Austrian storage and logistic startup Storebox raises over €67M in Series B round
Storebox, an international company that provides digitalized self-storage solution has raised over €67 million. The round was one of the biggest in Austria in 2023. It was led by existing investors, including Senger-Weiss Family Offices, Wille Finance, Kineo Capital, Urban Pioneers, and will focus on its European expansion.
- The company was founded in 2016 by Johannes Braith, Ferdinand Dietrich, and Christoph Sandraschitz and builds a multifunctional storage infrastructure for new logistics solutions in urban areas across Europe. Storebox claims that it solves the challenge of the lack of space in inner-city areas, which is becoming increasingly complex as a result of ongoing urbanization, and also supports efficiency improvements in the last mile.
- Storebox also offers business solutions such as Click and Collect, micro-hubs, and smart parcel pick-up stations for the last mile. The startup is headquartered in Vienna, Berlin, Germany, and has over 270 locations in Austria, Germany, Belgium, Luxembourg, and the Netherlands.
“With almost 300 branches, we are one of the largest and fastest-growing urban warehouse and logistics networks in the DACH region. And we are far from reaching our goal – by the end of 2023, over 400 branches will be in operation in Europe,”the startup’s team adds.
- The fresh round came from existing investors, including Senger-Weiss Family Offices, Wille Finance, Kineo Capital, Urban Pioneers, ActivumSG, Hansi Hansmann and Markus Ertler, and Raiffeisenbank International.
- Storebox plans to use the investment to open an additional 100 branches in Europe by the end of 2023, to secure its market leadership.