Orrick Team Advises Clutter on $200 Million Series D Financing Led by SoftBank

February.20.2019

An Orrick team advised Clutter, a tech-enabled, on-demand storage company that manages the pickup, storage and retrieval of personal items, on its $200 million Series D funding round announced today. The funding round is being led by SoftBank Vision Fund with participation from existing investors Sequoia, Atomic, GV and Fifth Wall.

The latest round will bring Culver City-based Clutter’s total funding to over $295 million. Since Clutter raised its Series C funding round in June 2017, the company has more than doubled its revenue and number of customers. This latest funding round will accelerate the company’s expansion into new markets in 2019, including Philadelphia and Portland, and boost the company’s existing markets in the greater areas of New York, San Francisco, Los Angeles, Chicago, Seattle, San Diego, Orange County and New Jersey.

“Now, we are capitalized to lead the creation of new infrastructure across the moving and storage space,” said Clutter CEO Ari Mir. “SoftBank’s investment is the ultimate vote of confidence. This puts us in a position to continue to lead the on-demand storage space and challenge the self-storage incumbents head on.”

The Orrick team advising Clutter was led by Santa Monica-based partner Andrew Erskine, and included Anik Guha, Diana Gillis, Steve Malvey, Kyle Kessler, Emily Tabatabai, Harry Clark, Evgeniya Shakina, Christina Catzoela, Pia Bhathal, Kathryn Montalvo, Ailsa Menezes and the Orrick Analytics team.