Tumble

Based in the US, Clarified Inc. operates Tumble Smart Laundry, a smart laundry platform enhancing laundry operations for property management teams and improving user experiences for residents. Clarified Inc. provides smart laundry solutions primarily for multifamily properties.

Founded in 2019, the company is headquartered in San Francisco, US. Founders Emile Vlahos and T Patterson bring expertise from previous entrepreneurial ventures. Clarified Inc. has raised a total of USD 6.

975 mn, with its latest funding round being a VENTURE DEBT of USD 1. 5 mn from Western Technology Investment on October 5, 2022. Tumble Smart Laundry offers a fully integrated smart laundry platform designed to enhance the laundry experience for residents and streamline operations for property management teams. The core product includes IoT-enabled washing and drying machines that utilize predictive maintenance technology, ensuring minimal downtime and maintaining high operational efficiency.

Tumble's services cater to multifamily properties, providing smart laundry solutions that not only facilitate an optimized use of shared laundry spaces but also aim to alleviate the inconvenience often associated with laundry chores. The primary clientele consists of multifamily property managers and owners, particularly in urban and suburban markets across the United States. Tumble's innovative solutions serve thousands of residents, establishing itself as a critical amenity within property offerings. Tumble Smart Laundry generates revenue through partnerships with multifamily property owners and managers who implement its smart laundry services.

The business operates on a B2B model, providing property managers with an advanced laundry system that enhances resident satisfaction and drives additional revenue. Transactions typically involve service agreements where property owners pay for the installation and ongoing operation of Tumble’s smart machines, which include features such as real-time support and maintenance services. The pricing structure is based on a combination of fixed fees and revenue-sharing models, with increased property net operating income (NOI) being a key selling point for clients. Tumble’s commitment to maximizing asset utilization and generating new revenue opportunities is reflected in its capacity to increase gross revenue by an average of 45%.

In October 2022, Clarified Inc. raised USD 1. 5 mn in VENTURE DEBT, part of a larger USD 8. 5 mn seed and debt funding round, with plans to leverage this capital to scale its proprietary software platform.

The company aims to expand its market presence by enhancing product offerings and developing new features for its smart laundry solutions. Specific plans for geographic expansion are being formulated, with targeted markets across urban areas in the US to be explored in the coming year.