French startup Lockall developing a storage solution for professionals and individuals, has just raised €155 million from a subsidiary of the American fund Starwood Capital Group.
Currently, the company has five self-storage sites in operation, the company plans to establish itself as a leader in the region. It plans to open four more locations and will announce two additional sites by the end of the year. It plans to reach 15 sites by the end of 2026.
Vice-President of Starwood Capital Group, Will Lawler said: “We are delighted to support Lockall in its growth strategy in the very attractive market of the Paris region. Lockall has proven its ability to develop the best assets and services with exceptional operational excellence. This partnership is a continued sign of our confidence in the self-storage sector across Europe.”
Storage solutions for all needs
Founded by Alexis de l’Épine in 2020, Lockall provides flexible storage solutions in spaces in prime locations, in the heart of very densely populated areas such as the 8th and 13th arrondissements of Paris or Suresnes in Hauts-de-Seine. It offers a variety of storage boxes ranging from 0.5 to 150 m², with no commitments or security deposits.
The storage spaces are designed for easy access, featuring parking and unloading areas along with handling tools. Security is ensured through internal encrypted digital key technology.
Maisons des Artisans, a B2B solution
Besides this, the company offers “Maisons des Artisans” for artisans and entrepreneurs. These spaces include storage areas, private workshops, individual and shared workspaces, and offices, enabling small businesses to access the services they need while collaborating effectively.
These are located on fully renovated former brownfield sites in both inner and outer suburbs, including Lognes in Seine-et-Marne, Poissy in Yvelines, and soon in Argenteuil in Val-d’Oise and Vélizy-Villacoublay in Yvelines.
Alexis de l’Épine, co-founder of Lockall, said, “It’s a real accelerator. This new financial contribution demonstrates the relevance of our storage solutions and opens up new prospects for us to set up in the Ile-de-France region. In total, Lockall already boasts a portfolio of 9 sites which allows it to offer a total surface area of 82,000 m2, or approximately 10,000 individual spaces. This fundraising will allow us to pursue our strategy to meet the needs of individuals and professionals in the Paris region.”
