Valet Closet

We bring storage as an amenity into the multifamily industry, allowing tenants to save up to 40% compared to traditional storage options.
Austin

About Valet Closet

Valet Closet revolutionizes the storage industry with a customer-centric approach that prioritizes item quantity, retrieval frequency, and storage duration, rather than simply focusing on total space. This innovative service caters to high-end residential communities, retirement communities, and complementary amenity partners, providing a modern and seamless storage experience.

Using the Valet Closet app, customers receive storage bins, which they can pack with their belongings and label using QR codes and photos. This system enables on-demand access to stored items through the app, leveraging an existing network of space and logistics infrastructure.

As a strategic business model, Valet Closet aims to offer its services as an amenity within the multifamily housing sector. The company has made significant progress in product development, showcasing patent-pending technologies in space fractionalization and computer vision, powered by AI and Machine Learning. These advancements demonstrate traction in terms of customer engagement, revenue, and growth, positioning Valet Closet as a pioneer in the storage industry.

The team behind Valet Closet possesses diverse skill sets and a strong background in storage, logistics, and technology, ensuring the venture's success.

Currently, Valet Closet is seeking investment to fuel further growth and development, leveraging its innovative approach and unique value proposition to disrupt the traditional self-storage market.

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Problem statement

The traditional self-storage industry is outdated, inflexible, and inconvenient, with predefined storage sizes, hidden fees, and cumbersome processes, failing to meet the needs of a modern, digitized society that values ease, customization, and cost-effectiveness.
From an apartment renter perspective, the average closet size in an apartment is 3' x 6', leaving tenants with a small amount of storage space.

Traction information

- over 3,000 items stored, 100+ customer serviced during pilot stage.
- LTV:CAC 10:1
- 400 apartment complexes on LOIs, 70 - 90 apartment complexes ready for launch in the next 6 months to generate approx. $1.4M in ARR
- Patent-pending for fractionalization of physical space - Dynamic Contiguous Space Allocation Engine
- 3 apartments launched in Austin, TX,

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Milestones

May 2023

5 apartments launching in Austin, TX

We are launching in 5 communities in Austin, TX starting with:

The Sarah - May 18th The Aspect - May 29th

followed by TBD properties from AMLI Residential.

March 2023

Patent Pending - Dynamic Contiguous Fractional Space Allocation Engine

Completion of the patent application process for the fractionalization of physical space.

July 2022

400 apartments on LOI

After attending National Apartment Association trade show in San Diego, we were able to secure interest from over 400 apartment complexes nationwide.

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