Towel Tracker, LLC

1 in 20 towels dispensed at gyms, resorts, & hospitals are stolen. Clients save $40-100K/yr with TT through eliminated theft and lower laundry/cleaning costs

  • Stage $1M in TTM Revenue
  • Industry Clean Technology
  • Location Grand Rapids, MI, US
  • Currency USD
  • Founded June 2010
  • Employees 12
  • Incorporation Type LLC
  • Website toweltracker.com

Company Summary

We are a clean tech inventory management solution provider that helps resorts, fitness centers, and hospitals, prevent towel and medical scrub theft by integrating RFID technology into each item, then monitoring usage through a patented dispensing unit that assigns towels to guests - Unreturned items can be charged to the guest. Moreover, laundry volumes typically drop 40% (green) since guests only take the actual # of towels they need.

Team

  • Matthew Cheng
    Chief Executive Officer

    Principal Management Consultant at A.T. Kearney, Inc.
    Capital Controller at General Motors
    Wharton MBA, Finance
    Manufacturing Engineer at Saturn Corporation
    Kettering University BS, Mechanical Engineering

  • Steven Molewyk
    Chief Operating Officer

    Towel Tracker Inventor and Company Founder
    Former Laundry Owner
    Real Estate Entrepreneur

  • Daryle Bobb
    Senior Vice President - Development

    Former laundry owner
    Former owner of Best Locker which was recently acquired for $140M by Safemark
    Towel Tracker investor
    Towel Tracker sales leader

Advisors

  • James Dickens
    Unconfirmed

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