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Report: On-demand goods storage startup Clutter raising up to $250M
On-demand goods storage startup Clutter Inc. is in the process of raising a new round of up to $250 million from SoftBank, according to a report today from TechCrunch.
Sometimes described as the Uber of storage, the Culver City, California company offers a service that allows users to store extra belongings without leaving their house.
Users access an app to book a pickup time for the items they want to have stored. Then a driver packs, photographs and catalogs the items requiring storage before taking them to one of Clutter’s storage facilities.
Although storage doesn’t exactly sound like cutting-edge tech, Clutter indexes and stores good individually. This allows users not only to check on whether their item is safely stored via the Clutter app but also to use the app to have individual items returned to them, negating the need to unpack and go through boxes when a single item is required.
Clutter is said to currently operate in the San Francisco Bay Area, Southern California, Seattle, New York City and Chicago, with the new funding likely to be used to further expand the locations.
The company’s last funding came in June 2017 via a $64 million round led by Atomico. Previous investors include GV (Google Ventures), Bracket Capital, Fifth Wall, Javelin Venture Partners, Four Rivers Group, Wonder Ventures, TYLT Ventures and Sequoia Capital.
If the round does go through, it will be Clutter’s largest venture capital round to date and, presuming it comes in at $250 million, will take its total amount raised to $346.3 million.
Image: Clutter
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