Bungii closed on $3.4M in funding this year.
Company // Bungii
Entrepreneurs // Co-founders Ben Jackson and Harrison Proffitt
What they do // Bungii, which launched in Kansas City in November 2016, is an app that quickly connects users with a pickup truck and driver to help move, haul and deliver items. The company has been compared to ride-sharing apps, but instead of moving passengers, it moves your stuff.
The Inspiration // After Jackson got four requests in one day from friends at Kansas State University who wanted to borrow his truck to move things, he and Proffitt developed the idea for Bungii during a business class.
What’s next // The partners had hoped to raise $2 million in a funding round that closed in January. Bungii, which has been growing at more than 20 percent each month, instead closed with $3.4 million. That investment will help fuel an aggressive growth plan. By the start of 2019, Jackson said Bungii plans to quadruple the size of its staff and operate in 12 cities. Expansion started in January in Atlanta.
“We’re seeing excellent early traction and are exceeding the numbers we saw from our KC launch,” Jackson.
Now that the funding round is closed, he said Bungii is “entirely focused on expanding as quickly and efficiently as possible.”
The company has pilot programs approved with Costco and Pottery Barn, two businesses where shoppers often have large loads to move.
Contact // bungii.com