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Business News Flash – National News

March 25 2019

March 25, 2019

 

Iron Mountain extends $30 million in financing to MakeSpace


Source: Kyle Wiggers, Venture Beat


 

MakeSpace expansion
MakeSpace’s partnership with Iron Mountain will allow the company to expand its self-storage services to San Francisco, Boston, San Diego, Seattle, Philadelphia and Toronto.

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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