Bounce lands $1.2 mln


San Francisco-based Baggage, a mobile platform for booking daily storage, has secured $1.2 million in funding. The investors included Seabed VC and Jillian Manus, a managing partner at Structured Capital.

PRESS RELEASE

SAN FRANCISCO— December 21, 2018 — Baggage holding you down? Bounce is the first mobile platform for booking daily storage wherever you are in the city. The service is live in New York, San Francisco, Washington DC, Chicago, and will roll out across the country throughout 2019.

Bounce has more than 100 storage locations in operation, all of them hosted by local retailers such as hotels and dry cleaners who signed up to list their extra space on the platform, thereby earning a new revenue stream and additional foot traffic. The company, in operation for one year with its web-based product, has stored tens of thousands of bags already, proving out the model.

The company raised $1.2 million from notable investors including Jillian Manus, an angel investor & managing partner of Structured Capital (early investors in Uber & MakeSpace) and Seabed VC, as well as other strategic investors including Rob Chesnut, the General Counsel of Airbnb, and Michael Hyatt, a Canadian entrepreneur and investor, among several others. The capital will enable the Bounce to build out its logistics network and scale to dozens of new cities.

“Bounce has made my life way easier, no longer having to plan around my things,” said Bounce customer Meghan Mills, a New York City commuter and massage therapist who has used the service more than 50 times to store her massage table and other possessions with Bounce.“It’s been a game-changer for my business and has literally saved my back.”

The mobile release allows users to safely disconnect from the things that hold them down while they’re on the go. Utilizing on-demand storage locations across major cities, users can move across an urban landscape without the hassle of dragging their stuff or fear of damaging their belongings.

Customers range from business travelers to urban commuters to busy parents, all of whom take advantage of affordable, safe, short-term storage.

“I’m impressed with the tremendous growth potential for Bounce, this can become something that becomes a game-changing product that people use daily,” Jillian Manus, an angel investor in Bounce and managing partner at Structure Capital. “Not only does Bounce solve a real consumer problem, it identifies excess capacity and gives small businesses a new revenue stream as well as foot traffic and potential customers. It’s a total win-win. I can see this being in every major city.”

Bounce CEO Cody Candee says storage is just the first part of the service. When asked for further details, Candee said they are adding pick-up/delivery integration soon which ties to Bounce’s vision of being the interface between consumers and their things enabling access anywhere.

To try Bounce’s on-demand service, visit usebounce.com or download their iOS app in the app store.

About Bounce
Headquartered in San Francisco, Bounce seeks to transform urban behavior by enabling access to personal belongings anywhere in a city, never again planning around your ‘stuff.’ Since February 2018, Bounce has stored tens of thousands of items in more than 100 locations across five cities. Bounce is adding new locations every week. Bounce’s mission is to enable users to travel and commute light and free, grounded in the founders’ deep commitment to explorers and professionals like themselves. For more information about Bounce’s storage and delivery services, visit usebounce.com or call +1 (347) 921-5190.