[ Rinse raises $14M in Series B ]
Rinse has raised $14 million in Series B funding.
Founded in 2013, Rinse is a clothing care providing company that allows users to get online based dry cleaning, laundry and other garment services.
The new funding follows a strong year for the company which has seen double-digit month-over-month revenue growth since its launch in 2013. The fresh money will be used to fuel expansion to several new markets, including Chicago, Boston, Houston, Dallas, Austin, Seattle, Miami, San Diego, Denver, and New York. As part of the financing, Nicolas El Baze from Partech Ventures has joined the Rinse Board of Directors.
|City||San Francisco, California|
|Founder / CEO||Ajay Prakash|
|Previous Investors||same as above except Partech Ventures, Javelin Ventures|
|EVC Thirty One Holdings|
|Expansion Venture Capital|
|ff Venture Capital|
|Great Oaks Venture Capital|
|Javelin Venture Partners|
|Marc Bell Ventures|
|Otter Rock Capital|