London-based Oxwash has raised £10 million in a Series A funding round aimed at expanding its services nationwide.
New investors in the round include 8 Dimension Ventures, System Capital Management (Ukraine’s largest VC Fund), and Khimji Ramdas LLC.
Oxwash has raised a total of £15.7M in funding to date.
Founded in 2018 by former NASA scientist Dr. Kyle Grant and Oxford University Master of Engineering grad Tom de Wilton, Oxwash uses water-saving ozone technology to sterilize fabrics at lower temperatures, thermal and biodegradable chemical processes to achieve higher than medical-grade disinfection, dissolvable laundry bags, and electric cargo bikes for local pickups and deliveries.
Oxwash says it will use the funds to build a giant facility that can service clients up and down the country.
It will also use the funds to expand its national footprint ahead of expansion into the USA.
The UK company is also investing in new methods such as acoustic drying, a way of drying textiles that uses soundwaves instead of heat, as well as robotics and computer vision.
Read more on Tech Gist Africa:
