SPAKIO Raises $1.3 Million in Seed Extension
SPAKIO, a Mexican company offering home-based mini-warehouse rental services in Mexico City, has successfully raised $1.3 million in a seed extension round. This funding round saw participation from investors including Liverpool Ventures, Variv Capital, Tantauco Ventures, and Flecha Amarilla.
Company Overview
Founded by Luis Orestano, Santiago González Baqué, and Marcos Suárez, SPAKIO provides customers with a convenient solution to store their belongings without relying on traditional self-storage facilities. Users can schedule pickups, manage their inventory digitally, and request deliveries as needed. This service is offered at a competitive price, starting at $299 per month.
Investor Participation
While no lead investor was named, the round included both follow-on investments from Liverpool Ventures and Variv Capital and new contributions from Tantauco Ventures and Flecha Amarilla.
Strategic Use of Funds
The newly acquired funds will be utilized to enhance SPAKIO’s technological platform, strengthen its operations, and expand its storage network across Mexico. The company aims to refine its services and improve customer experience by investing in technology and operational capabilities.
Growth and Client Base
Over the past three years, SPAKIO has demonstrated significant growth, increasing its monthly recurring revenue by 13.2 times and achieving a compound annual growth rate of 136.4%. The company currently serves nearly 1,600 active customers and manages approximately 10,000 square meters of storage space. Notable clients include Amazon, Oxxo, Royal Caribbean, Fresenius Kabi, Teletón, and Síclo.
Future Prospects
With this additional funding, SPAKIO is well-positioned to enhance its service offerings and further penetrate the Mexican market. The company’s innovative approach to storage solutions, combined with strategic investments, sets the stage for continued expansion and customer acquisition in the coming years.