Stasher, a London-based app which lets travellers find spots to store their luggage, has raised almost £2 million in additional funding. The investment round was led by Venture Friends alongside angel investors including former Hotels.com president Johan Svanstrom.
Launched in 2015, Stasher’s app works as an online marketplace connecting travellers, event-attendees and vacation rental guests with local shops and hotels who can store their luggage on a short-to-medium term basis.
“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 co-founder and CEO Jacob Wedderburn-Day.
“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 luggage storage app has enjoyed strong growth with nearly 500,000 bags being stored to date in 250 cities across six continents.
It has expanded to the US and Australia since 2018 and now plans to use the fresh investment to expand to 10,000 cities around the world.
Looking ahead, Wedderburn-Day added:
“As a travel platform with an obvious global network effect, we always aimed to build a global platform, and we’re extremely proud to have reached that goal. Being already present across Europe, the US and Asia proves there is a demand for our services worldwide. However, we are far from finished. Advancing our relationships with hosts and improving customer service will enable us to ensure a frictionless city break for customers worldwide.”