Matrix Partners, SIG Lead $20M Series A In Edaixi

Edaixi, an O2O (online-to-offline) laundry services mobile app developed by Beijing-based laundry brand Rong Chang, has received over US$20 million series A financing from Matrix Partners and SIG China, according to Chinese media reports.

The proceeds will be used to upgrade its services and build up its team. The company is also reportedly planning to expand its services outside Beijing.

Earlier in July, Edaixi has received an angel investment of RMB20 million (US$3.2 million) from Rongchang Group Co., Ltd. and Tencent Holdings Limited.

Edaixi provides standardized laundry services of RMB99 per bag. Customers can have their laundry picked up, cleaned, and returned within 72 hours.

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