Zipjet announces increased investment from Henkel
Further investment enables Zipjet to consolidate position as European market leader
20 JULY 2017, BERLIN
SummaryZipjet, the on-demand laundry and dry cleaning service, today announces that existing shareholder Henkel increased its total investment in the business. Henkel’s Laundry & Home Care business unit has been a strategic investor in the startup since August 2016.
After its initial launch in London in November 2014, the laundry startup has since cleaned up in Berlin and Paris, with expansions in January 2015 and May 2016 respectively. Backed by Rocket Internet, venture capital firm btov and a series of strategic investors, Zipjet is now keen to further consolidate its position in continental Europe.
Zipjet’s Co-Founder & Managing Director, Florian Färber, said: ‘’We are delighted to announce Henkel’s decision to increase their investment. This development demonstrates that our investors are confident about Zipjet’s prospects and excited by our ambitious growth plans for this year. With the additional investment we will continue to strengthen our position in Europe, invest more in improved operations, marketing & new product features".
Thomas Schuffenhauer, Head of Corporate Venturing at Henkel Laundry & Home Care, said: ‘’Digital services will become increasingly important, with more and more consumers adopting on- demand solutions. This is why, besides leveraging our own services, we also invest in Zipjet’s promising business model.’’
Zipjet is Europe's leading on-demand laundry & dry cleaning service. Founded by Florian Färber and Lorenzo Franzi in London in 2014, the company has since expanded to Berlin (2015) and Paris (2016). Zipjet's mission is simple: to revolutionize the way laundry is done, liberating consumer tedium and enabling customers to unlock new time. With high quality cleaning and turnaround in as little as six hours, Zipjet promises to take the hassle out of laundry. Simple.
Henkel operates globally with a well-balanced and diversified portfolio. The company holds leading positions with its three business units in both industrial and consumer businesses thanks to strong brands, innovations and technologies. Henkel Adhesive Technologies is the global leader in the adhesives market – across all industry segments worldwide. In its Laundry & Home Care and Beauty Care businesses, Henkel holds leading positions in many markets and categories around the world. Founded in 1876, Henkel looks back on more than 140 years of success. In 2016, Henkel reported sales of 18.7 billion euros and adjusted operating profit of 3.2 billion euros. Combined sales of the respective top brands of the three business units – Loctite, Schwarzkopf and Persil – amounted to more than 6 billion euros. Henkel employs more than 50,000 people globally – a passionate and highly diverse team, united by a strong company culture, a common purpose to create sustainable value, and shared values. As a recognized leader in sustainability, Henkel holds top positions in many international indices and rankings. Henkel’s preferred shares are listed in the German stock index DAX. For more information, please visit www.henkel.com.