24 Storage operates a digital marketplace for customers to find and rent storage units. The company plans to further digitize its service so customers can complete the entire rental process online. Management says the funds will be used to expand operations in Sweden and to improve the company’s platform. The raise consisted of both venture capital and bank financing, strengthening the company’s financial position for domestic growth. CEO and co‑founder Michael Fogelberg framed the round as a major milestone that will help the company become much bigger in Sweden. No operating metrics were disclosed in the article.

Total raised

$26M

Funding rounds

2

Latest round

Debt Financing

Latest activity

Feb 2017