Bounce announces a $ 12 million capital increase with an investment round led by Andreessen Horowitz.
The company thus aims to consolidate its positioning in Europe (in particular in Italy, France, Portugal and Great Britain) and to invest in new verticals to allow local businesses to diversify their sources of income. In this way, the startup approaches its goal of creating the largest retail chain in the world without owning any physical store. Among the investors who participated in the capital increase there is also General Catalyst, the fund that led the Seed Round which ended in December 2021.
Bounce offers luggage storage and parcel collection services to tourists, travelers and workers in thousands of cities around the world. The way it does it is simple: Bounce collaborates with local realities in each city and allows its visibility by end users who, through the online platform, can book the service in the nearest location.
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“Bounce has shown great resilience and continued to grow even during the pandemic. By combining different types of small and medium-sized businesses – from hotels to post offices to bike rental – Bounce has been able to build a very solid network that can grow both in terms of volumes and services offered “, comments Andrew Chen, General Partner di a16z.
In Italy, the startup is already present in more than 40 cities including Rome with 43 luggage storage points, followed by Milan, Venice and Florence.