CHICAGO, IL, The Minte has closed a $2.25 million seed funding round led by Dundee Venture Capital.
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The Minte, the company bringing hotel-style housekeeping to luxury residences at the push of a button, has closed a $2.25 million seed funding round led by Dundee Venture Capital.
Additional investors in the current round includes MATH Venture Partners, Revolution's Rise of the Rest Seed Fund, Firebrand Ventures, Blue Note Ventures and multiple prominent angel investors. The round brings total funding to-date to $4.7 million.
Returning investors, in addition to Dundee, includes Sandalphon Capital, Network Ventures and M25 Group. The company will use the funding to further develop its one-button request technology, smart home integrations and mobile apps. The Minte also plans to expand into new geographical and residential markets, with over 30,000 units planned by the end of 2018.
"The Minte represents how an operationally intensive service business can be reintroduced to the consumer with technology and convenience in mind," said Jonathan McCulloch, Partner at Dundee Venture Capital. "Bucking the trend of part-time workers and scheduling limitations, The Minte provides real-time ordering with its full-time employees, all of whom receive benefits. This transcends both technological and labor norms to establish a new house cleaning model. Run by a skilled team and with a growing network of partnerships, The Minte is already the leader in its class."
Frictionless housekeeping for luxury residences
The Minte makes weekly, bi-weekly and even daily housekeeping affordable and frictionless. Housekeepers hail from venerable hotels including the Waldorf Astoria, the Conrad and Sofitel. Cashless payments, eco-friendly products and automated ordering give condo-, apartment-, corporate-housing and other full-time residents the clean polish of a hotel with the peace-of-mind of their own home.
"The Minte is about affordably maintaining the cleanliness of your home, which frees up time and relieves stress," said The Minte CEO Kathleen Wilson. "Dundee and other venture partners have been incredibly supportive. Their guidance will be invaluable as we rapidly, sustainably scale and expand our services to residences around America."
The Minte's current housing partners include Greystar, Bozzuto, Golub, Lincoln Property Company, Waterton and RMK, among others. The company will continue to refine its successful core service while growing into a trusted staple in the multifamily landscape.
"As technology becomes pervasive across industries impacting everyday consumer activity, The Minte has recognized a significant market opportunity for affordable hotel-style housekeeping that it can capture beginning in metropolitan cities across the United States," said J.D. Vance, Managing Partner of Revolution's Rise of the Rest Seed Fund. "The Minte is another example of a great consumer technology company scaling outside of Silicon Valley and benefiting from its location between the coasts."
About The Minte
The Minte is a Chicago-headquartered startup aiming to disrupt the status quo of housekeeping. Backed by Dundee Venture Capital, MATH Venture Partners, Revolution's Rise of the Rest Seed Fund, Firebrand Ventures, Blue Note Ventures, Sandalphon Capital, Network Ventures and M25 Group, The Minte is partnered with a number of housing partners as it expands into condos, apartments and corporate housing in the United States and internationally. For more information please visit us at http://TheMinte.com and follow our page on Facebook.