England-based My Secure Self Store has received a six-figure investment from Venturian Funding & Investment Group, a family-owned private-capital firm, which it used to build its first self-storage facility. Ongoing capital infusions from Venturian will fuel company expansion, according to the source.
“This has not been a conventional investment in many ways,” Paul Halliday, an investment director at Venturian, told the source. “However, we are pleased to be involved with My Secure from the outset and to support the business using the different parts of our investment business.”
The self-storage operator’s inaugural property on Birds Royd Lane in Brighouse, England, will function using mostly shipping containers, with units ranging from 16 to 160 square feet. Scheduled to open this month, the facility will be protected via access control, surveillance cameras and 24-hour onsite security.
Halliday believes My Secure’s security-focused business model will resonate with customers and allow it to grow quickly. “My Secure’s plan is clear for the next few years, and we see that it’s concept has some exciting differences to the usual storage models,” he said.
Founded in 2015, Venturian offers equity and property investment as well as secured lending. It has interests in commercial and office space as well as industrial warehousing, according to its website.
The Business Desk, New Entrant to Self-Storage Market Secures Six-Figure Investment