How He Raised $77M in a $60B Market

Default Global Podcast: Navigating Global Expansion, Remote Teams, and International Talent

💹 Raising $77M in funding and taking on a $60B market, this episode has so much for founders.
On this episode of Default Global, I sat down with Alexander Jekowsky, the CEO and co-founder of Cents. Alex has raised $77M, including a $40M Series B, to build a tech platform for the laundromat industry, a market most people don’t even think about.
We talk about why raising $77M doesn’t mean success and what really drives a startup to grow. Alex shares how he found huge opportunities in a “boring” $60B industry and turned them into a thriving business.
He also explains how he pitched his way to a $40M Series B and gives advice to founders on scaling their businesses, pitching to investors, and avoiding mistakes during fundraising.

Key Takeaways:

1. Raising $77M isn’t success, it’s just the beginning of bigger challenges and growth.
2. Securing a $40M Series B requires a clear vision and the right strategies to pitch investors.
3. Scaling isn’t just about adding customers; it’s about sustainable growth and avoiding burnout.
4. A laundromat owner saw a 60% revenue increase using tech, proving the power of simple solutions.
5. The laundromat industry is worth $60B, and overlooked industries can have massive potential.

If you’re raising funds, working on your pitch, or trying to grow your startup, this episode is packed with advice you can use. Don’t miss it!
Alexander Jekowsky on LinkedIn: http://www.linkedin.com/in/ajekowsky
Episode on YouTube: https://youtu.be/0z_xw2Jzy1s

Default Global Website: https://gogloby.io/podcast/
Youtube Channel: https://www.youtube.com/channel/UCM9SzxOhqqjOckcVG7XYKFA
Default Global LinkedIn: https://www.linkedin.com/company/default-global/
Vit Koval, Host Linkedin: https://www.linkedin.com/in/vitalykoval/