Oxwash, the UK’s first sustainable on-demand laundry and wet-cleaning startup, has raised £10 million in a series A funding round led by Untitled VC, as it looks out to grow its nationwide footprint.
Long standing supporter Biz Stone, co-founder of Twitter, also returned for the round, as did Indeed founder Paul Forster, and Holly and Sam Branson.
New investors in the round include 8 Dimension Ventures, System Capital Management (Ukraine’s largest VC Fund), and Khimji Ramdas LLC. Many more existing investors chose to partake again, including Reckitt venture arm Access VC, Pentland Group, Ascension Ventures, Vala Capital, and Truesight Ventures.
The brainchild of ex-NASA scientist and Forbes’s Europe’s 30 under 30 alumni, Dr Kyle Grant (31) and Oxford engineer Tom de Wilton (32) in 2017, the startup has also achieved B Corporation status certification, and is now the only laundry and wet-cleaning company in the world that meets exacting standards of environmental, social responsibility and transparency.
Re-engineering the entire washing process, introducing technology typically used in space and hospital sterilisation, Oxwash has now raised a total of £15.7m to date.
With the latest funding, the business will be able to build a giant facility with the ability to service clients up and down the country.
In the last 12 months, Oxwash has quadrupled its revenue and achieved operational profitability across its three washing facilities, known as ‘lagoons’.
