Bounce.com, the largest global luggage storage network and fastest-growing US travel company, has announced a $19M Series B funding round. The round was led by Sapphire Sport and included other new investors such as Thayer Ventures, FJ Labs, 20VC Growth, and Shilling, as well as existing investors Andreessen Horowitz and General Catalyst.
Bounce will leverage this fundraising round to drive growth and expand its storage services to travellers and locals everywhere, including in the UK where Bounce already has over 670 partners, including more than 350 in London, more than 50 in Edinburgh, 25 in Manchester and 10 in Cardiff.
Launched in 2019, Bounce powers a storage network of more than 13,000 partners in 100 countries that is transforming the way people travel and live in over 4,000 cities worldwide, including London, Edinburgh, Barcelona, Paris, Sydney and New York.
Named the eighth fastest-growing private company in the US by Inc5000 earlier this year, Bounce has stored over six million bags to date, and has generated tens of millions of pounds for small business partners since its Series A in 2022. In the UK alone, this has equalled nearly £3m of additional revenue to local businesses since 2022.
“We’re thrilled to partner with the Sapphire Sport team as part of our Series B round,”
said Bounce Founder and CEO, Cody Candee.
“With their vast experience in collaborating with start-ups at our stage, the team’s detailed knowledge of rapid expansion, and their group of partners across global sport, entertainment, and culture, we’re excited to work together to redefine convenience and bring more opportunities to travellers and businesses everywhere.”
David Hartwig, Partner and Rico Mallozzi, Principal at Sapphire Sport said:
“Bounce is helping travellers and locals alike to not plan their days around their belongings, enabling them to fully embrace the experiences that bring them joy. We’ve been impressed by their ability to scale with speed and efficiency, and believe they’ve only begun to tap into the potential of serving diverse storage needs.
“We’re excited to see how this new capital will fuel Bounce’s growth into new markets and power storage operations at hotels and other venues. While Bounce already boasts a robust network of over 13,000 storage partners and millions of users, their roadmap and vision position them to eventually serve all aspects of a consumer’s storage and packaging needs.”
Since the announcement of Bounce’s Series A in 2022, the company has grown its revenue 20 times over by strategically placing locations in key areas of a city.
Bounce looks forward to accelerating growth further with this new investment, including several new verticals planned in 2025 to make travel simpler for tourists and locals alike, such as bag delivery and shipping, and a product dedicated to hotels – Bounce for Hotels.
Find out more about Bounce at their website.
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