Monday, April 24, 2017

MakeSpace Raises $30M More For On Demand Storage To Expand In LA

MakeSpace, a provider of "on-demand" self storage in Los Angeles, new York City, Chicago, and Washington D.C., has raised $30M in a funding round, from 8VC and Upfront Ventures. MakeSpace is led by Sam Rosen. According to the company, the funding will go towards building outs its operations in Los Angeles as well as its other cities. MakeSpace picks up items from people for storage, on a bin-by-bin basis, and also has mobile apps which lets people see what is in those bins. The company has plans ranging from a 2x2 "Hall Closet" for $59/month in LA, to enough space to store a 10x20 "3BR Apartment" at $429/month. The company says its costs of self storage--due to no need to provide direct customer access, ability to store items in a denser space, automation, and other efforts--reduces its costs to 50% that of traditional self storage operators.