Boxmotions opens a million rounds to jump in Europe

The smart storage company Boxmotions has launched a round of financing to acquire a million euros that must be used to finance its expansion abroad, as explained in the ARA co-founder of the company, Pol Karaso . the start-up, which has already made a first round for the same amount, counts for this second with the support of its partners, Inveready, BStartup and Athos Capital, and also expects the incorporation of some foreign funds. But, in addition, part of the round is made through the Crowd Angel online investment platform, which is expected to attract around 300,000 euros from small investors.

The company, created by Àlex Corbacho and Pol Karaso, two aeronautical engineers, began operations in Barcelona in May 2016 and in Madrid in July 2018. Once implemented in the two main state capitals, it continues its expansion in other capitals Europeans, because it is difficult to do so in other Spanish cities, and in Europe, on the other hand, they see it as a niche market. Boxmotion is a technology company that its founders define as "smart storage room". It is based on providing users with the storage of objects that do not fit them at home – from seasonal clothing to furniture – and do so through an application or directly on the web. The company collects the items at the client's home and, when it is claimed by them, takes them. This, according to Karaso, has two advantages: the scientist does not have to transfer and bring objects to a storage company through his means, and he pays only for the surface he occupies at all times.

The company, explains Karaso, can offer more competitive prices than traditional transport companies because it has its warehouses – which are rented and pays the logistics operator only for the surface it needs – in the second crown subway, where the logistic rents are cheaper. "This allows us to offer 20% cheaper prices, on average, than competition," says Karaso.

20% growth

The company has multiplied by six entries in the last 12 months, explains Pol Karaso, with a monthly growth of 15% to 20%. Currently, Boxmotions has a staff of 30 people.

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