Closetbox, Inc.
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Closetbox, Inc. - overview
Established
2014
Location
Denver, CO, US
Primary Industry
Consumer Services
About
Closetbox, Inc. specializes in providing on-demand storage solutions, combining the convenience of pickup and delivery for residential and commercial clients, streamlining the storage process effectively. Founded in 2014 and headquartered in Denver, US, Closetbox, Inc. offers innovative storage solutions.
The company has successfully completed 5 deals, with the most recent funding round being a Series A of USD 7. 30 mn, matching the total amount raised of USD 7. 30 mn. The current company valuation stands at USD 19.
80 mn. The CEO, Kenn Perry, leads the company as it navigates its path in the storage industry. Closetbox provides a unique solution in the storage and moving industry, primarily focused on on-demand storage services. Their main offering includes a service where Closetbox staff collects items for secure storage and later returns them upon request, effectively catering to both residential and commercial clients.
The service is designed to meet the needs of individuals, families, and businesses in urban markets across the United States, offering flexible storage options without the hassle of traditional self-storage facilities. Closetbox generates revenue through a transactional model based on its storage services. Clients typically engage in a direct-to-consumer structure, utilizing customized offerings that include both short-term and long-term storage plans. Pricing is structured around the volume of items stored and duration, with additional charges for pickup and delivery services, ensuring a seamless booking experience for customers.
Their revenue streams are bolstered by partnerships with local businesses, expanding their client base in a competitive market. As of March 15, 2022, Closetbox, Inc. filed for Chapter 7 bankruptcy. The company had plans to leverage recent funding to support initiatives aimed at new product development and market expansion.
However, specific upcoming product launches and targeted geographic regions for growth were not outlined, reflecting the challenging state of the company.
Current Investors
Boulder Ventures, Service Provider Capital
Primary Industry
Consumer Services
Sub Industries
Courier & Delivery Services, Warehouses
Website
www.closetbox.com
Company Stage
Ceased Operations
Total Amount Raised
Subscriber access only
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.