March 25, 2019
Iron Mountain extends $30 million in financing to MakeSpace
Source: Kyle Wiggers, Venture Beat
Self-storage company MakeSpace has secured $30 million in financing from record-storage and logistics firm Iron Mountain.
MakeSpace has announced that it will also acquire Stashable, Iron Mountain’s valet consumer storage business. The partnership will provide an additional 2.1 million cubic feet of storage to Iron Mountain and its subsidiaries.
MakeSpace, which was founded in 2013, allows customers to choose from one of several storage plans. The company then handles picking up and delivering the items to its storage hubs, which are outfitted with cameras and alarms.
Prior to the deal with Iron Mountain, MakeSpace operated in New York City, Chicago, Los Angeles, and Washington, D.C. Now the company will be expanding into San Francisco, Boston, San Diego, Seattle, Philadelphia and Toronto.
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