Hampr, the on-demand laundry service platform launched in Lafayette, was awarded a $500,000 investment from Louisiana Innovation’s new Louisiana Growth Fund.
The company, which is now in 16 states with plans to enter another four, is the first company to receive funding through the fund, the state's transformative initiative to accelerate homegrown innovation, state officials announced Monday.
The $50 million Louisiana Growth Fund, stewarded by Louisiana Economic Development’s Louisiana Innovation, targets high-growth, technology-enabled startups and signals a cultural shift in how the state supports entrepreneurial success.
This initiative is part of the state’s strategic plan to attract, nurture, and scale companies redefining industries and generating new economic opportunity statewide.
“Receiving the first investment from the Louisiana Growth Fund is both an honor and a turning point for hampr,” Hampr CEO and founder Laurel Hess said. “It’s a vote of confidence in our vision to transform the way businesses manage their laundry needs, and it underscores the strength of the opportunity we see ahead.”
Hampr will use the $500,000 to accelerate its expansion in Louisiana, extend into new markets and invest in sales and go-to-market initiatives to capture a greater market share.
“This partnership allows us to accelerate our growth in the commercial sector and expand into new markets faster than ever before,” explains Hess. “It’s about taking what’s working today and putting more behind it - ensuring we move faster, win bigger accounts, and bring hampr’s solution to more communities than ever before.”