US-based physical storage service Clutter closed a $64m series C round yesterday featuring GV, the corporate venturing unit formerly known as Google Ventures.
GV, a subsidiary of internet and technology group Alphabet, was joined by investment firm Atomico, which led the round, and venture capital firms Sequoia Capital and Fifth Wall Ventures, the latter of which is backed by corporates including CBRE, Prologis, Lennar and Hines.
Founded in 2015, Clutter operates a service whereby users can store physical possessions on demand.
Users can arrange the collection or delivery of selected goods using an app, and because the startup is solely in charge of the storage process it is able to rent space in less desirable but more affordable locations.
Clutter is currently operating in Los Angeles, San Francisco, New York, New Jersey, Chicago, Seattle, Santa Barbara, San Diego and Orange County, but will use the series C cash to expand to more US cities as well as internationally, where it will harness UK-based Atomico’s experience.
The round took the company’s overall funding to approximately $96m. It initially raised $3.3m in seed funding from backers including Resolute Ventures, Amplify and angel investors Joanne Wilson, David Sacks and Matt Coffin.
Sequoia Capital led Clutter’s $9m series A round in late 2015 before investing $20m in the company in April 2016. Clutter was named as one of Fifth Wall’s portfolio companies when the firm emerged from stealth last month.