Tumble Smart Laundry, a San Francisco, CA-based smart laundry technology platform, raised $7M in Seed funding.
The round was led by Hivers and Strivers, with participation from Array Ventures, Western Technology Investment, PenFed Foundation, Zag Capital, Richard Dalzell, and Rich Heise. Tumble also secured $1.5 million in venture debt from WTI.
The company intends to use the funds to scale its proprietary software platform–powering an all-digital experience from cashless payment to cycle tracking and machine security–to serve rental properties and residents nationwide.
Led by CEO Scott Patterson and CTO Bob Wall, Tumble is a smart laundry technology platform that offers an all digital experience from cashless payment to cycle tracking and machine security. To use it, residents download the app, add balance to their wallet, choose their location and connect to Tumble’s washer and dryers. They can also pay, track and lock their machines, getting notifications once the cycle is complete. Tumble’s key features include: Cashless Payment, Machine Availability, Cycle Tracking, Locking Mechanism, Push Notifications, Predictive Maintenance.
Tumble currently services California, with expansion plans for Chicago and NYC in 2023. It is currently in thousands of units managed by leading property management companies including: 2B Living, Veritas Investments Inc., FPI Management, Moss & Company, AMC Management LLC, Rainey Property Management, Shomof Group, GreenTree Property Management, Mosser Structure Properties, R.A. Snyder, AWI Management, Q10 Property Advisors, to name a few.
FinSMEs
05/10/2022