On-Demand Self Storage Platform Clutter Target To Raise $200-$250 Million

Clutter Inc

Clutter Inc, Culver City, California-based on-demand storage platform is looking to raise a whopping $200-$250 million in a fresh round of investment. Sequoia Capital backed firm is termed as Uber of storage segment. The company helps users by taking their extra belongings to their storage and users need not leave their house. While there is no confirmation regarding the backers, there are a few reports suggesting that Japanese conglomerate SoftBank will be leading the fresh round.

Started in 2014 by Ari Mir and Brian Thomas, the company has already raised $96.3 million in funding from various rounds. The investors of the company include Sequoia Capital, Atomico, GV, Bracket Capital, Fifth Wall, Javelin Venture Partners, Four Rivers Group, Wonder Ventures, and TYLT Ventures.

Clutter Founders

Users can request for the extra belongings storage with the help of the mobile app of the company and the firm will respond appropriately. The firm claims to have the best workers who make sure that they get the job done perfectly. The service includes pack up, update the app with the photos and then take the stuff to the storage of the company.

During the last investment round, the company was valued about $240 million. However, if the current report of funding materializes, the valuation of the firm will soar to double. The company currently has their presence in the Bay Area, Southern California, Seattle, New York, and Chicago. With the fresh investment, the firm might plan to expand their presence across the country.

U-Haul, MakeSpace, Omni, Trove, Livible, and Closetbox are the other players operating in the same segment.


Image Courtesy : businessinsider, glenwoodnyc

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