Second Closet, a Toronto, Canada-based self-storage company, raised $13.2m in Series A financing.
The round was led by Whitecap Venture Partners, with participation from existing and new strategic investors, including Michael Hyatt, MIG Group, Dream Maker Ventures, and Cowie Capital Partners. As part of the funding round, Steve Lau, partner at Whitecap Venture Partners, is joining the Second Closet board of directors.
The company intends to use the funds to expand its reach, accelerate the development of its technology platform, increase its focus on customer experience, and further build out its operations.
Founded in 2017 by Mark Ang, CEO, David Ang COO, and Heindrik Bernabe, CTO, Second Closet provides a service used by thousands of consumers to facilitate the pickup, storage, and drop-off of items at the company’s secure, temperature-controlled warehousing facilities. Customers pay only for the space being used, receive storage boxes when required, item pickup and return within a pre-scheduled three-hour window.
The company has operations in Toronto and Vancouver.