GCC based laundry technology company JustClean, secures $8.0m in Series B round of financing from Faith Capital Holding, a venture capital firm that focuses on e-commerce businesses in the MENA region. With this investment, JustClean aims to propel the company’s growth in its current markets and venture into other areas of the cleaning sector.
With a mission to become globally acknowledged as the leading ecosystem provider for cleaning services, JustClean is working to digitize the region’s $ 3 billion laundry industry and has raised just over $20m since its inception in 2017. “The securing of the finances, will accelerate JustClean’s growth within its current markets and allow for the further disruption of the cleaning space in the GCC. These finances have given the team legroom to expand on JustClean’s current marketplace operations, SaaS services, as well as logistics support. JustClean continues to grow fast in its main business lines,” commented Mohammed Jaffar, CEO of JustClean.
“JustClean has become the preferred aggregator for laundry services across the region, through the combined efforts made by hundreds of our valued laundry partners and our 200 plus team members alike. Our technological solutions have proven to be effective and as such, we have built our brand on being the go-to solution provider of choice for cleaning business owners across the MENA region,” says Athbi Al Enezi, a Co-Founder and Managing Partner of JustClean. “We are shaping a new, sustainable laundry ecosystem that brings together the most trusted laundry service providers in the region into a marketplace application that not only provides end-users with convenience but also supports businesses as they strive to compete in the Digital Economy.”
Nouri Al Enezi, a Co-Founder and Managing Partner of JustClean, concluded by adding, “During the last six months of COVID-19, we have reaffirmed our model to be a versatile and fluid one that is adaptable to market conditions and through this time we have created new revenue streams that are diversified and sustainable. Our steadfast focus on delivering a stress-free, user-friendly, and highly efficient service has witnessed JustClean become an employer of choice with a corporate culture built on innovation and community investment.”
JustClean is a GCC laundry technology company that specializes in consumer and enterprise laundry technology solutions.