MakeSpace Makes Room for $30 Million Investment

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NEW YORKMakeSpace, a full-service storage provider that picks up, stores and brings back your belongings, 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.

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

NY Knicks’ forward Carmelo Anthony and actor Ashton Kutcher have previously invested in MakeSpace.

“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.