Seattle Laundry Startup Loopie Sells Wash and Fold Business to HappyNest and Rinse Amid Funding Challenges

Seattle-based peer-to-peer laundry startup Loopie sold its wash and fold business to HappyNest and Rinse, while retaining its IP, software, and branding. Despite raising $4 million, Loopie struggled with profitability and fundraising post-pandemic, leading to the transition of its customer base to sustain service.