Laundromat Software Startup Cents Raises $110M Series C
Cents, which builds operating and payments software for laundromats, closes a massive $110M Series C round.
Cents just pulled in $110 million in Series C funding. The company builds operating and payments software specifically for laundromats — not exactly the sexiest vertical, but clearly one investors are betting big on.
The round follows a $40 million Series B raised in 2024, marking a sharp acceleration in investor confidence. That's $150 million in combined funding across just two rounds.
Laundromats might seem like a low-tech business, but the industry is massive and historically underserved by modern software. Cents is positioning itself as the digital backbone for these operations, handling everything from payments processing to day-to-day management tools.
The jump from $40M to $110M suggests the company is seeing serious traction and likely eyeing rapid expansion across its target market.