Oxford-based Oxwash raises £10m

Published by

Stephen Emerson

Oxwash, the award-winning sustainable laundry pioneers, has raised £10m to accelerate its decarbonisation of the washing industry.

The round was led by UNTITLED, the investment firm founded by lead partners Magnus Rausing (Tetra Pak) and Bertie C. (ZuluForest).

Operating from its headquarters in Oxford, the start-up uses electric bikes for washing deliveries and pickups, water-saving technology to clean clothes at lower temperatures, and dissolvable laundry bags

Oxwash founder, Kyle Grant, said: "We will be investing deeply into developing our technology to achieve the complete decarbonisation of our proprietary washing process. We're laser-focussed on achieving net-zero carbon emissions and the elimination of environmental impact in the laundry and dry cleaning industry. This new funding will be used to fuel our mission to widen our national footprint ahead of our expansion into the USA.

"Starting a business just before a global pandemic and economic crisis is no one’s ideal plan. Through constant innovation, the quadrupling of our revenue and gymnastics over the past 12 months, we are thrilled to have the backing of such an incredible team of investors."

New investors in the round include 8 Dimension Ventures, SCM (Ukraine’s largest VC Fund), and Khimji Ramdas LLC. Long standing supporter Biz Stone, co-founder of Twitter, also returned for the round, as did Indeed.com founder Paul Forster, Holly Branson and Sam Branson, Reckitt venture arm Access VC, Pentland Brands Group, Ascension, Vala Capital, and TrueSight Ventures.round was led by UNTITLED, the investment firm founded by lead partners Magnus Rausing (Tetra Pak) and Bertie C. (ZuluForest).

Stephen Emerson

Stephen Emerson is the Managing Editor of The Business Magazine and is responsible for the publication's print publications and online properties including the newly launched Biz News websites in Hampshire and Dorset. Stephen has been a journalist for 20 years and has worked at local, regional and national publications and led a team which made The Scotsman website one of the fastest growing news sites in the UK with over eight million monthly users. He has a keen interest in technology, property and corporate finance and telling the stories of the people behind the successful firms in these sectors.