About Luggage Hero
Luggage Hero is a company based in Copenhagen (Denmark) founded in 2016.. Luggage Hero has raised $2.66 million across 4 funding rounds from investors including Innovationsfonden, Nordic Eye and Danmarks Eksport- og Investeringsfond. Luggage Hero offers products and services including Luggage Storage Service and Mobile App. Luggage Hero operates in a competitive market with competitors including Radical Storage, Bounce, Vertoe, ecbo and Bounce, among others.
- Headquarter Copenhagen, Denmark
- Stage Minicorn
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Sectors
Travel & Hospitality
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Luggagehero A/S
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.66 M (USD)
in 4 rounds
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Latest Funding Round
$441.66 K (USD), Seed
Apr 07, 2020
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Investors
Innovationsfonden
& 2 more
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Employee Count
Employee Count
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Products & Services of Luggage Hero
Luggage Hero offers a comprehensive portfolio of products and services, including Luggage Storage Service and Mobile App. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Online platform for booking secure luggage storage in partner locations.
App for iOS and Android to manage luggage storage bookings easily.
Unlock access to complete
Funding Insights of Luggage Hero
Luggage Hero has successfully raised a total of $2.66M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $441.66 thousand completed in April 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Seed — $441,655
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First Round
First Round
(04 Jul 2017)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2020 | Amount | Seed - Luggage Hero | Valuation |
investors |
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| Jun, 2019 | Amount | Seed - Luggage Hero | Valuation |
investors |
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| Jan, 2019 | Amount | Seed - Luggage Hero | Valuation | Nordic Eye |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Luggage Hero
Luggage Hero has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Innovationsfonden, Nordic Eye and Danmarks Eksport- og Investeringsfond. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early & growth stage VC firm investing in the US & France
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Founded Year | Domain | Location | |
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Early stage VC firm investing in Denmark
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Founded Year | Domain | Location | |
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Provision of financing, loans, equity, and insurance for Danish export and investment activities.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Luggage Hero
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Luggage Hero
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Luggage Hero Comparisons
Competitors of Luggage Hero
Luggage Hero operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Radical Storage, Bounce, Vertoe, ecbo and Bounce, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Luggage storage is facilitated via an online booking platform.
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| domain | founded_year | HQ Location |
SaaS solutions for business travel management are delivered.
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| domain | founded_year | HQ Location |
Online marketplace for luggage storage services
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| domain | founded_year | HQ Location |
App-based luggage-storage platform for travelers
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| domain | founded_year | HQ Location |
SaaS solutions for business travel management are delivered.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Luggage Hero
Frequently Asked Questions about Luggage Hero
When was Luggage Hero founded?
Luggage Hero was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Luggage Hero located?
Luggage Hero is headquartered in Copenhagen, Denmark.
Is Luggage Hero a funded company?
Luggage Hero is a funded company, having raised a total of $2.66M across 4 funding rounds to date. The company's 1st funding round was a Seed of $1.45M, raised on Jul 04, 2017.
What does Luggage Hero do?
Luggage Storage is an online marketplace that connects travelers with local businessesstores (shops, cafes, hotels, travel agencies more) for luggage storage services in multiple cities worldwide. Users can search, compare book luggage storage services from partner stores after providing relevant details. Claims to offer security tags to seal the luggage insurance against damagelosstheft. Their app is available for iOS Android devices.
Who are the top competitors of Luggage Hero?
Luggage Hero's top competitors include Bounce, Bounce and Radical Storage.
What products or services does Luggage Hero offer?
Luggage Hero offers Luggage Storage Service and Mobile App.
Who are Luggage Hero's investors?
Luggage Hero has 3 investors. Key investors include Innovationsfonden, Nordic Eye, and Danmarks Eksport- og Investeringsfond.
What is Luggage Hero's valuation?
The valuation of Luggage Hero is $16.21M as of Apr 2020.