Spinning laundry sustainably Oxwash picks up €11.7 million and earns B Corp certification
Summary
Today’s newly announced Series A round, totalling about €11.7 million was led by Untitled VC, the investment firm founded by lead partners Magnus Rausing (Tetra Pak) and Bertie Crawley (ZuluForest). Founded in 2017 by ex-NASA scientist and Forbes’s Europe’s 30 under 30 alumni, Dr Kyle Grant and Oxford engineer Tom de Wilton, Oxwash utilizes space-age technology to provide customers with a highly convenient service – that doesn’t destroy the planet. Intent on driving towards net-zero carbon emissions to eliminate the environmental impact of existing laundry and dry cleaning processes, the funding will be used to fuel its mission to widen its national footprint – with plans to build a giant facility with the ability to service clients up and down the country. By continuing to invest in innovation and bringing the service to more people, there is a huge opportunity here to scale up and take on the traditional laundry sector.” Oxwash is also eyeing expansion into the USA in the near future. Now employing over 80 people, Oxwash is projecting a 50% increase in headcount in the next year, and is on the hunt for top talent to help the service expand nationwide beyond its existing operations in London, Oxford, and Cambridge.