Monday, May 20, 2019

Clutter Buys Omni's Storage Business

Los Angeles-based on-demand storage service Clutter has acquired the storage business of another, on-demand storage startup, Omni, in an expansion of Clutter's service, which lets users request storage of items via an app. Financial details of the acquisition were not announced. Omni said the deal will help it "double down on our rentals business", where it rents out different items to its customers. Omni had previously rented out items that were stored with the startup. Clutter offers up a service where users can store boxes of belongings, which are cataloged and photographed and can be requested, on-demand, from Clutter's storage facilities, for delivery to a user's location. Clutter raised a big $200M funding in February, bringing its total raised to nearly $300M. The latest round came from SoftBank Vision Fund with participation from Sequoia, Atomico, GV, Fifth Wall and Four Rivers.