The demand for self-storage space will continue to rise in the future, because increasing urbanisation means that living space is becoming smaller and more expensive, especially in cities. In this scenario, customers see Austrian storage and logistics scaleup Storebox as an extension of their living space and store items that would take up a lot of space. Companies use Storebox’s urban and decentralised logistics solutions to make the last mile as innovative and efficient as possible.
€67M for European expansion
With a focus on expanding market leadership for urban storage and logistics solutions, Storebox has snapped over €67 million in one of the largest financing rounds in Austria this year. The capital came from existing investors, including Senger-Weiss Family Offices, Wille Finance, Kineo Capital (that backed Kiwibot), Urban Pioneers, ActivumSG, Hansi Hansmann and Markus Ertler, and Raiffeisenbank International.
With the Series B round, the company plans to secure its market leadership and expand and densify its store network across Europe.
“We are extremely proud that we were able to secure capital despite the challenging market environment for start-ups and are sending a strong signal for our future growth,” added Dr. Johannes Braith, CEO and Co-Founder of Storebox.
“Advanced and efficient solutions in optimising the last mile are becoming increasingly important for the cities of the future. Storebox is focusing precisely on this, finding innovative solutions that disrupt the market,” said investor Hansi Hansmann.
Shapes up urban logistics
Founded in 2016 by Christoph Sandraschitz, Ferdinand Dietrich and Johannes Braith, Storebox is the first fully digitised self-storage solution in Europe. It specialises in storage and logistics solutions in urban areas. The range of centrally located sites is used by both private and commercial customers.
Locations can be accessed around the clock and the booking process is completely digital. In addition to individual storage and logistics solutions, Storebox’s business offering also includes services such as Click & Collect, micro-hubs for the last mile and transport services. Its has locations in Austria, Germany, Belgium, Luxembourg, the Netherlands and Switzerland.
Storebox pays attention to urban developments when selecting locations. Especially, inner-city retail stores are affected by increasing vacancies and the scaleup offers an alternative to vacancy and optimal space utilisation of real estate.
Companies use Storebox’s urban and decentralised logistics solutions to make the last mile as innovative and efficient as possible. For example, IKEA, one of the company’s largest business partners, uses Storebox as a Click & Collect pick-up station to offer customers more flexibility when ordering online.