Cents, a New York–based fully integrated software, hardware, and payments technology platform for the laundry industry, has raised $140 million in Series C funding.
Investors
The round was led by Sumeru Equity Partners, with additional participation from Camber Creek.
Sumeru Equity Partners provides growth capital at the intersection of people and innovative technology. It partners with founders and management teams to support scaling and long-term value creation. Sumeru has invested over $3 billion across more than 50 platforms and add-on investments spanning enterprise and vertical technology, data analytics, education technology, infrastructure software, and cybersecurity. It primarily invests in companies across North America and Europe.
As part of the investment, Sumeru Managing Partner & Co-Founder Sanjeet Mitra will join the Cents board of directors.
Cents Use of Funds
The company will use the funding to expand its AI-powered product suite, enhance customer support and experience, broaden its product offerings, and invest in advanced payment hardware infrastructure.
About Cents
Cents is an all-in-one platform to manage your laundry business, providing everything owners and operators need to grow, manage, and understand their business. Trusted by over 4,500 laundromat locations that process $1 billion in payments annually, Cents offers comprehensive tools for point-of-sale systems, on-machine payments, marketing automation, AI customer service, pickup & delivery services, and more. Headquartered in New York, Cents' mission is to bring modern technology to one of America's most enduring and underserved small business sectors.
Funding Details
Company: Make Cents Technologies Incorporated
Raised: $140.0M
Round: Series C
Funding Date: March 2026
Lead Investor: Sumeru Equity Partners
Additional Investors: Camber Creek
Company Website: https://www.trycents.com/
Software Category: Laundry Management Software
Source: https://www.prnewswire.com/news-releases/cents-raises-140-million-from-sumeru-equity-partners-to-support-and-drive-innovation-for-laundry-smbs-302725686.html