KDDI Open Innovation Fund III Invests in Bounce, Provider of a Global Network of Luggage Storage Services
December 4, 2024
KDDI CORPORATION
KDDI invested in Bounce, Inc. (Headquarters: San Francisco, California, United States; CEO: Cody Candee; hereinafter "Bounce"), the provider of a global network of luggage storage services, through KDDI Open Innovation Fund III (operated by Global Brain Corporation; hereinafter "KOIF III"), which aims to incubate new business co-creations with promising venture startups.
Bounce cooperates with local businesses to provide marketplace-type temporary luggage storage services aimed primarily at tourists. The company has expanded the number of local partners and users in more than 100 countries around the world, mainly in Europe and the United States in cities such as 
London, Tokyo, New York, Dubai, Sydney, and Paris, to become the current global market leader.
Going forward, Bounce plans to continue its full-scale expansion of operations in Europe, South America, North America, and Asia.
Through this investment, KDDI will leverage real assets such as the stores it owns, as well as its knowledge of store management methods, to support Bounce's expansion in Japan.
As "the company that customers feel closest to," KDDI will continue to promote business co-creation through investment in promising startup companies, and create new business models together with customers and partners.
MUGENLABO Magazine
Provider of a Global Network of Luggage Storage Services - Bounce (in Japanese only)
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- ■Overview of Bounce
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- URL
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Bounce's mission is to make life more comfortable for people around the world and provide greater freedom from the constraints of schedules. Since its establishment in 2019, Bounce has developed a network of more than 13,000 luggage storage facilities in over 4,000 cities across North America, Europe, Asia, and Oceania, which provides convenient short-term luggage storage services for travelers and local users. At present, Bounce is partnered with local companies in 100 countries around the world to support them in diversifying their revenue streams. Bounce is continuing to expand into new areas with the aim of creating a world that can be accessed with the simple tap of a finger when needed.
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- ■About KDDI Open Innovation Fund
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KDDI Open Innovation Fund is a corporate venture fund that supports a broad range of venture companies. The currently active KDDI Open Innovation Fund III focuses on the areas of AI, IoT, data marketing, fintech, B2B SaaS, and entertainment with a total operating fund of 30 billion yen.
- ■About
