Laundrygo has officially announced that they have closed a $37 million Series C funding round that was led by private equity firm H&Q Korea, with participation from returning investors SoftBank Ventures, Altos Ventures and Aju IB.
The round also included a number of new investors, such as KB Securities, Hanwha Securities, Badgers Investment and Pebbles Investment and strategic investor Musinsa, a Korean fashion platform.
Terms of the deal are confidential, according to TechCrunch.
The brand also owns LaundryX, an AI-powered laundry screening system, which automatically sorts laundry.
