Overview

Cents provides software solutions specifically designed for laundromat businesses. Its platform helps laundromat owners streamline their operations and manage their businesses more effectively. One of the key features is pickup and delivery management, which allows owners to offer these services without needing their own drivers or insurance, potentially increasing business volume by 20%. The software consolidates all business data onto a single platform, making it easier for owners to oversee their operations. The user-friendly interface is accessible even for those who are not tech-savvy. Cents also prides itself on its exceptional customer support, assisting clients in achieving their business goals. Unlike many competitors, Cents focuses solely on the unique needs of laundromats, providing tailored solutions that help owners save money and grow their services. The company's goal is to empower laundromat owners to enhance their operations and expand their offerings.

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Simplify's Take

What believers are saying

• Cents raised $40M in Series B funding, boosting its growth potential.
• Partnerships with Uber, DoorDash, and Gopuff enhance delivery services for laundromat owners.
• Integration with Reserve with Google increases visibility and customer acquisition for laundromats.

What critics are saying

• Increased competition from platforms like CleanCloud and LaundryCard threatens market share.
• Integration of third-party delivery services may lead to increased costs for laundromat owners.
• Acquisition of Starchup Inc. may cause integration challenges and service disruptions.

What makes Cents unique

• Cents integrates payments, employee management, and machine tracking for laundromats and dry cleaners.
• The platform offers pickup and delivery management, increasing business volume by 20%.
• Cents provides industry-leading customer support, enhancing client satisfaction and business growth.

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Funding

Total Funding

$45M

Above

Industry Average

Funded Over

2 Rounds

Notable Investors:

Bessemer Venture PartnersTiger Global

Notable Investors:

Bessemer Venture PartnersTiger Global

$40,000,000

Series B

Jul 2024

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.

Series B Funding Comparison

Above Average

Industry standards

Ind Avg. $35M

$4M

$30M

$40M

$45M

$65M

$100M

View all funding stages