Stasher, the London-based creator of a sharing economy network for storing luggage, has raised a $2.5 million funding round led by VentureFriends, along with various angels.
The traveltech startup developed an app and network that allows travelers to find a secure location to store their bags, so they can keep exploring until departure. Since the startup’s last funding round in 2018, it has launched in well over 200 more cities, including expansion into the US and Australia. Anthony Collias, CCO and co-founder, explained: “We’re bridging the gap between VR and hotels. In fact, our model is so scalable that we could launch in any urban area that you could reasonably stay in an Airbnb. This means there’s an opportunity to launch more than 10,000 new cities in the near future.” To enable such expansion, Stasher has partnered with major travel and hospitality brands such as Marriott, Hotels.com, Expedia, Holiday Express, and more. The team will stay on this tack for the foreseeable future.
“Exclusive integration with top quality brands have helped solidify our position as the most trusted brand in the market, and they hold the key to our expansion strategy for 2020,” said Jacob Wedderburn-Day, CEO and co-founder. “We don’t just want to be present in every city in the world, we want to be present in the most trusted and secure locations in every city in the world. This will set us apart from our competitors.” Apostolos Apostolakis, an investor from VentureFriends, added: “We have been impressed by the demand for the service as well as the ability of the team to expand the offering in so many cities within just 2 years. However, what really impressed us with the team at Stasher was their uncompromising focus on the consumer experience and safety from day one. This is what sets them apart and will allow them to remain the leading service provider globally.”