Valet self-storage operator Clutter has raised $9 million in a Series A round of investment to help fund its plans for national expansion. The round was led by Sequoia Capital, a Menlo Park, Calif., venture-capital firm. As part of its investment, Sequoia partner Omar Hamoui will join the Clutter Board of Directors, according to a source.
Clutter has now raised $12.3 million in capital investment. It plans to expand its valet-style services to seven more metropolitan markets next year, including Boston and Houston, a source reported. After raising more than $3.3 million previously, Clutter most recently expanded to parts of New Jersey and New York. The move to the East Coast followed recent West-Coast expansion in Southern California and the Bay Area.
Similar to other valet-style storage operators, Clutter offers by-the-bin storage targeted at urban residents who don’t have adequate home storage. The Los Angeles-based company uses an online platform that allows customers to schedule free item pickup, maintain an image catalog of stored bins and bulky items, and schedule delivery of items to their home. The company launched in 2013.
Sources:
- TechCrunch: Clutter, the On-Demand Storage Service, Raises $9M Series A From Sequoia
- Wall Street Journal: Clutter Raises $9 Million for Its On-Demand Storage Service
