Jeff raises €17.4 million in Series B funding round
The Spanish startup Jeff has raised over €17 million in a Series B financing round, led by All Iron Ventures, Alma Mundi Ventures, and FJLabs, with investors also from companies such as Alibaba, Dropbox, Uber, and Stripe. The round, which took place during COVID-19, follows previous successful financing rounds in which around €18.2 million was secured.
Founded in 2015, Jeff is a global solution for entrepreneurs that offers everything they need to start a successful business under the umbrella of its globally recognized brand. Aided by Jeff’s holistic support that includes technological business management and data intelligence tools, entrepreneurs can launch their own business choosing from the brand’s range of business lines: home-delivered laundry and dry cleaning, beauty, fitness, and wellness services.
Jeff is currently present in 40 countries in Latin America, Europe, Africa, the Middle East, and Southeast Asia, and has more than 2,300 stores sold. Investment secured during this round will be used to kickstart the launch of Jeff operations in the United States and the opening of its first office in New York in January, the consolidation of its current markets, and the development of its technological product for the entrepreneurs in the Jeff network.
The startup’s recent funding round was also participated in by renowned entrepreneur Javier Rubio through Alcor Ocean S.L. The startup also gained new partners in the round, including INNVIERTE, CDTI investment vehicle, and angels, such as the growth fund of Juan Roig (president and majority owner of Spanish supermarket giant Mercadona). Existing partners who continue to support the project include the Gomez Trenor Family through Nalpa S.L and Addventure Venture Capital fund, among others.
