Rinsed Raises $12M in Series A Funding

Rinsed, New YorkA car wash CRM system provider, based in the United States, raised $12M in Series A funding.

TheRound was led by Bedrock Capital Founders Fund. Eric StrombergCo-founder and Managing PartnerThis is Bedrock CapitalAs part of this transaction, he will join the board.

TheThe company plans to use the funds to continue growing its engineering teams and customer success departments.

CoFounded by Austin Esecson, Sam Logan and Nic Hippenmeyer, Rinsed provides allows helps car washes of all sizes to grow their subscription revenue with customer relationship management software. The platform integrates with car washes’ existing point-of-sale hardware, enables automated email & text marketing, customer engagement to reduce churn, and online sales directly through their website.

Thecompany that has offices inDowntown Manhattan and Lehi, UT, helps manage over 1 million subscribers for some of the highest volume car wash groups in the country, including Crew Carwash, Metro Express, Mammoth Holdings, Whitewater, El Car Wash.

RinsedAlready serves more than 300 car washes, and has seen an increase in annual recurring revenue of over 400% inThe past year. 

FinSMEs

06/05/2022

Leave a Comment