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Softbank-Backed On-Demand Laundry Startup Laundrygo Picks Up $37M Series C

Nov 21, 2022•almost 3 years ago

Amount Raised

$37 Million

Round Type

series c

South KoreaLaundry And Dry Cleaning

Investors

Pebbles InvestmentBadgers InvestmentAltos VenturesSoft Bank Ventures

Description

Mom-and-pop stores and franchises — mostly offline — account for about 95% of the laundry market in South Korea, according to Laundrygo CEO Sung-woo Cho. But his South Korea–headquartered startup aims to digitize the laundry industry in the country. How? Through an on-demand mobile app that enables users to place an order to pick up and drop off their laundry and dry cleaning within 24 hours. The outfit also operates laundromats and smart factories to handle washing and drying clothes.

Company News

(5 articles)

Mon, 21 Nov 2022 08:00:00 GMT

SoftBank-backed on-demand laundry startup Laundrygo picks up $37M Series C - TechCrunch

Wed, 02 Oct 2024 07:00:00 GMT

S. Korea’s laundromat chains expand, embracing automation and contact-free services - 조선일보

Thu, 18 May 2023 07:00:00 GMT

Laundrygo makes waves in mobile laundry industry, surpassing 2 million orders & setting record sales - KoreaTechDesk

Mon, 04 Apr 2022 07:00:00 GMT

Is G a running washing machine?, Laundrygo Rebranding - 디자인 나침반

Tue, 05 Apr 2022 07:00:00 GMT

Laundrygo startup Lifegoeson enters ‘unmanned’ service with the acquisition of Penguin House - KoreaTechDesk

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