Laundry app Zipjet raises funding from Henkel and appliance maker BSH

Zipjet, an on-demand laundry and dry-cleaning service, has secured fresh financing from Henkel Ventures, the investment arm of chemicals giant Henkel, and home appliance manufacturer BSH Home Appliances Group, with participation from Amsterdam Venture Partners.

This latest tranche of funding is an extension to the Berlin-based startup’s Series B round but it has not disclosed any figures.

The new funds will be invested in product and business development in its core markets of London, Paris, and Berlin, and expanding its data science and marketing operations. According to the company, it has seen its revenues grow 40% year-on-year.

BSH and Henkel are key players in the industry that Zipjet serves. BSH manufactures appliances like washing machines while Henkel makes laundry detergent.

Florian Färber, managing director of Zipjet, told that the startup will explore deals with the investors that include integrating Zipjet into their services or licensing its logistics software.

“This investment is about much more than money, it’s a strategic play with some of the world’s largest producers of washing machines and detergents,” he said. “We will be able to collaborate on several projects, enabling us to service more customers and develop our product offering.”

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