French startup Jestocke raised €1.7 million in an investment round, funded by Leansquare, MAIF Avenir, Banque des Territories and AB Boc SA. With this latest round of funding added, Jestocke has raised a total of €3.5 million since its launch in 2014 by founder Laure Courty. Based in Bordeaux, the company rents out vacant spaces to customers, solving the issue of what to do with unused lots and spaces. Jestocke offers its customers more than 1.275 million square meters of storage across 2100 cities in France and Belgium. Consisting of social housing companies with vacant garages, logistic warehouses, attics or cellars, these storage spaces can be used for both business and personal storage.
The company originally entered the market in professional storage and furniture but has since broadened its services to tackle the issue of unused spaces in a way that will not cause any negative ecological impact. With the funding, Jestocke plans to increase its team. It also wishes to assist social housing companies in entrusting their vacant spaces to the company.
The Director of Investment at MAIF Avenir, Mohammed Abdessiam, said: “As a previous investor in the company, we are very proud of the path Jestocke has taken and which has led them to where they are today. A pioneer in the collaborative economy, dedicated to giving value to vacant space, the company has become in just a few years a major actor in ‘smart’ cities using their expertise and technology to penetrate the professional market and their stocking needs.”