Startups

Mr. Jeff obtained $12 million on their series A to replace trips to the Laundromat

Mr. Jeff obtained $12 million on their series A to replace trips to the Laundromat
Mr. Jeff obtained $12 million on their series A to replace trips to the Laundromat

If you are thinking that all the on-demand laundry space has finally run out of all the startup steam, then here is a bit of conditioner. Mr. Jeff which is basically a Spanish startup has been successfully able to raise a total of $12 million in their Series A investment round which was led by All Iron Ventures.

This startup was founded in the year 2016 and has been working since then on home laundry and dry cleaning service. It became very popular in a short period of time. It comes with an on-demand monthly subscription option in a lot of countries which focuses on the LatAm. It has also acquired a Brazilian laundry franchise called the Lava e Leva recently and moved into a whole new market in the region.

The company has gotten enough attention from people and this is the reason it was able to get such a big investment in such a short period of time. The franchise model of the company has set itself different from all the different laundry services. The approach of this company is very much different which has made a lot of companies back out from the market. The main focus of this startup is to offer lower rates of washing machine owners. This company ended their year 2018 with almost 1,000 franchises operating in the global market. It has now more than 150 direct employees and 2,400 indirect employees.

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According to a franchise owner:

“I am really happy with the sales numbers that have been created by the company.”

The best thing about this service is that it helps people get their clothes washed and ironed in just 48 hours. They have been able to make a name in the market because of their punctuality.

According to investors:

“We see a lot of potential in this company on how it has been successfully able to come to the market and just within 2 years make a name for itself in the global market.”

The money that has been collected by the company will now be used to improve technology and increase the number of stores in different countries.

About the author

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Maria Farrell

Reporter

Maria Farrell is an Irish writer and consultant on Internet policy and communications. She is also a senior content writer at TechRazr. She likes to write news on latest technological inventions. Apart from this, she likes to different tech events in her country.

To get in touch with Maria for news reports he published you can email her on [email protected] or reach him out in social media linked below.

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