About 24Storage
24Storage is a company based in Stockholm (Sweden) founded in 2015 was acquired by Nuveen in December 2021.. 24Storage has raised $10.1 million across 3 funding rounds from investors including Nuveen, Collector Bank and Ernströmgruppen. 24Storage operates in a competitive market with competitors including SelStor, Vinden, Big Easy, Green Storage and Budkeep, among others.
- Headquarter Stockholm, Sweden
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Sectors
Transportation, Automotive & LogisticsBusiness Services
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Phone
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Website
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Social
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Funding Insights of 24Storage
24Storage has successfully raised a total of $10.1M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $5.6 million completed in February 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $5.6M
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First Round
First Round
(31 Jan 2016)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2017 | Amount | Debt – Conventional - 24Storage | Valuation |
investors |
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| Feb, 2017 | Amount | Series A - 24Storage | Valuation | Ernstromgruppen | |
| Jan, 2016 | Amount | Seed - 24Storage | Valuation | Backstage , Ernstromgruppen |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in 24Storage
24Storage has secured backing from 7 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Nuveen, Collector Bank and Ernströmgruppen. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investments are made in Nordic scale-up companies.
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Founded Year | Domain | Location | |
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Early-stage tech-focused VC firm investing primarily in Sweden
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Founded Year | Domain | Location | |
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Online banking services are offered to individuals and corporates.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by 24Storage
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - 24Storage
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
24Storage Comparisons
Competitors of 24Storage
24Storage operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as SelStor, Vinden, Big Easy, Green Storage and Budkeep, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Self-storage facilities are owned and operated in Sweden.
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| domain | founded_year | HQ Location |
On-demand storage and delivery services are offered via mobile app.
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| domain | founded_year | HQ Location |
Juices are branded and distributed under the Big Easy name.
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| domain | founded_year | HQ Location |
Platform offering on-demand warehouse storage services on rent
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| domain | founded_year | HQ Location |
An online P2P marketplace for connecting users and providers of storage services.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about 24Storage
When was 24Storage founded?
24Storage was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is 24Storage located?
24Storage is headquartered in Stockholm, Sweden.
Is 24Storage a funded company?
24Storage is a funded company, having raised a total of $10.1M across 3 funding rounds to date. The company's 1st funding round was a Seed of $4.5M, raised on Jan 31, 2016.
What does 24Storage do?
24Storage is a self-storage service provider for goods. It provides a web-based platform on which users can select book a self-storage unit based on their requirements. Users can move in and out their belongings in their storage unit using a keycard. On some of its facilities, users can also book trailers for the transportation of their goods. The platform claims that all facilities are temperature controlled and regularly monitored under video surveillance. It also provides insurance against theft and damage due to other circumstances.
Who are the top competitors of 24Storage?
24Storage's top competitors include SelStor, Vinden and Green Storage.
Who are 24Storage's investors?
24Storage has 7 investors. Key investors include Nuveen, Collector Bank, Ernströmgruppen, Backstage Invest, and Inbox Capital.
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