Total amount raised
$296.3 Million
Latest funding date
02/01/2019
Location
Clutter has successfully raised funds over 7 rounds, with the latest being a Series D round involving 12 investors, including the notable SoftBank Vision Fund. The company offers on-demand storage and moving services, providing affordable and convenient solutions for both local and long-distance needs.
Keep reading to explore the intricacies of Clutter's fundraising journey and the investors backing this innovative platform.
What Is Clutter?
Clutter, based in Culver City, California, operates in the consumer, self-storage, and service industries. The company provides on-demand storage and moving services, offering solutions for both local and long-distance needs.
With a workforce of 501-1000 employees, Clutter has established a significant presence across North America. The company has been acquired by Iron Mountain and continues to innovate in the storage and moving sectors.
How Much Funding Has Clutter Raised?
- Pre-Seed Round
- Amount Raised: Not publicly disclosed
- Date: February 2014
- Lead Investors: Amplify.LA
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the initial operations and develop the business model.
- Seed Round
- Amount Raised: USD 2,000,000
- Date: May 2015
- Lead Investors: Brick & Mortar Ventures, Resolute Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the service offerings and increase market reach.
- Seed Round
- Amount Raised: USD 1,300,000
- Date: August 2015
- Lead Investors: Resolute Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the technology platform and enhance customer experience.
- Series A Round
- Amount Raised: USD 9,000,000
- Date: October 2015
- Lead Investors: Sequoia Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enter new markets.
- Series B Round
- Amount Raised: USD 20,000,000
- Date: April 2016
- Lead Investors: Sequoia Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the service to additional cities and improve logistics.
- Series C Round
- Amount Raised: USD 64,000,000
- Date: June 2017
- Lead Investors: Atomico
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand internationally and enhance service offerings.
- Series D Round
- Amount Raised: USD 200,000,000
- Date: February 2019
- Lead Investors: SoftBank Vision Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further scale operations and solidify market leadership.
Total Amount Raised: USD 296,300,000. Current Valuation: Not publicly disclosed.
Key Investors
- SoftBank Vision Fund
- Details: SoftBank Vision Fund is a venture capital fund established by SoftBank Group, focusing on technology investments. It is one of the largest technology-focused venture capital funds in the world.
- Investment Focus Areas: Technology, artificial intelligence, robotics, telecommunications.
- Notable Investments: Uber, WeWork, Slack.
- Atomico
- Details: Atomico is a European venture capital firm founded by Niklas Zennström, co-founder of Skype. The firm invests in technology companies at various stages of growth.
- Investment Focus Areas: Technology, fintech, mobility.
- Notable Investments: Klarna, Lilium, Pipedrive.
- Sequoia Capital
- Details: Sequoia Capital is a prominent American venture capital firm that has invested in numerous successful technology companies. It is known for its early investments in companies like Apple and Google.
- Investment Focus Areas: Technology, healthcare, consumer products.
- Notable Investments: Apple, Google, WhatsApp.
- Resolute Ventures
- Details: Resolute Ventures is a venture capital firm that invests in early-stage companies. The firm focuses on providing support to startups in their initial growth phases.
- Investment Focus Areas: Technology, consumer services, enterprise software.
- Notable Investments: BarkBox, Opendoor, Clutter.
- Brick & Mortar Ventures
- Details: Brick & Mortar Ventures is a venture capital firm that invests in emerging companies developing innovative software and hardware solutions for the built world. The firm focuses on the construction and real estate sectors.
- Investment Focus Areas: Construction technology, real estate technology, infrastructure.
- Notable Investments: Built Robotics, Fieldwire, Rhumbix.
What's Next for Clutter?
Clutter is poised to capitalize on the growing urbanization and rising rents, which are driving the demand for efficient storage solutions. The company plans to expand into new markets, including Europe, leveraging its tech-driven service to disrupt the traditional storage industry. This expansion presents a significant opportunity, given the $30 billion market potential in the U.S. alone.
Future fundraising opportunities appear promising, with continued interest from top venture capital firms. Clutter's recent funding rounds suggest that further investments are likely as the company scales its operations and enters new markets. However, challenges such as competition from other startups and maintaining high service quality as they grow could pose hurdles. Despite these challenges, Clutter's innovative approach and market potential make it a strong contender for future success.
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