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Laundrygo Raises $37 Million in Series C Round

Laundrygo

Laundrygo has officially announced that they have closed a $37 million Series C funding round that was led by private equity firm H&Q Korea, with participation from returning investors SoftBank Ventures, Altos Ventures and Aju IB.

The round also included a number of new investors, such as KB Securities, Hanwha Securities, Badgers Investment and Pebbles Investment and strategic investor Musinsa, a Korean fashion platform.

Terms of the deal are confidential, according to TechCrunch.

The brand also owns LaundryX, an AI-powered laundry screening system, which automatically sorts laundry.

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