# Nannybag

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

- Industry: Internet
- Headquarters: Paris, France
- Website: www.nannybag.com
- Total disclosed funding: $1.3M
- Latest round: Seed (Jan 13, 2020)
- Investors on record: 2

## About

Nannybag SAS provides an innovative luggage storage solution, offering travelers convenient and secure bag storage in local businesses such as cafes and hotels, allowing them to explore without the burden of their belongings.Nannybag SAS, founded in 2016 in Paris, France, operates a collaborative luggage storage network. The company has engaged in three deals, with its latest funding round, a Seed round, completed on January 13, 2020, raising EUR 1.15 million from Expon Capital and FaDiese. The company is currently valued at EUR 5.71 million and is led by CEO Matthieu Ballester, who co-founded the company with Samir Senouci.Nannybag operates a collaborative luggage storage network, allowing travelers to securely store their luggage at partner shops, including cafes, hotels, and local businesses. This service alleviates the common issue of dragging bags while exploring new destinations, catering to tourists and business travelers in high-footfall tourist markets worldwide.Nannybag employs a transaction-based revenue model, charging customers EUR 3.50 per bag per day for luggage storage. This model is supplemented by B2B partnerships, where local businesses receive revenue shares for facilitating storage, while customers benefit from flexible booking options and luggage protection coverage valued at EUR 10,000.In January 2020, Nannybag SAS successfully raised EUR 1.15 million in a Seed funding round, which valued the company at EUR 5.71 million post-money. The funds will be utilized to enhance existing services and support expansion efforts into new markets, specifically targeting additional major tourist cities by the end of 2023. The company is developing new features to improve user experience and enhance its global presence.

## Funding rounds

- Seed, Jan 13, 2020, $1.3M — FaDiese, Expon Capital

## Investors

- FaDiese (https://capitalatlas.ai/funds/fadiese) — Seed
- Expon Capital (https://capitalatlas.ai/funds/expon-capital) — Seed