Boxbee, a San Francisco and New York-based on-demand valet storage solution for urban dwellers in New York and San Francisco, secured $5m in Series A funding.
The round was led by Metamorphic Ventures, with participation from Floodgate, Northgate and an unnamed home improvement company, in addition to previous investors.
The company intends to use the funds to further the development of its backend technology, operations of deliveries, and accelerate 2015 expansion plans beyond its current bicoastal presence to other major metropolitan areas.
Founded in 2013 by CEO Kristoph Matthews, Boxbee is a storage and logistics provider for homes and businesses. The service transports people’s things to and from storage in durable plastic boxes. Users can view a list of their boxes in storage via online account, and schedule a delivery when they need one. Monthly storage rates are priced by-the-box and there are never any contracts.
FinSMEs
16/12/2014