Cents, a maker of operating and payments software for launderers, raised a $110 million Series C with another $30 million in shares sold via tender offer, the company tells Axios exclusively.
The big picture: Cash still dominates this mom-and-pop industry, but bigger companies are beginning to see interest from private equity firms.
![Illustration of a bar chart made of stacks of folded laundry next to a basket of dirty clothes.]](https://images.axios.com/Tan1hBts29K8DwjH9cayGjzkYHM=/1920x1080/smart/2024/03/21/202230-1711052550579.jpg?w=3840)
