Madrid-based bob.io raises €3 million to take care of luggage for travelers
01/12/2020|11:26:12 PM|EU Startups

Spanish startup bob.io, a tech-enabled service that allows passengers to check-in bags from home and travel to and through the airport without their luggage, has announced securing a €3 million funding round. The startup will use funding to expand internationally and continue developing new services to satisfy passengers’ needs, including the door-to-door service.

bob.io secured the round from current Spanish investors, K Fund, Big Sur Ventures and business angels Andreas Mihalovits and Carlos Domingo, as well as international investors GAA Investments (EEUU) and TA Ventures (Ukraine).

The volume of air passengers will almost double in the next ten years, from 4.4 billion in 2018 to 8 billion in 2035, according to the International Air Transport Association (IATA). bob.io, whose origin was dealing with the frustration of traveling with baggage, was born to tackle the biggest problem that airports will face, becoming bottlenecks.

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