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Clutter Nets $20M Series B Financing

2016-04-07
LOS ANGELES, CA, Clutter, the leading on-demand storage provider that picks up, stores and brings back your belongings at the click of a button, announced this morning that they raised $20 million from Sequoia Capital.
This investment comes on the heels of Sequoia leading Clutter's $9 million Series A in late 2015. The capital will be used to accelerate Clutter's geographic expansion throughout the top US metro markets.

'Clutter's strong use of technology enables them to provide a step-function better storage experience at price parity with the incumbents in this $30 billion market,' said Omar Hamoui, partner, Sequoia. 'Brian, Ari and team have surpassed all our expectations and we're excited to double down on our support for their efforts to build a transformative company.'

Ari Mir and Brian Thomas, co-founders of Clutter, at one of their many storage centers. Their full-service storage product picks up, stores and returns customer's belongings at the push of a button. On April 7, Clutter announced Sequoia Capital led their recent Series B funding for $20M after previously leading Clutter's Series A in the Fall.

Ari Mir and Brian Thomas, co-founders of Clutter, at one of their many storage centers. Their full-service storage product picks up, stores and returns customer's belongings at the push of a button. On April 7, Clutter announced Sequoia Capital led their recent Series B funding for $20M after previously leading Clutter's Series A in the Fall.

Clutter launched its simpler, consumer-friendly full-service storage solution in 2013 in Los Angeles. Since raising their Series A in October 2015, only six months prior, Clutter has grown nearly 5x and now operates in Los Angeles County, New York, the Bay Area, New Jersey, San Diego, Orange County and Ventura County.

'To have had Sequoia, an investor in Google, Apple, YouTube and other landmark companies, lead both of our rounds is a true testament to their belief in not only the team that we've created, but the market opportunity ahead of us,' said Brian Thomas, co-founder and CEO of Clutter. 'Sequoia's world-class guidance and resources will allow us to continue our vision of making the world more convenient.'

Clutter, based out of Los Angeles, California, backed by Sequoia, Wonder Ventures, Resolute Ventures and others, takes the 'self' out of self-storage. Employing over 175 team members across their various markets, Clutter is currently hiring. Check out https://www.clutter.com/careers/ to apply.

About Clutter
Based in Los Angeles, California, co-founders Brian Thomas and Ari Mir set out to make the world more convenient. Clutter's storage service allows consumers to safely and affordably store their belongings without lifting a finger. Clutter sends professional movers who can help pack and transport clients' belongings to a safe and secure storage facility. Customers can then browse their online storage unit and select photos of any items they're storing and request for them to be returned to their doorstep within 48 hours.

About Sequoia Capital
The Sequoia team helps a small number of daring founders build legendary companies. We spur them to push the boundaries of what's possible. In partnering with Sequoia, companies benefit from our unmatched community and the lessons we've learned over 40 years working with Steve Jobs, Larry Ellison, John Morgridge, Jerry Yang, Elon Musk, Larry Page, Jan Koum, Brian Chesky, Drew Houston, Adi Tatarko and Jack Dorsey, among many others. In aggregate, Sequoia-backed companies account for more than 20% of NASDAQ's total value. We're proud that their success also fuels great causes. The vast majority of money we invest is on behalf of non-profits and schools like the Ford Foundation, Mayo Clinic and MIT, which means that the returns generated from the incredible achievements of founders can make a massive difference.
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