Sweden's 24 Storage, a platform for finding storage units, just took in €25 million. Just over €5 million of the venture capital came from existing investors, while the rest is a loan from Collector Bank.
The money will be used to expand operations in Sweden and to improve the company's platform. The company plans to further digitize its services, so that customers can complete the entire process of renting a storage site online.
"This enables us to continue our journey. It will help us to be much bigger in Sweden. It is a major milestone," said Michael Fogelberg, CEO and co-founder, as reported by Di Digital.
Read more: Di Digital