In a 2019 Startup Highlight with Startup, Loopie Laundry founder and CEO John Vincent Lee described his new peer-to-peer garments washing startup as “Uber for laundry.” That description appears to have caught the eye of 1 new investor.
Startup investor and entrepreneur Jason Calacanis and his angel investing membership the Launch Syndicate are placing almost $1 million into Loopie. Calacanis is well-known for his $25,000 backing of Uber within the early days of the ride-hailing firm. He additionally invested early in Robinhood, Calm, and Thumbtack.
Loopie was began in 2018 by Lee as a cellular app laundromat geared toward connecting individuals who don’t have the time or need to take care of their very own soiled laundry with individuals who can wash and dry at residence and earn cash doing it.
The startup has grown past Seattle to 9 different U.S. cities together with Portland; Denver; Chicago; Washington, D.C.; Austin; Atlanta; Dallas; and San Diego. Whole gross sales lately handed $2 million.
“We’re thrilled to have Jason and the Launch Syndicate’s help as we will enhance upon and scale our service choices which can permit us to extend our potential so as to add worth to and enhance the lives of our clients and licensed Loopie washers,” Lee mentioned in a information launch.
The Launch Syndicate is made up of greater than 100 skilled angel buyers and supplies strategic mentorship and funding to early stage startups. Over the previous decade the group has supported greater than 300 startups.
Previous to the Launch Syndicate funding, Loopie had already raised greater than $2 million. Different backers embody Hyphen Capital, 37 Angels, Band of Angels, Elevate Capital, and the TiE angels. The corporate additionally acquired a $75,000 fairness funding as winners of the Software program/Tech Enabled class on the Pitch Oregon startup competitors in February.
Loopie has grown to 40 workers and a big community of washers/drivers.