MakeSpace Raises $30 Million In Series C Funding Led By 8VC

Company Modernizing $30 Billion Storage Industry Scales to Meet Consumer Demand

NEW YORK – April 20, 2017 – MakeSpace, the leading full-service storage provider that picks up, stores and brings back your belongings, announced today it has raised a $30 million Series C round led by 8VC. Existing investors Upfront Ventures, Harmony Partners, and Summit Action also participated. The capital will be used to scale the business and further develop the company’s logistics technology platform and operational infrastructure to meet the growing demands for moving thousands of customers during peak season. 8VC partner Kimmy Scotti joined the company’s board of directors.

“We are driven and highly focused on creating the very best experience for our consumers,” said Sam Rosen, founder and CEO of MakeSpace. “8VC shares our passion for disrupting an antiquated industry and creating the 21st century version of a storage company. Kimmy has deep experience in business development and direct-to-consumer marketing and will bring her expertise to the board, which is invaluable as we continue our rapid growth.”

“MakeSpace is modernizing the archaic storage industry – with a clear opportunity to change how we think about the $30 billion space,” said Scotti. “MakeSpace has achieved impressive growth over the last year, signaling an enormous opportunity for the company. I have tremendous respect for Sam and his team and look forward to working with them.”

MakeSpace’s professional movers provide pick-up, packing and delivery services so that customers never have to visit a storage facility. Unlike traditional self-storage, MakeSpace stores customers’ belongings in massive warehouses outside city centers and passes along the real estate savings to its customers. Customers can manage their storage remotely by viewing their digital catalog to easily review items and schedule deliveries.

Following its launch in 2013, MakeSpace operates in New York City, New Jersey, Chicago, Washington, D.C., and most recently added Los Angeles.

About MakeSpace
MakeSpace, founded by Sam Rosen and Rahul Gandhi, set out to make storage more consumer-friendly, creating an affordable storage service that allows consumers to store their belongings without lifting a finger. MakeSpace’s professional movers provide pick-up, packing and delivery services so that customers never have to visit a storage facility. Customers can select a storage plan that suits their storage needs and manage items remotely through their digital catalog to easily view stored items, and manage pick-ups and returns. MakeSpace is headquartered in New York City. Find out more at makespace.com.