Oxwash announced raising £1.75 million from RB Ventures, TrueSight Ventures, Founders Factory, Oxford Technology Management and angel investors Biz Stone and Paul Forster.
Oxwash, an Oxford, UK-based compay building a business based on a proprietary laundry technology, announced that it secured capital funding of £1.75 million ($2.3M).
The money was raised from UK investors, including RB’s (Reckitt Benckiser) new purpose-led venture arm, RB Ventures, TrueSight Ventures, Founders Factory, Oxford Technology Management and angel investors Biz Stone and Paul Forster.
Fabrice Beaulieu, who works for RB as EVP of Group Marketing Excellence and Category Development Organisation Hygiene, will also join the Oxwash board.
The proceeds will be used to launch the service in London, to invest further into its proprietary technology platform, and to expand in North America and Europe in the next 12-18 months.
Oxwash, founded in 2017 by CEO Kyle Grant, developed an on-demand laundry business that uses processes to have zero net carbon emissions – from collection to washing and back to delivery.
The company works with customers including consumers, hotels, gyms and Airbnbs, and recently added healthcare clients, as it also provides laundry services to the Oxford University coronavirus vaccine trial due to its scientifically proven high level of disinfection.