MakeSpace packs up a $30 million Series C

April 21, 2017

This week, on-demand storage provider Makespace announced it raised a $30 million Series C.

The round was led by 8VC with participation from existing investors Upfront Ventures, Harmony Partners and Summit Action. The latest financing follows a $17.5 million round raised early last year.

MakeSpace launched back in 2013, after Hurricane Sandy hit and co-founder Sam Rosen had to help move his then-girlfriend into a self-storage unit. Rosen became frustrated with the inconvenience of locating the storage unit the next day, and MakeSpace was born.

The company provides storage bins, packing and pickup on-demand, ultimately aiming to replace the traditional self-storage model. MakeSpace stores customers’ belongings in warehouses outside city centers, and customers can manage their storage remotely through a digital catalogue of their stored items.

“We are driven and highly focused on creating the very best experience for our consumers,” said Sam Rosen, founder and CEO of MakeSpace, in a statement. “8VC shares our passion for disrupting an antiquated industry and creating the 21st century version of a storage company.”

Today, the company’s services are available in New York City, New Jersey, Chicago, Washington D.C. and Los Angeles. The company plans on using the funding to scales its business, as well as further develop its logistics technology platform and operational infrastructure.

Image via Makespace. 

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