Bounce secures 19 million US dollars in Series B

Marc Nemitz Marc Nemitz | 14.11.2024

Bounce receives USD 19 million in Series B funding for the global expansion of its luggage storage network. The startup plans to expand its offering in Germany and other countries

Stuttgart, November 14, 2024 - Travel startup Bounce announces a $19 million Series B funding round to further expand its global luggage storage network. The funding round, which was led by Sapphire Sport, also sees new investors including Thayer Ventures, FJ Labs and 20VC Growth, as well as existing investors such as Andreessen Horowitz and General Catalyst.

Bounce

Bounce offers short-term luggage storage through its platform, working with more than 13,000 partner locations in over 100 countries. The company was founded in 2019 and has since become one of the fastest growing storage solution providers in the world. Since the Series A round in 2022, Bounce has increased its revenue 20-fold, particularly through strategic location placements at hubs in major European cities such as Zurich Airport and Alexanderplatz in Berlin.

The investment will allow us to accelerate our vision and further facilitate access to luggage storage

Cody Candee, founder and CEO of Bounce

The new funds will be used to open up new business areas such as delivery services and Bounce for hotels in 2025 David Hartwig from Sapphire Sport commented on the investment: "Bounce is committed to a future where people can travel without worry. We look forward to supporting the network's expansion and access to convenient storage solutions worldwide."

Bounce's goal is to give people more freedom of movement without having to worry about their luggage. By partnering with local businesses, Bounce creates flexible storage options and new revenue streams in over 4,000 cities worldwide.


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