Cents Raises $140 Million Series C Led by Sumeru Equity Partners

April 05, 2026
Cents has raised $140 million in a Series C round led by Sumeru Equity Partners, marking the largest software investment in the laundry industry to date. The funding will accelerate the expansion of its AI-powered platform for laundromats and dry cleaners.
Cents Raises $140 Million Series C Led by Sumeru Equity Partners

Cents has raised $140 million in a Series C funding round led by Sumeru Equity Partners, with additional participation from Camber Creek, announced in a press release. The round represents the largest single software investment in the laundry services sector to date.

The company plans to use the funds to expand its AI-powered business management platform, which integrates software, proprietary hardware, and payment solutions for laundromats, dry cleaners, and multi-family laundry operations. Cents aims to enhance its customer support, extend product offerings, and invest in new payment hardware infrastructure.

As part of the investment, Sumeru Managing Partner and Co-Founder Sanjeet Mitra will join the Cents board of directors. Cents currently supports over 4,500 laundromat locations across the U.S., processing approximately $1 billion in annual payments.

We hope you enjoyed this article.

Consider subscribing to one of our newsletters like AI Funding Brief or Daily AI Brief.

Also, consider following us on social media:

AI Funding News AI Brief AI Brief (X)

More from: Funding

04/04
Trimble to Acquire Document Crunch for AI-Powered Risk Management in Construction
04/04
Daydream Raises $15 Million Series A for AI-Driven SEO Expansion
04/04
AccuQuant Raises $20 Million to Advance AI Financial Infrastructure
03/31
Mistral AI Secures $830 Million Debt Financing for Paris Data Center
03/27
Navi AI Emerges from Stealth with $6 Million to Advance AI Pilot Training

Subscribe to AI Funding Brief

AI Token Webinar

Industry analysis

2025 Global Business Services Agenda: Gen AI Takes Center Stage

The Hackett Group

This industry analysis by The Hackett Group explores the transformative impact of generative artificial intelligence (Gen AI) on global business services (GBS) in 2025. The study highlights the shift from exploration to acceleration of Gen AI initiatives, with 89% of executives advancing these projects to improve customer satisfaction, innovate products, and reduce costs. The report also discusses the challenges and strategies for successful Gen AI adoption, emphasizing the need for a technology-enabled operating model and the importance of reskilling the workforce.

Read more

You May Also Like