Spanish laundry startup Mr Jeff raises €10.4 million with plans to expand into 30 countries in 2019

MrJeff

Too busy to do laundry? Download Mr Jeff‘s app and have your clothes picked up, washed, and returned to you all within 48 hours. Founded in 2016 in Madrid, the startup closed 2018 with 1,000 franchises in seven countries, and began 2019 by raising a €10.4 million Series A financing round led by All Iron Ventures and Addventure Fund.

Through its app or online, Mr Jeff’s clients can choose when and where they want the order to be picked up, and in less than 48 hours they will receive their clean and ironed clothes. The startup offers solutions for all types of customer profiles, from on-demand services, to price plans and monthly subscriptions for recurring users.

Mr Jeff was founded by three Spanish entrepreneurs, Eloi Gómez, Adrián Lorenzo and Rubén Muñoz – who were all under the age of 25 when they started the business. Its team has experienced exponential growth and currently has more than 150 direct employees and more than 2,400 indirect employees. With the new funding, the founding team plans to consolidate its presence in existing markets, expand into new markets, and hire more team members internationally.

Last time we introduced you to Mr Jeff was in the beginning of last year, when we crowned them as one of 10 Spanish startups to watch in 2018. Looks like we were on to something!

The startup has big ambitions for 2019, expecting to expand its operations into 30 countries. In the short term, Mr Jeff plans to finish conquering the Latin American market by expanding its operations in Panama, Costa Rica and Uruguay, and to start branching into Asian markets.

“This important Series A demonstrates the consolidation of the business model and the support of the team that is part of Mr Jeff,” said Eloi Gómez, CEO and co-founder. “Our good results have been key to us gaining, once again, the confidence of investors, we have shown that the business model and the network of franchises, Mr Jeff, is a validated project in a strategic sector and that allows the opportunity to create a replicable model in fragmented industries.”

Gómez added: “The investors who trust Mr Jeff are mostly entrepreneurs who have already succeeded with their companies and who recognize that our project has the necessary tools to achieve success.”

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