Venture Capital News: Lugg Pulls In $3.8M Seed Round
2015-08-27
SAN FRANCISCO, CA, Lugg, an on-demand app for large purchase delivery, has raised $3.8 million in seed funding.
According to TechCrunch, Lugg has now raised $3.8 million in seed funding from a number of investors, which will allow it to grow its team and expand to new cities.
Ronny Conway's A Capital led the round, which also saw participation from SV Angel, CrunchFund (disclosure: a fund founded by TechCrunch's original founder, Michael Arrington), and a number of angel investors, including Gmail creator and FriendFeed founder Paul Buchheit.
First launched in the San Francisco Bay Area in early 2015, the idea for Lugg came from Jordan Brown, who previously worked at a healthcare startup, but found himself facing the problem Lugg aims to solve first-hand. Many of us, both with and without cars, can also relate. We often have to make special, and sometimes expensive, delivery arrangements for our bigger purchases that don't fit in standard-sized vehicles, or we have to hunt down someone who has a truck and convince them to help us.
Other times, we simply miss out on deals - such as in the case of larger, secondhand items like those you find at garage sales or in classified ads, for example.
Lugg offers an alternative by connecting you with local movers who will meet you at a pick-up site in around 20 minutes with their own vehicle equipped to handle your item. To use Lugg, consumers simply snap a photo of the item with the Lugg mobile app, enter their location and the destination. Similar to Uber, payment is handled in the app itself.
(c) by Massinvestor, Inc. For contact info, please check out our
about page.
>> Click here for in-depth research on 9,000+ startups and 5,000+ VC investors