MyPorter Secures Funding to Accelerate Storage Service Expansion

MyPorter Secures Funding to Accelerate Storage Service Expansion

To accelerate growth in Atlanta and prepare for new market expansion, MyPorter recently closed $2.2 million in funding. The investment was led by a series of angels and CEOs with expertise in essential services, finance, real estate and technology, including Wes Matelich, CEO of Rx Green Technologies and Ken Haines, CEO of Atlanta-based The Wrench Group (Coolray, Mr. Plumber and BriteBox).

MyPorter launched its concierge storage services in Atlanta and the surrounding metro areas in 2015 to disrupt the antiquated $38 billion self-storage industry. The highly rated storage and moving company is expecting to exceed more than 10,000 customer jobs this year. It is the first storage service in Atlanta to offer consumers and a growing portfolio of businesses a more convenient, reliable and faster way to store their belongings. Unlike traditional storage units, MyPorter brings the entire process online and on-demand – offering storage, pickup and delivery at the click of a button. The platform enables customers to schedule their pickup, maintain a visual catalog of stored items and coordinate delivery directly to their home or business.

“I saw a unique opportunity with MyPorter to upset an essential services industry that would have a lasting impact locally and potentially nationally as well,” states Ken Haines. “It’s exciting to be an early investor in a company disrupting a decades-old industry in a ‘make or break’ market like Atlanta.”

After formation in April 2015, MyPorter remained in beta stage until mid-2016 when co-CEOs John Foshee and Robert Crump joined the team. Throughout 2017, the company was funded with the CEOs’ personal capital, with Foshee and Crump putting their sweat equity in the business as the company’s early movers and drivers. The first major outside capital came in January 2018.

“I’ve known Rob since college and can see the confidence he and John have in this company, leaving lucrative careers in private equity and consulting to change the face of an established, but antiquated industry,” explains Wes Matelich. “They see enormous potential, as do I, to bridge the moving and self-storage industries while bringing the customer experience online for a more on-demand user experience.  They have already proven the viability of this on-demand service for both consumers and businesses over the past several years and I am excited to help continue the expansion in Atlanta and beyond.”

“Robert and I eschewed the traditional institutional funding sources when we started out because we wanted to truly understand the basic mechanics of the business and build the company from the ground up in order to ensure we started from a solid foundation from which to drive sustainable growth for the business model that we envisioned,” explains Foshee. “Choosing this path has allowed us to create a model that is extremely scalable and investor friendly. We’re excited about the high caliber of investors we’ve engaged up to this point and look forward to our Southeast expansion while we pursue our Series A.”

Our Addiction to Clutter

Our Addiction to Clutter

How many times have you purchased something and never end up using it? Or, held on to something you haven’t used or worn in years – just in case you might need it again? You aren’t alone. Decluttering can be incredibly difficult. Our belongings are not only practical, but they’re often sentimental.

According to Joshua Becker of Becoming Minimalist, research confirms that we own too much stuff.

Here are some surprising statistics:

  • In the average American home, there are more than 300,000 items.
  • Americans annually spend $1.2 trillion on nonessential items.
  • Only 3.1 percent of children in the world live in the U.S., but American children own 40 percent of the toys in the world.
  • The average 10-year-old has 238 toys, but only plays with 12 daily.
  • American women own 30 outfits, on average. That figure was nine in 1930.
  • On average, American families spend $1,700 on clothes annually.

Clutter fills our closets and drawers, and then spills into our guest bedrooms, offices, attics and garages, disrupting the function of our space.

According to Psychology Today, there are also many mental wellness benefits to decluttering your space. Organizing and cleaning is energizing and leads to a sense of confidence and self-efficacy, making you feel as though you’ve truly accomplished something. It can also reduce anxiety and relationship or family tension. Though it may not be obvious, clutter can create a lot of stress. People prefer order and symmetry, but clutter makes your space feel scattered and disorganized. Lastly, you’ll often find things in your clutter that you thought you’d lost, which can boost your mood and increase energy for tackling the rest of your mess.

One deterrent to decluttering that many face is simply the time it takes to sort through our many belongings. To help, let the professional team from MyPorter, a highly rated storage and moving company in Atlanta, pack and itemize all of your unused items. We offer on-demand storage and pickup options, eliminating the extra time and effort required to haul away your clutter.

Another decluttering hurdle is that “just in case” feeling. What if I need this again someday? The beauty of storage services is that you don’t have to let go of everything, but you can get it out of your space. MyPorter’s online inventory system allows you to request delivery of your goods at the click of a button, making it easy to get that item back quickly without it taking up space in your home.

Parting with our things can be surprisingly emotional for many. Investing in storage services is a happy medium between getting rid of your items completely and having them clutter your life.