On-demand truck rental company Bungii has closed an oversubscribed Series A round led by co-investment fund KCRise Fund. The funding will be used for the platform’s “aggressive national expansion,” according to CEO Ben Jackson.
“It’s early, but we are seeing very positive KPIs from [our recent] Boston launch. It’s our fastest growing record to date,” Jackson tells Hypepotamus.
The startup last raised a $3 million round in early 2018.
“Each subsequent market is growing faster than the previous due to a more precise customer acquisition model,” Jackson says. “By the end of 2021, we will have a nationwide infrastructure layer in place providing on-demand, last mile, large item delivery. Bungii is the final link to the national supply chain.”
Bungii caters to those “I need a truck” moments that consumers face after purchasing a large couch or big-screen TV that is just too big for their regular vehicle. Jackson and co-founder Harrison Proffitt created the on-demand app to formally connect pickup truck owners to users through an app.
The customer takes a photo of the item they need moved and Bungii alerts vetted drivers in the area. Similarly to other on-demand apps, it connects the best person for the job, who meets the user, helps load and secure the item, and gets it safely delivered.
The customer can follow the journey via in-app GPS.
In addition to Boston, the app is available in Kansas City, Atlanta, Nashville, Chicago, Washington DC, Baltimore, and Miami. The company is part of the Advanced Technology Development Center (ATDC), Georgia Tech’s incubator and Atlanta is their largest market.
“The way the tech community in Atlanta, as a whole, as has rallied around us has been humbling and exhilarating at the same time,” says Jackson. “I might be biased, but I believe Atlanta is one of the most underrated tech hubs in the U.S.”