Tired of doing laundry? These startups want to help.

Doing laundry can be a chore. It takes time and is tedious. Few of us like to do it. So it’s no surprise that startups have emerged to take that load off your back — literally. And investors are lining up to fund new and older players alike. Eleven-month-old NoScrubs has just raised $2 million in a pre-seed round led by Initialized Capital for its on-demand laundry delivery service. And in late February, Rinse raised a $23 million Series D led by LG Electronics to continue growing its 12-year-old business, which includes dry cleaning services. While they have different business models, the two companies are the latest examples of laundry startups attracting venture capital. And they’re hoping to succeed in a space that has seen other startups wash up. Early Instacart employee Matt O’Connor, CEO of NoScrubs, and Sudhanshu Gautam, CTO, (pictured above) founded the startup nearly a year ago with the intent of building a faster, more affordable laundry service. The company claims it ca ... Read full article.