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Cents Closes $40M Series B Funding Round

cents
  • August 18, 2024
  • Insights, Saas

Cents, a SaaS-based business management platform for the garment care industry, secured $40 million in Series B funding, bringing its total funding to over $77 million. The platform, which serves laundromats, dry cleaners, and shared laundry facilities, plans to use the funds to expand its technology offerings and customer base, having already powered over 2,700 retail laundries and 3,500 shared laundry rooms in the U.S. Additionally, Cents acquired Laundroworks to enhance its hardware product line, reinforcing its position as a leader in the garment care sector.

Cents Closes $40M Series B Funding Round

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