Tech
Here’s an exclusive look at the pitch deck laundry startup Oxwash used to persuade Twitter cofounder Biz Stone to invest
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- Twitter cofounder Biz Stone has invested in Oxwash – a high-tech laundry startup based in the UK.
- The “space age” tech firm promises a more environmentally sound approach to laundry – and already counts the likes of Marriott Hotels and the London Marathon among its customers.
- Oxwash cofounder and CEO Kyle Grant spent two years at NASA where he studied the role of microparticles in space travel.
- We got an exclusive look at the pitch deck Oxwash used to raise $2 million in funding.
- Visit Business Insider’s homepage for more stories.
Oxwash, the laundry startup working to disrupt the way we wash our clothes, has raised $2 million in a funding round backed by Twitter cofounder Biz Stone.
Launched in 2018, Oxwash currently has more than 4,000 customers, and provides its high-tech washing services to big names like the Marriott Hotel chain, the London Marathon, and the universities of Oxford and Cambridge.
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The firm aims to make laundry more environmentally friendly, citing research showing every load of laundry currently processed uses 80 litres of water, and releases 7lbs of CO2 – and a million microfibre particles into the environment.
Kyle Grant, the firm’s CEO and cofounder, is an ex-NASA engineer, who spent two years as a systems engineer researching how microorganisms might be used to improve space travel.
He is building a Deliveroo-style system to ferry customers’ laundry to and from their planned regional “washing hubs”, where their clothes will be washed in a more environmentally way, utilizing oxidization rather than heat to remove microfibre particles, and a new filtration system that reduces water consumption.
Speaking to TechCrunch about the fundraising round, he said: “Washing still has crazy carbon emissions, pollution and collection/delivery services cause large amounts of congestion.”
He added: “We saw a way to re-engineer the laundry process from the ground up and to be the first truly sustainable, space-age laundry company in the world.”
We got an exclusive look at the pitch deck Oxwash used in ther funding round:
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