Alexander Jekowsky and team posting a masterclass on vertical SaaS and the critical nature of operating software enabling AI as opposed to AI killing software! Congrats guys - proud to be a small part of the journey!
Today, I am filled with pride to share that Cents is announcing our $140M Series C raise, led by Sumeru Equity Partners with participation from our Series B lead investors, Camber Creek! Our Series C marks the largest tech investment ever made in the history of the laundry industry. This announcement is not just a celebration of our milestone. It is a testament to the health of our industry and an indisputable message that Cents is doubling down on supporting entrepreneurs and the fundamentals of what building a great business is all about. Check out our announcement and my love letter to our industry: https://lnkd.in/eNDHt-52 Thanks to Axios for covering the milestone:https://lnkd.in/e8dd4PSw We would not be here without the support of our customers, team, and the support of our earliest and newest advisors and investors. We're just getting started! Sanjeet Mitra, Chris Litster, Nathan Stanley, and Sumeru Equity Partners, Kent Bennett and Bessemer Venture Partners, Alexandra Nicoletti and Camber Creek, Vincent Monti and Tiger Global, Pramod Dabir, Chase Gilbert, Jason T. Ordway, Carey Dorman, Alex Auerbach Ph.D., Matthew Tucker, Kenny Herman, William Gaybrick, Sam Pillar, Jonathan Vassil, Steve Fredette, Christopher Petkas, Codie A. Sanchez, Spencer Krug and RiverPark , Tyler Carrico, Matias Barbero, Fabrice Grinda, Henri Deshays and Newfund, Oded Hermoni, Danielle Strachman, Michael Patrick Gibson, Matthew Schneider and Ali Hawkins Pfitzenmaier, Jason Guss, Rachael Ferm and Alumni Ventures.
Love to hear stories like this from the Laundry community. This is a fascinating space that has not had the tech focus like many other industries. Good news is that these Laundry customers have 'last mover advantage'. They can leap frog the last 20 years and go straight to a cloud native/AI enabled platform. Congrats to the Cents team!