NY-based MakeSpace, the Dropbox for physical objects, has today closed an $8 million Series A funding round led by Upfront Ventures, with participation from Founders Fund, OATV, and follow-ons from existing investors Lowercase Capital, High Peaks Venture Partners and Collaborative Fund.
This round brings the company’s total funding to $10.1 million.
MakeSpace started out last year with the goal to bring the same organization and convenience of cloud storage services, like Dropbox and Google Drive, to the physical objects in your home. In big cities like San Francisco and New York, dealing with storage issues is a fact of life, and usually a painful one.
Not only can the prices be painful, but the customer experience is difficult, at best. In most cases you’re responsible for taking your stuff to and from the facility, and if you’re not compulsively organized, finding something in your storage unit can be a nightmare. MakeSpace aims to change all that.
Users pay $25/month to get four bins worth of storage. But the key here is that users have on-demand delivery and drop-off of all those items, not unlike a download or upload to a cloud storage service. You can keep track of your stuff on a bin-by-bin basis, through pictures and lists within the app, and request a single bin delivered or your entire stash.
Mark Suster, an investor in the service, describes it as the reverse of Amazon.
While Amazon blew away existing physical distribution channels to deliver products to you, we are blowing away existing physical infrastructure to help you store the things you want to keep – just not at your home. We have been offering van pick-ups in our storage vans at your apartment in NYC for just under a year and already have an enormous client base – demand has exceeded our supply as we’ve had to onboard more pickup vans & drivers to add pick-up capacity.
To check out MakeSpace for yourself, head over here.