Zipjet announces increased investment from Henkel

Further investment enables Zipjet to consolidate position as European market leader

Zipjet, the on-demand laundry and dry cleaning service, today announces that existingshareholder Henkel increased its total investment in the business. Henkel’s Laundry & HomeCare business unit has been a strategic investor in the startup since August 2016.

After its initial launch in London in November 2014, the laundry startup has since cleaned up in Berlin and Paris, with expansions in January 2015 and May 2016 respectively. Backed by Rocket Internet, venture capital firm btov and a series of strategic investors, Zipjet is now keen to further consolidate its position in continental Europe.

Zipjet’s Co-Founder & Managing Director, Florian Färber, said: ‘’We are delighted to announce Henkel’s decision to increase their investment. This development demonstrates that our investors are confident about Zipjet’s prospects and excited by our ambitious growth plans for this year. With the additional investment we will continue to strengthen our position in Europe, invest more in improved operations, marketing & new product features”.

Thomas Schuffenhauer, Head of Corporate Venturing at Henkel Laundry & Home Care, said: ‘’Digital services will become increasingly important, with more and more consumers adopting on-demand solutions. This is why, besides leveraging our own services, we also invest in Zipjet’s promising business model.’’

More information you will find here

Source: Zipjet

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