SpaceFill raised a €25 million series B led by NGP Capital and joined by Maersk Growth, Eurazeo and La Famiglia.

SpaceFill, a Paris, France-based marketplace operator for warehouse storage, completed a series B round closed at €25 million ($27.4M).

The money was provided by investors led by NGP Capital, joined by Maersk Growth, Eurazeo and La Famiglia. Proceeds will be used for business expansion.

SpaceFill, founded in 2018, by Maxime Huzard (CEO), Quentin Drillon (COO) and Gustave Roche (CPO), is developing a platform allowing companies needing storage space to find it quickly. The company built a warehousing cloud across several European countries consisting of a network of 1,500 warehouses that are all connected to the same software orchestrating layer, acting as a control tower for inventory management and logistics strategy. Those warehouses are third-party logistics providers that have chosen to allocate part of their warehousing space to SpaceFill customers. They can still accept their own customers, but they can more easily fill up the rest of their warehouses thanks to SpaceFill.

The company has 60 employees supporting 500 customers including Ikea, Angell Bike and Leroy Merlin, which produced €10 million in revenue in 2021.

Prior to this investment deal, SpaceFill raised a total of €8 million, with a 7 million seed round announced in 2020.