London startup CityStasher raises $1.1M for its Airbnb for luggage

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London-based CityStasher is constructing exactly what it calls an ‘ Airbnb for travel luggage’, a network of traditional companies throughout Europe that will keep your travel luggage for a couple of hours after you have actually had a look at or are waiting to check out your travel lodging.

To assist with this objective, CityStasher has actually raised $1.1 million in seed financing in a round led by Venture Friends, with involvement from Howzat Partners, Charlotte Street Capital, and different angel financiers. Among those huges Yellow Storage CEO James Gibson, who was likewise an earlier backer of the start-up.

The issue the young business wishes to fix is that needing to bring around baggage can frequently stop you taking pleasure in part of your day when taking a trip, time that is otherwise squandered. “ If you ’ ve ever been displaced of your Airbnb at 10am, you might recognize with the concern, ” co-founder Anthony Collias informs me.

“ Luggage obstructs of your journeys and we wish to assist tourists take advantage of their time. Dragging travel luggage is tiring and a great deal of locations now-a-days straight-out restriction generating your bag (museums, arenas, etc)”.

For business that note on CityStasher’ s market– called “ StashPoints ”– the benefit is having the ability to monetise otherwise void, in addition to getting more individuals through the door.

“ Brick and mortar companies are frantically in requirement of brand-new earnings streams, ” states Collias. “ As such, it made good sense to us to construct a network of companies who can keep these bags securely and bringing these 2 groups together. It brings profits and step to the stores whilst supplying a required service to tourists!”

Collias explains CityStasher’ s common consumers as youths in their 20s and 30s, taking a trip to Europe and remaining in Airbnbs. “ When their check-in times are check-out or late times early, they leave bags with us whilst they explore their picked location for a couple of more hours”.

He remains the start-up is likewise seeing households leaving huge buggies or rucksacks whilst they go to traveler destinations, especially at its Paris and London StashPoints. Other users consist of service visitors and some regional citizens running errands.

The business started completing versus station centers, which Collias states charge as much as £ 12.50 daily in London, however has actually more just recently seen start-ups dealing with the very same issue.

Already declaring 200 StashPoints in areas throughout the U.K., Paris, Amsterdam and Berlin, CityStasher prepares to utilize the brand-new financing to introduce in 5 more nations in 2018 and is currently set to start hosting trials with some significant spending plan hotel chains.

“ We have the very best protection in the U.K. and our service exercises easily less expensive per hour than rivals in practically every city. This benefit and rate benefit actually attract the young, taking a trip, Airbnb generation, ” includes the CityStasher co-founder.

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