RB Ventures invests in Oxwash

Oxwash co-founder and majority owner Kyle Grant told Unquote sister publication Mergermarket in May 2020 that the company planned to raise £4-6m in a series-A within 12-18 months.

The capital will be used to support Oxwash's recent launch in London, as well as to invest further into its proprietary technology platform that powers its logistics and washing facilities. The startup plans to expand in North America and Europe in the next 12-18 months.

Fabrice Beaulieu, RB's executive vice-president of marketing excellence and category development organisation hygiene, will be taking a position on the Oxwash board in connection with the deal.

Previous funding
In May 2020, TrueSight Ventures, IFG.VC, Founders Factory and angel investors Serge Chiaramonte, Paul Forster and Biz Stone invested £1.4m in the company.

Company
Oxford-based Oxwash is a laundry and dry-cleaning startup. Founded in 2017 by former Nasa scientist Kyle Grant, Oxwash is using technology and methods that are aiming towards net zero carbon emissions, according to a statement.

People
Oxwash – Kyle Grant (founder).

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• UK / Ireland
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