Tumble

Tumble

The only full-service laundry technology provider that transforms shared laundry rooms into best-in-class smart amenities.

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DateInvestorsAmountRound
-investor investor investor

€0.0

round
investor

€0.0

round
investor investor investor

€0.0

round
investor investor investor investor investor investor investor

€0.0

round
*

$1.5m

Debt
Total Funding000k

Financials

Estimates*

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Revenues, earnings & profits over time
USD202120222023
Revenues000000000000
% growth-31 %69 %
EBITDA000000000000
Profit000000000000
EV000000000000
EV / revenue00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x
R&D budget000000000000

Source: Dealroom estimates

More about Tumble
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Tumble is a startup that revolutionizes shared laundry spaces by transforming them into income-generating assets. The company operates in the property management market, specifically targeting multi-family residential properties. Tumble's business model is centered around its Smart Laundry app, which enhances the laundry experience for residents while also increasing the Net Operating Income (NOI) for property owners. NOI is a measure of the profitability of a real estate investment, calculated by subtracting operating expenses from rental income.

Tumble's services are designed to bring efficiency to shared laundry spaces, a commonly used area in multi-family residences. The company handles everything from maintenance to technology upgrades, utilizing predictive maintenance and Internet of Things (IoT) technology to minimize machine downtime. IoT refers to a network of physical devices that are connected to the internet, allowing for data sharing and automation.

The company also offers an on-demand wash-and-fold platform, Tumble Laundry On-Demand, which not only increases property revenue but also provides gig work opportunities for residents. This platform is part of Tumble's strategy to maximize asset utilization and unlock new revenue streams.

Tumble's services have been well-received by both residents and property owners, with thousands of people currently using the app. The company claims to increase gross revenue by an average of 45%, making it a valuable addition to any property management portfolio.

Keywords: Shared Laundry Spaces, Smart Laundry App, Property Management, Multi-family Residences, Predictive Maintenance, IoT Technology, On-Demand Laundry Services, Asset Utilization, Gig Work Opportunities, Increased NOI.

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