Clutter was founded in 2015 by Ari Mir, Brian Jonathan Thomas, and Brian Thomas. In February 2022, CEO Mir said that the company is planning for an IPO in 2023. These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Clutter describes itself as "an end-to-end logistics and supply chain platform" with the goal of streamlining and optimizing the moving and self storage industries. The company employs its own local moving teams and owns storage facilities throughout the country, the highest concentration being in California. In 2019, Clutter raised $200 million in venture funding in a series D round led by SoftBank Vision Fund that also included Sequoia Capital, Atomico Ventures, and GV. More recently, the company merged with MakeSpace, a competitor brand that will operate under the Clutter brand. After the 2019 funding round, Clutter was valued at $580 million.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
02/20/2019 | Series D | $200MM | $xx.xx | $66.39B | Atomico, Fifth Wall Ventures, Four Rivers Group, Gv, Sequoia Capital, Softbank Group | |
Price per Share
$xx.xx
Shares Outstanding
13,098,968
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Atomico, Fifth Wall Ventures, Four Rivers Group, Gv, Sequoia Capital, Softbank Group
|
||||||
07/01/2017 | Series C | $63.82MM | $xx.xx | $23.82B | Atomico, Bracket Capital, Coffin Capital & Ventures, Fifth Wall Ventures, Gv, Sequoia Capital | |
Price per Share
$xx.xx
Shares Outstanding
6,234,996
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Atomico, Bracket Capital, Coffin Capital & Ventures, Fifth Wall Ventures, Gv, Sequoia Capital
|
||||||
04/13/2016 | Series B | $20.9MM | $xx.xx | $7.59B | Fifth Wall Ventures, Four River Group, Javelin Venture Partners, Sequoia Capital, Tiller Partners, Tylt Ventures | |
Price per Share
$xx.xx
Shares Outstanding
4,329,591
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Fifth Wall Ventures, Four River Group, Javelin Venture Partners, Sequoia Capital, Tiller Partners, Tylt Ventures
|
||||||
10/22/2015 | Series A | $9MM | $xx.xx | $2.7B | Grey Wolf Vc, Sequoia Capital, Wonder Ventures | |
Price per Share
$xx.xx
Shares Outstanding
3,579,625
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Grey Wolf Vc, Sequoia Capital, Wonder Ventures
|
||||||
08/01/2015 | Series Seed-2 | $1.23MM | $xx.xx | $1.78B | Otter Rock Capital, Telegraph Hill Capital, Wavemaker Partners | |
Price per Share
$xx.xx
Shares Outstanding
489,918
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Otter Rock Capital, Telegraph Hill Capital, Wavemaker Partners
|
||||||
04/28/2015 | Series Seed | $2.77MM | $xx.xx | $750MM | Ampliphy.La, Arjun Sethi, Brendan Wallace, Darren Bechtel, David Sacks, Dustin Rosen, Md Pham, Resolute Ventures, Structure Fund, Telegraph Hill Partners, Wavemaker Partners | |
Price per Share
$xx.xx
Shares Outstanding
2,102,343
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Ampliphy.La, Arjun Sethi, Brendan Wallace, Darren Bechtel, David Sacks, Dustin Rosen, Md Pham, Resolute Ventures, Structure Fund, Telegraph Hill Partners, Wavemaker Partners
|