Joining the fold: This ‘Uber for laundry’ startup just raised cash from an early Uber investor

(Loopie Laundry Photo)

In a 2019 Startup Spotlight with GeekWire, Loopie Laundry founder and CEO John Vincent Lee described his new peer-to-peer clothes washing startup as “Uber for laundry.” That description seems to have caught the attention of one new investor.

Startup investor and entrepreneur Jason Calacanis and his angel investing club the Launch Syndicate are putting nearly $1 million into Loopie. Calacanis is well known for his $25,000 backing of Uber in the early days of the ride-hailing company. He also invested early in Robinhood, Calm, and Thumbtack.

Jason Calacanis. (Photo via calacanis.com)

Loopie was started in 2018 by Lee as a mobile app laundromat aimed at connecting people who don’t have the time or desire to deal with their own dirty laundry with people who can wash and dry at home and earn money doing it.

The startup has grown beyond Seattle to nine other U.S. cities including Portland; Denver; Chicago; Washington, D.C.; Austin; Atlanta; Dallas; and San Diego. Total sales recently passed $2 million.

“We are thrilled to have Jason and the Launch Syndicate’s support as we will be able to improve upon and scale our service offerings which will allow us to increase our ability to add value to and improve the lives of our customers and certified Loopie washers,” Lee said in a news release.

The Launch Syndicate is made up of more than 100 experienced angel investors and provides strategic mentorship and funding to early stage startups. Over the past decade the group has supported more than 300 startups.

Prior to the Launch Syndicate investment, Loopie had already raised more than $2 million. Other backers include Hyphen Capital, 37 Angels, Band of Angels, Elevate Capital, and the TiE angels. The company also received a $75,000 equity investment as winners of the Software/Tech Enabled category at the Pitch Oregon startup competition in February.

Loopie has grown to 40 employees and a large network of washers/drivers.

See also  Seattle beanless coffee brewer Atomo raises $40M and begins selling its sustainable brews online

Hi, I'm Vikky Penn, currently working on msiu.info. This is my personal Blog, where I will share the tips and knowledge that I have learned. If you have any questions, please contact me at Email: [email protected]! Thank you !

Related Posts

Sea.citi merges with WTIA in combination of two civic-focused tech industry nonprofits in Seattle

Former Seattle Mayor Jenny Durkan announced the launch of Sea.citi in 2018. (GeekWire File Photo / Monica Nickelsburg) Sea.citi, a nonprofit that launched in 2018 with the…

Survey: 88% of U.S. startup leaders worried about fundraising, signaling slower growth ahead

Qualtrics / Delighted Graphic New research published Monday quantifies the growing sense of caution among U.S. startup leaders, as economic turmoil creates concerns about cash, and causes…

About to take early stage startup job? Amid concern of downturn, CEO says to ask these hard questions

Kieran Snyder of Textio at the 2019 GeekWire Awards. (GeekWire File Photo) In addition to the usual questions about pay and benefits and culture and so on,…

Why this Florida venture capitalist is touring Seattle’s tech scene

Pablo Casilimas. (Photos courtesy of Casimilias) When Pablo Casilimas gave his girlfriend, a travel nurse, a list of cities he would prefer to live in, he put…

Maveron raises $225M for its 8th fund to back more consumer-focused startups

The Maveron team. (Maveron Photo) The news: Maveron, a venture capital firm founded 24 years ago that invests in consumer-oriented startups, raised $225 million for its eighth…

Tech Moves: Flying Fish adds investor to lead new Canada office; Panopto, magniX hire CEOs

Tiffany Linke-Boyko. (Flying Fish Photo) — Flying Fish hired Tiffany Linke-Boyko as principal to lead a new Alberta hub, its first office outside of Seattle. The firm…

Leave a Reply

Your email address will not be published.