The capital increase is intended to help expand the existing scale and expand into other countries.
Vienna-based self-storage start-up Storebox has raised 52 million euros from investors in a funding round. With the capital increase, the existing network of Storebox storage rooms will initially be standardized, especially in German cities of over 30,000 inhabitants. In another step, thousands of new locations will open in Europe over the next few years, according to a broadcast Thursday.
Activum SG, Attila Balogh, Kineo Finance, n3K Holding, Singer-Weiss, Wicklow Capital and Wille Finance joined as new investors. Existing investors Hansi Hansmann and APIC Investments are also contributing to the funding round.
There are currently 120 Storebox locations in Austria, Germany, Switzerland and Luxembourg. Demand for Storebox services will be boosted by new e-commerce offerings, message delivery within a few minutes, rising property prices and diminishing urban living space, according to the broadcast. According to the company, Storebox is Europe’s first fully digital self-storage solution. The company is based on the concept of franchising.
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