Bounce

Secure luggage storage service worldwide

New York City, New York, United States

About Bounce

Bounce provides secure luggage storage services in over 100 cities around the world, catering to travelers and anyone needing temporary storage for their belongings. Customers can easily book storage space online through Bounce's website or app, find a nearby location, and drop off their items for a daily fee of $5.90. The company partners with local hotels, shops, and businesses to create a wide network of convenient drop-off points. Bounce also offers insurance coverage of up to $5,000 for stored items, ensuring customers' peace of mind. The booking process is user-friendly, allowing for instant reservations and free cancellations. Bounce stands out from competitors by focusing on security with features like security seals for stored items. The company's goal is to make travel more convenient and enjoyable by providing a practical and affordable solution for luggage storage.

New York City, New YorkHeadquarters
2018Year Founded
$33.3MTotal Funding
SERIES_BCompany Stage
Consumer Software, Consumer GoodsIndustries
51-200Employees

Risks

Increased competition from local storage services in Japan may hinder expansion.
Reliance on SME partnerships poses risks if partners face operational challenges.
Rapid scaling to 30,000 locations by 2026 may strain resources and service quality.

Differentiation

Bounce offers a global network of luggage storage in over 4,000 cities.
The company partners with local businesses, providing diverse and convenient storage locations.
Bounce's app-based booking system aligns with the trend for contactless services.

Upsides

Bounce secured $19M in Series B funding for global expansion and new verticals.
The rise of digital nomadism increases demand for temporary storage solutions.
Bounce's focus on Asia-Pacific expansion taps into growing regional travel markets.