarily in major urban areas such as New York, San Francisco, Los Angeles, Washington D.C. Metro Area, Chicago, Toronto, Boston, Dallas, Austin, New Jersey, and Seattle, targeting busy professionals and households looking for efficient laundry solutions.Washio generates revenue through its B2C model, offering both Wash & Fold and dry cleaning services. The pricing is structured to promote convenience, with services available on a pay-as-you-go basis or as an all-inclusive option per bag. Individual cleaning prices include shirts at USD 5.95, blouses at USD 11.95, and casual dresses at USD 20.95, with typical pickups scheduled between 8 PM and 10 PM and a turnaround time of 3-4 days. Promotional offers, such as a USD 20 credit for first-time users, further enhance customer acquisition and retention strategies.Washio plans to leverage recent funding to enhance its service offerings and expand its market presence. Following its acquisition by Rinse Inc. in October 2016, the company is focused on developing new products and exploring new geographic regions for expansion. Specific new services are currently in design, aiming for a launch in the upcoming year, while the company targets broader urban markets for increased reach in the near future.

## Funding rounds

- Series A, Jun 8, 2014, $11M — Canaan Partners, Sound Ventures, ACME Capital, Pear VC, Signatures Capital Partners
- Seed, Jan 14, 2014, $2.3M — AME Cloud Ventures, ACME Capital, Pear VC, Three Six Zero Group, Signatures Capital Partners

## Investors

- AME Cloud Ventures (https://capitalatlas.ai/funds/ame-cloud-ventures) — Seed
- ACME Capital (https://capitalatlas.ai/funds/acme-capital) — Seed, Series A
- Pear VC (https://capitalatlas.ai/funds/pear-vc) — Seed, Series A
- Three Six Zero Group — Seed
- Signatures Capital Partners — Seed, Series A
- Canaan Partners (https://capitalatlas.ai/funds/canaan-partners) — Series A
- Sound Ventures (https://capitalatlas.ai/funds/sound-ventures) — Series A