Tech

Oxwash raises £10m for space-inspired laundry service

Oxwash funding

Oxford-headquartered startup Oxwash has received £10m in Series A funding for its on-demand laundry service that uses chemical-free wet cleaning inspired by technology used in space.

Former NASA scientist Dr Kyle Grant founded Oxwash with Tom de Wilton in 2017 after becoming fed up with “unreliable” washing machines on the University of Oxford’s campus.

The pair developed a solution that uses “ozone technology” to deodorise and sanitise clothes at lower temperatures – a method typically used in hospital sterilisation and during space missions.

It also uses biodegradable chemistry formulations that Oxwash says provide “higher than medical-grade disinfection”.

Customers can call Oxwash’s delivery fleet – consisting of electric cargo bikes, electric vans and delivery service DPD – to collect laundry.

With the fresh funding, Oxwash plans to construct a washing facility to cater to clients across the UK and expand the service to the US. To date, it has raised £15.7m.

“This new funding will be used primarily to develop our technology and invest deeply into the complete decarbonisation of our proprietary washing process,” said Dr Kyle Grant, chief executive, Oxwash.

“Up to 30% will be used for expanding our software technology capabilities, 30% for the deployment of our nationwide processing facility and the remainder for business development and growth.”

The Oxford and London-based startup is also looking into different drying methods that use soundwaves instead of heat and robotics.

Untitled VC led Oxwash’s Series A round, alongside Twitter co-founder Biz Stone, Indeed founder Paul Forster, as well as Holly and Sam Branson amongst others.

Oxwash also received funding from Magnus Rausing, investor and heir to the Tetra Pak fortune.

The startup currently services London, Oxford, Cambridge, Bristol and Manchester, employing more than 80 people. Clients include the NHS and the Marriott Hotel Group.

“Oxwash is a perfect example of a company that is using advanced technology to improve the product while making the world a better place at the same time,” said Magnus Rausing, general partner, Untitled VC.

According to the startup, it has “achieved operational profitability” on its current three washing facilities.

Last July Oxwash raised £2m in an extension to its seed funding round.

Source uktech.news

Related posts

UK AI investment reaches record $3.6bn despite economic downturn

Cynthia Danforth

Masayoshi Son to devote himself to ‘explosive growth’ of Arm

Cynthia Danforth

UK fintech investment plummeted compared to last year

Cynthia Danforth

Leave a Comment