# Backpack

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/backpack

- Industry: Internet
- Headquarters: San Francisco, US
- Website: www.backpackbang.com
- Total disclosed funding: $0.1M
- Latest round: Seed (Aug 20, 2014)
- Investors on record: 1

## About

Backpack is a US-based logistics and delivery service dedicated to simplifying global product acquisition. It focuses on streamlining international shipping and enhancing the customer experience.Founded in 2014 in San Francisco, US, Backpack provides logistics solutions for international shipping. The company's founder, Fahim Aziz, along with Andrew Krueger, Emily Dubow, Gianni Iona, Graham Dubow, Sakib Sauro, and Sammy Burt, established it to address challenges in e-commerce. Backpack raised USD 0.12 mn in Seed funding from Y Combinator in August 2014, representing its sole funding round to date.Backpack is a logistics and delivery service focused on simplifying the process of obtaining products from around the world. Their primary offerings include an online platform that facilitates international shipping and tracking of orders, ensuring that customers can easily manage their purchases. The service is designed to address pain points in global e-commerce, such as shipping delays and complicated returns, ultimately enhancing the shopping experience for consumers. Targeting a diverse clientele, Backpack serves individual consumers who seek international products, as well as businesses looking to broaden their market reach. The company's services are available in various geographical markets, specifically catering to customers across North America, Europe, and parts of Asia.The revenue model of Backpack is structured around a direct-to-consumer sales approach, where customers pay for shipping services and associated product handling fees. Transactions are executed through the company's platform, allowing users to place orders and receive real-time updates on their shipments. This model encompasses various pricing plans, potentially including single shipment fees and subscription options for frequent users, which may offer discounts or enhanced services. Notable offerings include flagship services that capitalize on the company's commitment to reliability and quality, further solidifying its position in the logistics industry. Through this structure, Backpack aims to generate sustainable revenue by catering to the increasing demand for international shipping solutions.Backpack plans to leverage its recent Seed funding of USD 0.12 mn raised in August 2014 to enhance its platform and expand its service offerings. The company is designing new features to improve user experience and is targeting expansion into more regions across Asia and Europe by 2025. Their strategy involves refining logistics processes and possibly launching new services that cater to various customer needs, ensuring they remain competitive in the evolving logistics landscape.

## Funding rounds

- Seed, Aug 20, 2014, $0.1M — Y Combinator

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed