London startup CityStasher raises $1.1M for its ‘Airbnb for luggage’
London-based CityStasher is constructing what it calls an ‘Airbnb for luggage’, a community of brick and mortar companies throughout Europe that can retailer your baggage for a couple of hours after you’ve gotten checked out or are ready to test into your journey lodging.
To assist with this mission, CityStasher has raised $1.1 million in seed funding in a spherical led by Enterprise Buddies, with participation from Howzat Companions, Charlotte Avenue Capital, and varied angel buyers. A kind of is Massive Yellow Storage CEO James Gibson, who was additionally an earlier backer of the startup.
The issue the younger firm desires to unravel is that having to hold round baggage can typically cease you having fun with a part of your day when travelling, time that’s in any other case wasted. “If you’ve ever been forced out of your Airbnb at 10am, you may be familiar with the issue,” co-founder Anthony Collias tells me.
“Luggage gets in the way of your travels and we want to help travellers make the most of their time. Dragging luggage is tiring and a lot of venues now-a-days outright ban bringing in your bag (museums, stadiums, etc)”.
For the companies that checklist on CityStasher’s market — dubbed “StashPoints” — the upside is having the ability to monetise in any other case empty house, in addition to getting extra individuals via the door.
“Brick and mortar businesses are desperately in need of new revenue streams,” says Collias. “As such, it made sense to us to build a network of businesses who can store these bags safely and bringing these two groups together. It brings revenue and footfall to the shops whilst providing a needed service to travellers!”
Collias describes CityStasher’s typical clients as younger individuals of their 20s and 30s, travelling to Europe and staying in Airbnbs. “When their check-in times are late or check-out times early, they leave bags with us whilst they explore their chosen destination for a few more hours”.
He stays the startup can also be seeing households leaving massive buggies or rucksacks while they go to vacationer sights, significantly at its Paris and London StashPoints. Different customers embody enterprise travellers and a few native residents operating errands.
The corporate began off competing in opposition to station amenities, which Collias says cost as a lot as £12.50 per day in London, however has extra just lately seen startups tackling the identical downside.
Already claiming 200 StashPoints in places throughout the U.Okay., Paris, Amsterdam and Berlin, CityStasher plans to make use of the brand new funding to launch in 5 extra nations in 2018 and is already set to start internet hosting trials with some main price range resort chains.
“We have the best coverage in the U.K. and our service works out comfortably cheaper per hour than competitors in almost every city. This convenience and price advantage really appeals to the young, travelling, Airbnb generation,” provides the CityStasher co-founder.