Rinse Announces $23M Series D Financing Led by LG Investors

Gunderson Dettmer represented long-time client Rinse, an operator of laundry and dry cleaning delivery service, in its $23 million Series D financing led by LG Investors. Rinse’s platform features smart scheduling for pickups and deliveries, alongside high-quality cleaning managed through a technology platform. The new capital will be used to scale Rinse’s growth and development.

In the announcement of the transaction, CEO and co-founder Ajay Prakash said, "The way people manage everyday tasks is evolving—consumers are seeking seamless, tech-enabled solutions that make life easier. Rinse was built to modernize an essential but traditionally inconvenient chore. With this latest investment, we’re well on our way to becoming a household name and the leader in all laundry outside the home."

The Gunderson deal team was led by Joe Raffetto and included Claudia Renert, Maurice Osei and Yue Yang.

Companies
Rinse
LG Investors