Total amount raised
$296.3 Millions
Latest funding date
02/01/2019
Location
Clutter has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The company offers innovative moving and storage solutions designed to be both affordable and hassle-free.
Keep reading to explore the intricacies of Clutter's fundraising journey and the investors backing this practical platform.
What Is Clutter?
Clutter is a company that provides moving and storage services with a focus on affordability, convenience, and modern solutions. They offer services such as picking up items from customers' homes, storing them in secure warehouses, and delivering them back when needed.
Founded in 2015, Clutter operates across North America, with services available in almost every major metropolitan area of the United States and Toronto, Canada. The company emphasizes customer satisfaction and has partnerships with well-known brands and personalities.
Unfortunately, the names of the founders and the number of employees are not available from the provided sources.
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: $2M
- 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 presence.
- Seed Round
- Amount Raised: $1.3M
- Date: August 2015
- Lead Investors: Resolute Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the technology and enhance customer experience.
- Series A
- Amount Raised: $9M
- 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
- Amount Raised: $20M
- Date: April 2016
- Lead Investors: Sequoia Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance infrastructure and support rapid growth.
- Series C
- Amount Raised: $64M
- Date: June 2017
- Lead Investors: Atomico
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand internationally and improve service efficiency.
- Series D
- Amount Raised: $200M
- Date: February 2019
- Lead Investors: SoftBank Vision Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To solidify market leadership and explore new business opportunities.
Total Amount Raised: $296.3M
Current Valuation: Not publicly disclosed
Key Investors
- Atomico
- Details: Atomico is a European venture capital firm known for investing in technology startups. They focus on companies with the potential to disrupt large markets.
- Investment Focus Areas: Technology startups, disruptive markets, global scaling.
- Notable Investments: Klarna, Lilium, Pipedrive.
- Sequoia Capital
- Details: Sequoia Capital is a prominent venture capital firm that has funded numerous successful technology companies. They invest in early and growth-stage companies across various sectors.
- Investment Focus Areas: Technology, healthcare, consumer services.
- Notable Investments: Apple, Google, WhatsApp.
- GV (Google Ventures)
- Details: GV is the venture capital arm of Alphabet Inc., focusing on early-stage investments in various sectors. They have a broad investment portfolio.
- Investment Focus Areas: Technology, life sciences, consumer products.
- Notable Investments: Uber, Nest, Slack.
- Fifth Wall
- Details: Fifth Wall is a venture capital firm focused on real estate technology. They aim to bridge the gap between the real estate and technology sectors.
- Investment Focus Areas: Real estate technology, innovation, urban development.
- Notable Investments: Opendoor, Blend, Hippo.
- Resolute Ventures
- Details: Resolute Ventures is an early-stage venture capital firm. They focus on supporting startups through their initial growth phases.
- Investment Focus Areas: Early-stage startups, technology, consumer products.
- Notable Investments: Not publicly disclosed.
What's Next for Clutter?
Clutter's future looks promising as it eyes expansion into the European market, leveraging Atomico's expertise. The $30 billion U.S. storage market presents a significant opportunity, with 11 million households renting storage units. This growth potential is bolstered by increasing urbanization and rising rents, driving demand for efficient storage solutions.
Future fundraising seems likely, given the strong interest from top venture capital firms. Clutter's innovative approach and proven business model make it an attractive investment. However, challenges such as competition from other startups and managing logistics as they scale could pose hurdles. Maintaining service quality while expanding will be crucial for sustained success.
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