Stasher raises $2.5 million

Stasher, the luggage storage app for travelers, has raised $2.5 million in a venture round led by VentureFriends, along with various angels including Johan Svanstrom, former president of Expedia-owned Hotels.com. This latest round brings Stasher’s total funding to ~$5.4 million.

Founded in 2015 and based in the UK, Stasher provides a marketplace for travelers to find local shops and hotels that can store their luggage on a short-to-medium term basis. Since its launch, the startup has stored more than 450,000 bags in 1,200 locations across six continents. Insurance is included with each booking, covering damage, loss and theft up to £1,000.

“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.” – Apostolos Apostolakis, VentureFriends.

“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. 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.” – Jacob Wedderburn-Day, CEO and cofounder of Stasher.

Bottom Line: Your next value-added service.