![Washio](https://i0.wp.com/fintk2.com/wp-content/uploads/2016/09/Washio.png?resize=247%2C204&ssl=1)
The on-demand laundry startup Washio is closing after reportedly failing to find a buyer. The company had raised $16.8 million from investors but had competition from other startups and faced a lawsuit over its use of independent contractors.
Upstart Business Journal (8/30)