2ULaundry Overview
- Year Founded
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2015
- Status
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Private
- Employees
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40
- Latest Deal Type
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2ndary - Private
- Investors
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14
2ULaundry General Information
Description
Provider of on-demand laundry and dry cleaning services intended to offer subscription-based cleaning services. The company's services include free and convenient pickup and delivery of clothes, and customers receive exclusive access to a full suite of offerings, including flat-rate laundry and dry cleaning prices, enabling customers to track updates throughout the process.
Contact Information
Website
www.2ulaundry.comCorporate Office
- 901 Essex Street
- Charlotte, NC 28205
- United States
Corporate Office
- 901 Essex Street
- Charlotte, NC 28205
- United States
2ULaundry Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 9. Secondary Transaction - Private | Completed | Generating Revenue | ||||
| 8. Later Stage VC (Series B) | 31-Jan-2023 | Completed | Generating Revenue | |||
| 7. Debt - PPP | 14-Apr-2020 | Completed | Generating Revenue | |||
| 6. Early Stage VC (Series A) | 24-Oct-2019 | Completed | Generating Revenue | |||
| 5. Accelerator/Incubator | 19-Oct-2018 | Completed | Generating Revenue | |||
| 4. Debt - General | 11-May-2018 | Completed | Generating Revenue | |||
| 3. Seed Round | 18-Aug-2017 | Completed | Generating Revenue | |||
| 2. Accelerator/Incubator | 17-Jul-2017 | $1.8M | $2.2M | Completed | Generating Revenue | |
| 1. Seed Round | 09-Sep-2016 | $400K | $400K | Completed | Startup |
2ULaundry Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Series B | ||||||||
| Series A-1 | ||||||||
| Series A | ||||||||
| Seed 2 | 3,816,771 | $0.000100 | $0.66 | $0.66 | 1x | $0.66 | 11.18% | |
| Seed | 1,906,574 | $0.000100 | $0.21 | $0.21 | 1x | $0.21 | 5.58% |
VC Exit Predictor
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Opportunity Score
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Exit Type
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2ULaundry Comparisons
Industry
Financing
Details
2ULaundry Competitors (13)
One of 2ULaundry’s 13 competitors is Washmen, a Venture Capital-Backed company based in Dubai, United Arab Emirates.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Washmen | Venture Capital-Backed | Dubai, United Arab Emirates | ||||
| Rinse | Venture Capital-Backed | San Francisco, CA | ||||
| LaundryRepublic | Corporation | London, United Kingdom | ||||
| IHateIroning | Formerly VC-backed | London, United Kingdom | ||||
| Laundryheap | Venture Capital-Backed | London, United Kingdom |
2ULaundry Related Research & Analysis
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2ULaundry Signals
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Majestic Referring Domains
2ULaundry Investors (14)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| Album VC | Venture Capital | Minority | ||
| Defiance Ventures | Venture Capital | Minority | ||
| Level 5 Capital Partners | PE/Buyout | Minority | ||
| Engage Capital | Real Estate | Minority | ||
| Florida Funders | Venture Capital | Minority |
2ULaundry Acquisitions (1)
2ULaundry’s most recent deal was a Merger/Acquisition with The Folde. The deal was made on 20-Jun-2023.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| The Folde | 20-Jun-2023 | Merger/Acquisition | Other Commercial Services |
2ULaundry FAQs
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When was 2ULaundry founded?
2ULaundry was founded in 2015.
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Where is 2ULaundry headquartered?
2ULaundry is headquartered in Charlotte, NC.
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What is the size of 2ULaundry?
2ULaundry has 40 total employees.
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What industry is 2ULaundry in?
2ULaundry’s primary industry is Other Services (B2C Non-Financial).
-
Is 2ULaundry a private or public company?
2ULaundry is a Private company.
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What is 2ULaundry’s current revenue?
The current revenue for 2ULaundry is .
-
How much funding has 2ULaundry raised over time?
2ULaundry has raised $32.9M.
-
Who are 2ULaundry’s investors?
Album VC, Defiance Ventures, Level 5 Capital Partners, Engage Capital, and Florida Funders are 5 of 14 investors who have invested in 2ULaundry.
-
Who are 2ULaundry’s competitors?
Washmen, Rinse, LaundryRepublic, IHateIroning, and Laundryheap are some of the 13 competitors of 2ULaundry.
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