Oxwash, an Oxford, UK-based green tech startup, raised additional £2.08m ($3M) in seed funding.
Backers included:
- Future Positive Capital (NYC/SF);
- Clean Ventures (NYC),
- Conduit-Ascension EIS Impact Fund,
- Holly Branson, Chief Purpose & Vision Officer Virgin Group
- Sam Branson, Filmmaker, Musician & Philanthropist,
- Pentland Group (Berghaus and Speedo),
- Leon Lewis (River Island), and
- Paul Forster, founder of Indeed.com.
The company, which has raised £5.2M ($7M) to date, intends to use the funds to expand the team, invest in proprietary technology and accelerate plans for national expansion.
Founded in 2018 by ex-NASA scientist and Forbes’s Europe’s 30 under 30 alumni, Dr Kyle Grant and Oxford engineer Tom de Wilson, Oxwash provides a sustainable on-demand laundry service aiming to achieve net zero carbon emissions for the whole process, from collection, through washing, back to delivery.
The company uses water-saving ozone technology to sterilize fabrics at lower temperatures, thermal and biodegradable chemical processes to achieve higher than medical-grade disinfection, dissolvable laundry bags, along with electric cargo bikes for hyper local pickups and deliveries.
The company now has more than 8000 individual customers, alongside clients such as the Marriott Hotel Group, Hurr Collective and the NHS.
As part of the funding round, Oxwash took part in Collective Impact, a five-week investment readiness program, delivered by Crowdcube and Virgin StartUp, the not-for-profit entrepreneurial arm of the Virgin Group, designed specifically for purpose-led businesses.
Oxwash previously secured £2M from Reckitt, TrueSight Ventures, Founders Factory and Twitter’s Biz Stone.
FinSMEs
21/06/2021