Tumble Secures $7M Funding for MultiFam Smart Laundry Platform
San Francisco-based Tumble, the smart laundry technology platform, has raised $7 million in seed funding to advance their laundry experience at rental properties nationwide. The cash infusion will be used to provide a more complete all-digital experience for residents, while modernizing the shared laundry experience into revenue-generating assets for property managers. Tumble also plans to introduce a pickup and delivery service for consumers.
Tumble’s cashless, cardless model allows residents to simply download the app, add balance to their wallet, choose their location and connect to the washer and dryers. They can also pay, track and lock their machines, getting notifications when the cycle is complete.
“The multifamily industry has been stifled by ‘dumb laundry’ for way too long. Tumble is saving property managers and their residents with the first ‘smart laundry’ experience. With Tumble, one the of the most important amenities is now a valuable revenue stream,” said the company’s CEO Scott Patterson.
Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.
CRE courses for CE credits
Get CE course credits, centered around all things CRE. View our courses today!