Valencia-based Jeff raises €17.4 million and confirms launch in the US
Summary
Investment secured during this round will be used to kickstart the launch of Jeff operations in the United States and the opening of its first office in New York in January, the consolidation of its current markets and the development of its technological product for the entrepreneurs in the Jeff network.The startups recent funding round was also participated in by renowned entrepreneur Javier Rubio through Alcor Ocean S.L. The startup also gained new partners in the round, including INNVIERTE, CDTI investment vehicle, as well as angels, such as the growth fund of Juan Roig (president and majority owner of Spanish supermarket giant Mercadona). Existing partners who continue to support the project include the Gomez Trenor Family through Nalpa S.L, and Addventure Venture Capital fund, among others.Faced with the current situation caused by the pandemic, the Jeff team is very proud of this financing round which demonstrates the trust placed by our investors in the project. Throughout the year, professionals such as Marc Vicente (former COO of Rakuten Europe and Cdiscount), Carlos Vidal, (former VP of Orangetheory Fitness and Dunkin Donuts), and Javier Pelayo (former VP of Marco Aldany and co-founder of Pressto) have joined the company.In August 2018 Jeff acquired Lava e Leva, the largest laundry franchise in Brazil with more than 350 points of sale. Finally, in March of this year the launch of the fourth business line to date, Relax Jeff, was announced.