Popular UK laundry company Love2Laundry has successfully raised over £276,000 for its online laundry app using Crowdcube’s crowdfunding platform.
In 2017, Love2Laundry turned to Crowdcube to raise some external investment and help them grow into a larger established business. Crowdfunding was also an exciting way for Love2Laundry to give their customers the first opportunity be a part of the business.
The initial target for crowdfunding in 2017 was £150,000, and the company ended up raising £186,000.
In 2022, which was round two of the crowdfunding campaign, Love2Laundry set out to raise a target of £250,000. The company successfully raised £276,000.
Currently, the total amount raised on Crowdcube is £276,674.05. 102 investors pitched in to invest in Love2Laundry, which helped smash the company’s fundraising targets.
Offering laundry and dry-cleaning services on-demand, Love2Laundry makes it easy for consumers to have their dry cleaning done with its efficient collect, clean and return service.
Love2Laundry began its online laundry app back in 2014 when the concept of ‘Uber style’ business models were primitive. The app quickly took off, becoming one of the most popular laundry collection apps in London.
Love2Laundry Delivery Van London, Copyright techrete.com
Since its launch, Love2Laundry has received over 180,000 orders. In the last 12 months, the company has experienced significant growth, increasing from 13,000 to 24,000 online orders. The company has 25,000 active customers and over 2,800 five-star reviews on Trustpilot.
Love2Laundry serves 5 major cities in the UK and has also expanded internationally, now covering Ireland, Netherlands, Dubai, Bahrain, Kuwait and Lahore.
Laundry services are a necessity, which is why Love2Laundry is working towards making their services accessible, efficient and affordable to all- saving time, money and energy.
