LUGGit

LUGGit is a luggage management service based in Portugal, offering on-demand luggage pick-up, storage, and delivery solutions designed for travelers in urban areas, enhancing convenience and efficiency during their journeys. Founded in 2019 in Ilhavo, Portugal, LUGGit specializes in providing luggage management services. The company was established by Diogo Correia, Hugo Fonseca, and Ricardo Figueiredo, with Ricardo Figueiredo currently serving as CEO. LUGGit has successfully completed 2 deals, with its most recent deal occurring on November 21, 2023.

The company raised EUR 1. 8 million in Seed funding, co-led by Buenavista Equity Partners and Caixa Capital, along with participation from Portugal Ventures, raising a total of EUR 1. 8 million to date. LUGGit is a luggage management service that provides on-demand pick-up, storage, and delivery of luggage to customers in key urban markets.

The company's core offerings include the collection of bags from various locations, secure storage, and timely delivery to designated drop-off points, accommodating travelers before check-in or after check-out. This service alleviates the stress of carrying luggage, especially during busy travel days or when tourists have gaps between their arrival and accommodation availability. LUGGit primarily targets tourists and business travelers in major cities including Lisbon, Porto, Madrid, and Barcelona, serving both individual consumers and businesses such as hotels and travel agencies. LUGGit generates revenue through a transaction-based model that charges customers for luggage storage and delivery services.

Pricing is structured around factors such as pick-up and drop-off locations, the type and number of bags, and the duration of storage, starting at 4. 99 EUR per bag. Additional costs may apply for premium insurance options covering higher valued items. By facilitating direct transactions with individual consumers and businesses, LUGGit creates multiple revenue streams, including partnerships with short-term rental services and travel agencies that may bundle LUGGit services with their offerings.

In November 2023, LUGGit raised EUR 1. 8 million in Seed funding, which will be used to expand operations and enhance its real-time luggage platform. The company plans to introduce new product features that enhance customer experience and is targeting expansion into additional urban markets across Europe, with specific cities yet to be announced. This funding will support the development and implementation of these strategic initiatives.