Cents
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Investors
About
Cents is a fully integrated software, hardware, and payments technology platform for the laundry industry 1. The company combines AI-native business management software, proprietary hardware, and integrated payments, serving over 4,500 laundromat locations across the U.S. and processing $1 billion in payments annually 1. The Series C round is the largest single software investment in the laundry vertical to date 1.
Funding History
| Date | Round | Amount | Lead | Co-investors |
|---|---|---|---|---|
| 2021-02-15 | Seed | $4.25M | Bessemer Venture Partners | Newfund Capital, Riverpark Ventures, 1517 Fund, Jason Finger 23 |
| 2024-08-08 | Series B | $40M | Camber Creek | Bessemer Venture Partners, Tiger Global, Tech Pioneer Fund, RADV, Derive Ventures, Alumni Ventures, Toast, Jobber, Squarespace, Stripe 4 |
| 2026-03-26 | Series C | $140M | Sumeru Equity Partners | Camber Creek 1 |
What Investors Say
No independently sourced investor quotes found.
What Founders Say
No independently sourced founder testimonials found.
Sources
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“Cents Raises $140 Million from Sumeru Equity Partners to Support and Drive Innovation for Laundry SMBs,” PR Newswire, March 26, 2026. https://www.prnewswire.com/news-releases/cents-raises-140-million-from-sumeru-equity-partners-to-support-and-drive-innovation-for-laundry-smbs-302725686.html↩↩↩↩
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Cents company press release, “Cents Announces $4.25M Fundraising Round,” accessed July 2026. https://www.trycents.com/news/cents-announces-4.25m-fundraising-round↩
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Crunchbase, “Seed Round — Cents — 2020-11-01,” accessed July 2026. https://www.crunchbase.com/funding_round/cents-ba2f-seed–fe92f668↩
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Commercial Observer, “Cents, a Proptech Firm Aimed at the Garment Industry, Sews Up $40M,” August 8, 2024, accessed July 2026. https://commercialobserver.com/2024/08/cents-proptech-laundry/↩