Affordable storage space for everyone: Store-Anything expands
Self-storage startup completes financing round for 1.5 million euros. The main investor is ILB subsidiary Brandenburg Kapital GmbH.
Potsdam, 01.03.2019: The self-storage startup Store-Anything will roll out its tried and tested business model throughout Germany with a financing of 1.5 million euros and thereby expanding its activities in an attractive growth market. Store-Anything’s expansion has been made possible by shareholdings of Brandenburg Kapital, a subsidiary of Brandenburg's promotional bank ILB, Thelo Kapital and other private investors. With prices well below market level, the Potsdam start-up is responding to a constantly increasing demand from private and commercial customers. So far, Store-Anything has been financed through a successful Kapilendo Crowdlending campaign, in which more than 400 convinced crowdlenders provided 403,000 euros in 2017.
In the last two years, the startup, which launched in 2014 as a pickup and delivery service, has already shown how a simple and transparent business model can stir up the dusty self-storage market. After the maximum capacity utilization of two locations, a third container park in the greater Berlin area and the first location in the Ruhr area followed in 2018. Founder and Managing Director Jörg Schwarzrock explains the background to the success story of Store-Anything: "Due to the failure of the original business model, a pickup and delivery service, we were able to learn a lot about the needs of our customers. We implemented these learnings in Store-Anything’s business model and created a good starting point for expansion through focused work." Thanks to this, two new locations are already in the starting blocks. Sophisticated processes and automation give Store-Anything a competitive advantage that is reflected in the low price for the benefit of customers and investors.
Thomas Krause, Managing Director of Brandenburg Kapital GmbH adds: "Store-Anything has developed above average since its foundation. The storage offer for private individuals and commercial customers as well as the enormous growth potential convinced us. Store-Anything now has the opportunity to drive the national roll-out with this financing round and become a nationwide provider in the storage market."
Store-Anything offers 20-foot maritime containers on video-monitored land for rent to private and commercial customers in metropolitan areas. The start-up attracts a diverse clientele through contractual flexibility (monthly notice period), transparent prices far below market level and 24/7 access by car. In addition to small craft businesses, the product is also interesting for other warehouse seekers due to the lack of space in large cities. Hobby craftsmen, for example, find a cheap alternative to expensive workshops thanks to the power supply offered in the containers.
About Brandenburg Kapital GmbH/ Investment Bank of the State of Brandenburg
The Investment Bank of the State of Brandenburg (ILB) manages various equity funds that finance growth- and innovation-oriented companies based in and/or having a place of operation in Brandenburg. The funds for the Seed and Growth Fund, set up on behalf of the Brandenburg Ministry of Economic Affairs, are currently being provided from the European Regional Development Fund and from ILB's own resources. The investment activities of ILB have so far accompanied more than 200 companies on their growth path with around 220 million euros. Around 8,400 modern jobs have been created or have been secured. The funds managed by ILB cover the entire spectrum from venture capital financing in the start-up and early growth phase to mezzanine financing for established medium-sized companies. In addition, private investors have so far invested more than 400 million euros in the companies.
For more information: www.brandenburg-kapital.de