French self-storage startup Lockall has just raised €155 million ($170 million) from a subsidiary of the American fund Starwood Capital Group. Currently, the company has five self-storage sites in operation, and it now plans to establish itself as a leader in the region by opening up an additional 15 sites by the end of 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.”
Founded by Alexis de l’Épine in 2020, Lockall offers a variety of storage units designed for easy access, featuring parking and unloading areas along with handling tools. Security is ensured through internal encrypted digital key technology.
The company also offers “Maisons des Artisans,” storage areas, private workshops, individual and shared workspaces, and offices designed for artisans and entrepreneurs to access special services and collaborate as needed.
“It’s a real accelerator," said Alexis de l’Épine, co-founder of Lockall. "This new financial contribution demonstrates the relevance of our storage solutions and opens up new prospects for us to set up in the Ile-de-France region. In total, Lockall already boasts a portfolio of 9 sites which allows it to offer a total surface area of 82,000 m2, or approximately 10,000 individual spaces. This fundraising will allow us to pursue our strategy to meet the needs of individuals and professionals in the Paris region.”