Bellhops raises $31 million, most by any startup in Chattanooga history

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CHATTANOOGA, Tenn. (WDEF) — Bellhops announced Tuesday that it has raised over $31 million in its most recent fundraising campaign — marking the largest amount of funds raised by a startup in the history of Chattanooga. And the company plans to keep most of that money right here in the Scenic City.

Thanks to investments from venture capital companies, Chattanooga’s own Bellhops has become a multi-million dollar company.

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“This is money that comes in from the outside, from investors from the outside, comes into our community and then gets put into people who will be working right here in our city. That’s huge economic development for us,” Chattanooga Mayor Andy Berke said.

Mayor Berke expects at least 120 new jobs to come from this growth.

Bellhops can be described as the Uber or Lyft of the moving industry — revolutionizing a traditionally brick and mortar service to be streamlined online.

This year alone, Bellhops expanded services to 10 new cities and increased revenue by 150 percent.

“We’re very focused on job creation,” Chamber of Commerce CEO Christy Gillenwater said. “Job creation, talent pipeline development, and it’s exciting to see both Luke, Cam, Kyle, other team members here at Bellhops really lean in, not only about their own success here at Bellhops, but the community’s successes as well.”

Bellhops began with the mission to help college students move in and out of their dorms easier.

Now, the digital company has grown to 31 cities in 13 states.

However, the business model keeps everything headquartered right here in Chattanooga.

“The way that you can grow things centrally, keep things based in Chattanooga, and then also providing a better service is through technology. And that’s, we’re the only player in town that can do that, the only player in the industry who can do that,” said Luke Marklin, CEO of Bellhops.

Bellhops plans to use most of this 31 million dollars in new Chattanooga hires. For a full list of job postings, check here.

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Angela joined the News 12 team in November of 2017 as the weekend sports anchor and reporter. Angela is a proud member of an Army family, which means she has hometowns all over the Eastern Seaboard. Most recently, she calls Peachtree City, Georgia, home, where she graduated from Trinity Christian School and spent her free time driving her purple golf cart. She then headed to Milledgeville, Georgia, to attend Georgia College and State University. A proud Bobcat, Angela graduated Summa Cum Laude with a BA in Mass Communication and represented her December 2016 class as one of three valedictorians. Angela comes to the Scenic City from Myrtle Beach, South Carolina, where she worked at the NBC affiliate, WMBF News. Before the big move, she worked as Georgia College's Sports Information Assistant, which let her get paid to be the Bobcats' biggest fan. It all started in Savannah, Georgia, though, where she interned for SAV's number one station, WTOC. When she's not working, you can find Angela watching the New York Giants, Rangers or basically any other game that's on. She also loves traveling, hiking and exploring new places, all with her camera in hand. If you have any story ideas, big or small, feel free to reach out to her on Facebook and Twitter, or email her at amoryan@wdef.com."