30 OCTOBER 2018 – Castel Capital has led a convertible loan bridge round, raising funds for Boxmotions, a “cloud” storage for physical items. The company offers an on-demand storage service with possibility to manage stored items online. It does not depend on centrally located warehouses, which gives it a competitive advantage against existing self-storages. Boxmotions, that originally covered Barcelona area, has recently expanded to cover Madrid area. The company is experiencing significant growth in Spain and will use funds to accelerate growth before Series A, which is planned in 2019. In addition, the company is planning to expand outside of Spain.
For more information on the company, please visit https://www.boxmotions.com