24Storage raises $10.4M, prepares for public listing.

24Storage, a Stockholm, Sweden-based company operating a storage business, announced raising SEK 100M in a new capital round.

The funding was backed by investors including Adrigo Asset Management, Consensus Asset Management, Johan Thorell and Ivar Kjellberg AB. The deal values ​​the company at approximately SEK 601 million pre money. 24Storage is expected to publicly list its shares on Nasdaq First North Growth Market in December 2019. In Septmber 2019, the company raised another $13M in preparation for the public listing.

24Storage, founded in 2015 by Stefan Nilsson, Mats Steijner and Michael Fogelberg and led by CEO Fredrik Sandelin, sells access to self storage facilities with automated solutions. The company operates 22 unmanned storage facilities in Sweden