Pre-seed · SEIS advance assurance
Aggregating the UK's most fragmented £1.4bn service category.
Wash Pass turns a cash-heavy, offline industry into a subscription marketplace. Drivers get one pass for every site; operators get demand, software and recurring revenue. We are raising a pre-seed round under SEIS.
50% income tax relief
SEIS-eligible, up to £200k p.a.
- Round
- £650k pre-seed
- Instrument
- Ordinary shares, SEIS + EIS
- CGT on exit
- 0% after 3 years
- Loss relief
- Up to 72.5% downside cover
- Founder track record
- 20+ years, 2 prior exits
Monthly GMV
£214.8k
+38% MoM
Active drivers
9,184
+22% MoM
Sites onboarded
486
+61 this month
Gross margin
42%
blended
Market
Bottom-up market sizing.
TAM — UK vehicle cleaning spend£1.42bn
SAM — subscription-ready urban demand£410m
SOM — 3-year target share£38m
Use of funds
- Supply onboarding (1,500 sites)38%
- Driver acquisition & retention27%
- Product & platform engineering24%
- Compliance, ops & runway buffer11%
18-month runway to 1,500 live sites and £1.1m annualised GMV, positioning a seed round on marketplace density rather than paid growth.