Paris-based Lockall, a startup specializing in storage solutions for both individuals and businesses, has secured €155 million in funding from a subsidiary of the American investment firm Starwood Capital Group. This significant investment will enable Lockall to accelerate its development and become a leader in the self-storage market in the Ile-de-France region.

Capital Utilization

Founded in 2020, Lockall operates five self-storage sites and aims to become a leader in the Ile-de-France region. The company plans to open four more locations and will announce two additional sites by the end of the year. The company aims to expand its portfolio to a total of fifteen sites by 2026.

"We are delighted to support Lockall in its growth strategy in the very attractive market of the Paris region," said Will Lawler, Vice President of Starwood Capital Group. "Lockall has proven its ability to develop the best assets and services with exceptional operational excellence. This partnership is a continued sign of our confidence in the self-storage sector across Europe."

Flexibility and Accessibility

Lockall offers flexible storage solutions for both individuals and businesses, with storage boxes ranging from 0.5 to 150 m², without commitments or security deposits required. The storage spaces are designed for easy access, featuring parking and unloading areas along with handling tools. Security is ensured through internal encrypted digital key technology.

In addition to traditional storage, Lockall has developed "Maisons des Artisans", a B2B solution that caters specifically to artisans and entrepreneurs. These spaces include storage areas, private workshops, individual and shared workspaces, and offices, allowing small businesses to access the services they need while collaborating effectively.

Expanding into New Locations

Lockall is looking for new locations in Ile-de-France to meet the growing demand from artisans and individuals. The company is working with communities to offer locations where demand is strongest, leveraging its territorial network to identify the best locations.

"Thanks to our work with communities, we are able to offer locations where demand from individuals and professionals is strongest," said Antoine Muel, Director of Development at Lockall. "One of our strengths lies in our territorial network."

Lockall's €155 million funding from Starwood Capital Group is a significant milestone for the company, enabling it to accelerate its development and become a leader in the self-storage market in the Ile-de-France region. With its flexible storage solutions and commitment to accessibility and security, Lockall is well-positioned to meet the growing demand for storage services in the region.