Tech-enabled dry cleaning and laundry service Rinse, where we’re investors, recently announced its $6M Series A round led by Javelin Venture Partners. The round, where we also participated, was completed a few months ago but the announcement took place this week.
Rinse was co-founded by my friend and former classmate Ajay Prakash and his co-founder James Joun. Since its 2013 launch in San Francisco, the company has also expanded to Los Angeles. I wrote about Rinse’s learnings from launching a new city in an earlier post.
Together with the new funding round, Rinse has the opportunity to apply these learnings to launch more new cities in the future. We’re very fortunate to be onboard, and look forward to following the company’s progress.
Also published on Medium.