Stasher announces $2.5m funding round

Stasher, the world’s first sharing economy network for luggage storage, has announced a $2.5 million funding round led by VentureFriends, along with various angels including Johan Svanstrom, former president of Expedia owned OTA giant, Hotels.com, who rejoins the illustrious team of backers supporting Stasher.

The funding comes after a great year for Stasher, which saw the luggage storage startup scale worldwide and more than triple their revenues year on year.

The company is now set to consolidate its position as the market leader by focusing its attention on strengthening its offering in key global markets and gaining ground in the travel industry. 

Anthony Collias, CCO and Co-founder said: “We’re bridging the gap between VR and Hotels. Our model is 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.” 

In 2019, Stasher partnered with the likes of Klook, Sonder, Marriott, and Hotels.com. Jacob Wedderburn-Day, Stasher’s CEO and Co-founder, believes the key for 2020 is to continue building partnerships with trusted companies and to continue working with quality brands such as Premier Inn, Expedia, Holiday Express, OYO and Accor to expand their network of locations globally. 

Wedderburn-Day commented: “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”. 

The platform has gone on to launch over 250 cities, a pretty impressive leap from the 20 since the first investment round in early 2018, and a testament to the demand for the service. 

Apostolos from VentureFriends said: “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.”