Luggage storage platform Stasher is acquiring fellow brand Cubby.
Terms of the deal are not being undisclosed.
Cubby will become part of Stasher, whose online platform enables travelers and event participants to store luggage with secure local shops and hotels.
A statement says Stasher plans to add new luggage hosts to its existing platform as travel recovers.
Jacob Wedderburn-Day, co-founder of Stasher, says the company managed to ride out the pandemic by taking a “pragmatic approach, with a goal of survival rather than growth” as revenues were reduced to nothing.
The company, which launched in 2015, says it is now operating in more than 300 cities across six continents, with bookings exceeding pre-pandemic levels.
Wedderburn-Day adds: “Exclusive integration with top quality brands has helped solidify our position as the most trusted brand in the market over the years. Cubby has done a fantastic job in the USA, which is a focus area of expansion for us. So this addition of their many established storage locations to our portfolio is an important step.”
Stasher announced $2.5 million in funding in January 2020.