Clutter, a Culver CIty, Calif.-based tech-enabled storage company that manages the pickup, storage and retrieval of customers’ belongings, acquired The Storage Fox portfolio, for $152m.
The Storage Fox portfolio, comprised of four properties in New York, including Long Island City, Brooklyn, White Plains and Yonkers, will bolster Clutter’s presence in the city and will allow the company extend its services to customers who need regular access to their belongings, such as small business owners, contractors, pharmaceutical representatives and teachers.
Clutter will rebrand all four facilities and expects them to be fully operational under its brand by November 2019.
Launched in 2015 by Ari Mir, CEO, Clutter is a provider of on-demand storage services, operating in seven major market areas and over 1,000 cities and towns across the US.
The company, which leverages an end-to-end logistics and supply chain platform to improve its services to consumers, has over 1,000 team members and tens of thousands of customers in major market areas across the US, including New York, San Francisco Bay Area, Sacramento, Greater Los Angeles Area, Orange County, Palm Springs, San Diego, Chicago, New Jersey, Delaware, Philadelphia, Portland and Seattle.
Clutter has raised $300m from leading VCs, including SoftBank Vision Fund, Sequoia, Atomico, and GV. Since raising its Series D funding round earlier this year, the company continues to enter new markets and expand its customer base.
FinSMEs
20/09/2019