Rinsed

Rinsed

CRM platform for car wash businesses

About Rinsed

Simplify's Rating
Why Rinsed is rated
B+
Rated B on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Consumer Software

Enterprise Software

Company Size

51-200

Company Stage

Series B

Total Funding

$38M

Headquarters

New York City, New York

Founded

2019

Overview

Rinsed provides a Customer Relationship Management (CRM) platform tailored for car wash businesses. The platform helps car wash owners manage and grow their memberships, reduce customer churn, and improve customer engagement through automated and personalized features. It integrates with existing Point of Sale (POS) systems, offering a comprehensive solution to increase subscription revenue. Rinsed caters to a range of car wash businesses, from small operators to large chains, primarily in the United States. The company operates on a subscription model, where clients pay for access to the CRM and its tools, which have shown to deliver a strong return on investment. Additionally, Rinsed has enhanced its services by acquiring Ignite Wash, a platform aimed at car wash salespeople, further increasing its value to customers.

YC Company
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Simplify's Take

What believers are saying

  • AI-driven analytics enhance customer engagement and reduce churn for car wash businesses.
  • Growing demand for contactless services offers Rinsed opportunities for CRM integration.
  • 5G technology expansion boosts Rinsed's real-time data processing and customer experience.

What critics are saying

  • Emerging CRM platforms for niche markets threaten Rinsed's market share.
  • Technical challenges in Ignite Wash integration may disrupt service continuity.
  • Economic downturns could reduce investment in car wash services, impacting revenue.

What makes Rinsed unique

  • Rinsed specializes in CRM solutions exclusively for car wash businesses.
  • The platform integrates seamlessly with existing POS systems for enhanced functionality.
  • Rinsed's acquisition of Ignite Wash strengthens its sales and customer engagement capabilities.

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Funding

Total Funding

$38M

Below

Industry Average

Funded Over

3 Rounds

Notable Investors:
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
Below Average

Industry standards

$35M
$30M
Patreon
$45M
Linktree
$65M
Substack
$100M
ClickUp

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Unlimited Paid Time Off

Stock Options

Growth & Insights and Company News

Headcount

6 month growth

-2%

1 year growth

-1%

2 year growth

6%
CityBiz
May 8th, 2024
Rinsed Acquires Ignite to Boost Sales

Rinsed, a leading car wash CRM platform, has acquired Ignite Wash, a platform enhancing sales interactions at car washes. This acquisition aims to improve customer engagement and increase revenue by providing tools for real-time performance monitoring and sales management. Ignite's integration will help Rinsed expand its services, ensuring consistent and excellent customer experiences at car washes.

Car Wash
May 7th, 2024
Rinsed Acquires Ignite Wash, Boosts CRM

Rinsed has acquired the carwash salesperson platform Ignite Wash, aiming to enhance customer interactions and increase revenue for carwash operators. Ignite Wash provides tools for real-time monitoring and management of sales interactions, which can significantly boost sales conversion rates. This acquisition will integrate Ignite's capabilities into Rinsed's CRM platform, which currently serves over 7.5 million members across 2,600 carwashes.

PR Newswire
Apr 25th, 2023
Rinsed, The Car Wash CRM, announces $20 million in Series B financing from VMG Technology

/PRNewswire/ -- Rinsed, The Car Wash CRM, today announced a $20 million Series B investment from VMG Technology. Rinsed helps car washes of all sizes delight...

Finsmes
May 6th, 2022
Rinsed Raises $12M In Series A Funding

Rinsed, a New York-based provider of a car wash CRM system, raised $12M in Series A funding. The round was led by Bedrock Capital and Founders Fund. Eric Stromberg, co-founder and Managing Partner of Bedrock Capital, will be joining the board as part of this transaction. The company intends to use the funds continue growing its [] The post Rinsed Raises $12M in Series A Funding appeared first on FinSMEs.

PR Newswire
May 2nd, 2022
Rinsed, the car wash CRM, announces $12 Million in Series A financing from Bedrock Capital and Founders Fund

/PRNewswire/ -- Rinsed, the car wash CRM, today announced it raised $12 million in Series A financing from Bedrock Capital and Founders Fund. Rinsed helps car...

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