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Rinse raises $14M in Series B funding to bring its laundry pick-up nationwide

Rinse, the San Francisco-based dry cleaning and laundry delivery service, has closed a $14M Series B round of funding. This comes after a $6M Series A last year, meaning the startup has now raised about $23.5M in three rounds. The round is being led by Partech Ventures, with participation from existing investors including Javelin Ventures, Arena Ventures, Accelerator Ventures, and Structure Capital. Rinse was started in 2013, at the height of the on-demand boom. At the time companies like Washio (which is now shut down) offered to pick up your dry cleaning within an hour and return it the next day. But Rinse had a different model. Sticking to the belief that no one really needed their dry cleaning picked up within an hour, Rinse focused on nightly pickups between 8-10pm with standard return times (unless you wanted to pay extra for faster service).

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