February 25, 2019 Comments Off on On-Demand Storage Company Raises $200M to Expand Views: 1225 California News, Los Angeles

On-Demand Storage Company Raises $200M to Expand

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Clutter, a tech-enabled, on-demand storage company has raised $200 million to expand. The Culver City, CA-based firm, which manages the pickup, storage and retrieval of your belongings, received the Series D funding from SoftBank Vision Fund with participation from Sequoia, Atomico, GV, Fifth Wall and Four Rivers.

Currently, Clutter operates in greater areas of New York, San Francisco, Los Angeles, Chicago, Seattle, San Diego, Orange County and northern New Jersey. It will use the new capital to expand in those existing markets, and enter new markets including Philadelphia, Portland and Sacramento.

“Before Clutter, the storage customer experience had been largely unchanged since the first self-storage facility opened in the 1960s,” said Clutter Co-founder and CEO Ari Mir. “If people don’t want to leave the house to pick up Chinese food, why would they want to spend their Saturday renting a truck and lugging their stuff to storage?”

Justin Wilson, director at SoftBank Investment Advisers, said storage is a vast and traditional market with huge potential for disruption. “Clutter’s technology and superior customer proposition will help facilitate future growth in expanding urban communities where space is at a premium,” he added.

Read More at Reuters

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