Radical Storage

Radical Storage, based in Italy, provides innovative luggage storage solutions, enabling travelers to securely store their bags at various locations, thus facilitating a convenient travel experience. Founded in 2016 in Rome, Italy, Radical Storage offers a platform for luggage storage through a network of partners known as "Angels. " The company has successfully conducted three funding deals, most recently raising EUR 6. 46 mn in Series A funding on October 25, 2024, with investments from Azimut, CDP Venture Capital, and other participants.

The company is led by CEO Alessandro Seina, while Giacomo Piva is listed as the founder. Radical Storage specializes in providing convenient luggage storage solutions through a network of strategically located partners, referred to as "Angels. " Their core service allows travelers to securely store their luggage at various public venues, including hotels, restaurants, cafés, and retail stores, thereby enabling a hands-free travel experience. Customers can easily access these storage options using an online booking system that connects them to nearby locations.

This service is particularly beneficial for tourists and business travelers who wish to explore cities without the burden of carrying their bags. Radical Storage has established a presence in major global markets, including Europe, North America, and parts of Asia, offering its services in cities such as London, New York, Paris, and Tokyo. In the most recent year, 2023, Radical Storage reported a revenue of EUR 4,839,705. 20 and an EBITDA of EUR -56,956.

70. The company generates revenue through direct bookings of luggage storage services, charging a standard fee of EUR 5 per bag per day. This transaction model operates on a B2C basis, allowing individual travelers to pay for the service at the point of use, while offering a guarantee of up to EUR 3,000 for stored items. Radical Storage plans to utilize the EUR 6.

46 mn raised in Series A funding to expand its range of services within the luggage storage industry. The company aims to introduce new products and enhance their offerings to better serve customers. Additionally, Radical Storage is targeting expansion into new geographic markets, building on its existing presence in Europe and North America by entering additional regions in Asia by 2025.