Rinsed, a New York-based provider of a car wash CRM system, raised $12M in Series A funding.
The round was led by Bedrock Capital and Founders Fund. Eric Stromberg, co-founder and Managing Partner of Bedrock Capital, will be joining the board as part of this transaction.
The company intends to use the funds continue growing its engineering and customer success teams.
Co-founded 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, and enables automated email & text marketing, customer engagement to reduce churn, and online sales directly through their website.
The company, which has offices in downtown 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, and El Car Wash.
Rinsed already serves more than 300 car washes and grew annual recurring revenue by over 400% in the past year.
FinSMEs
06/05/2022