Online laundry app successfully crowdfunds over £276,000
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 to 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.
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.
Nadeem Abbas, CEO and founder of Love2Laundry, described the crowdfunding campaign as “exciting” and praised the support it generated.
He said: “We would like to thank all of our amazing customers and supporters who have invested with us in the recent crowdfunding campaign.
“We are super thrilled and motivated to know that we have such amazing and loyal customers who believe in what we are doing and our vision, it has even further motivated us (if possible) to reach even higher heights and succeed even further than we were already planning!
“This is another exciting step in our journey as we continue onwards and upwards.”
Globally, laundry and dry-cleaning services are worth $104 billion. By the year 2030, the global online laundry services market is expected to reach $221.05 billion.
Love2Laundry is helping to reinvent the traditional laundry space by providing an on-demand, five-star, low-emission laundry & dry-cleaning service.
To learn more about Love2Laundry, visit the company website here.
Download Love2Laundry’s free mobile app for iOS and Android here.
To view Love2Laundry’s crowdfunding campaign on Crowdcube, visit the website here.
Love2Laundry is London’s leading commercial laundry service. The company covers London, Manchester, Birmingham, Bolton and Bury.
Love2Laundry collects, cleans and returns laundry at a time and location of your choice.
Love2Laundry also provides ironing services across London, as well as dry cleaning, shoe repairs, upholstery cleaning and alterations.
Love2Laundry provides corporate laundry & dry cleaning services for numerous companies across multiple sectors, including Airbnb businesses, hotels, restaurants, salons, offices, schools, and other commercial venues.
Love2Laundry also operates a linen service, where customers can hire bedding sets, towels, bath mats, kitchen cloths and toiletries including shampoo, shower gels, body lotions, conditioners and soap.
Love2Laundry has a loyalty point system. For every pound you spend with Love2Laundry, you get one point. When you reach 500 points, you will receive a £10 discount to use on future orders; or every 100 points you earn will great a £2 discount.
Quick, reliable and affordable service
Love2Laundry offers free same-day collection and delivery in 24 hours. The company’s professional laundry services are perfect for busy families and individuals with hectic lifestyles, as it automates those household chores and leaves you with more free time.
Love2Laundry’s services are affordable. E.g. the ‘wash, dry, and fold’ package starts from £2.65 per kg. See the prices here.
Love2Laundry offers a monthly laundry package, which includes one 8kg wash per week for up to 4 weeks.
Helping the environment
Love2Laundry’s service reduces environmental impact by efficient centralised washing. The company has an electric fleet which does pickups and drop-offs across London – this helps to reduce carbon emissions.
To contact Love2Laundry, call 0203 600 0296 for a quote or email info@love2laundry.com.
Alternatively, contact Love2Laundry via their website here.
To learn more about Love2Laundry, visit the company website here.
