8 years ago
CityStasher Raises $1.1 Million to Expand Luggage Storage Network Across Europe
CityStasher, a UK-based startup that provides a network of local shops, hotels and venues where travellers and holiday makers can securely leave their bags for a few hours or days at low cost, has secured $1.1 million in seed funding
The round was led by Venture Friends and backed by HOWZAT Partners, Charlotte Street Capital, and angel investors, including Big Yellow Storage CEO James Gibson
The funding will be used to accelerate CityStasher's European expansion, with plans to have a significant presence across ten European countries outside of the UK by the end of 2018
The company will also use the investment to trial additional services, including luggage delivery within and between cities.
ProblemTravel and Leisure
"making travel easier and more convenient by providing a secure and affordable way to store luggage for a few hours or days"
Solution
"CityStasher's solution is a network of local shops, hotels, and venues where travelers and holidaymakers can safely leave their bags at a low cost, with plans to expand to over 10 European countries by the end of 2018"