Space Next Door

What Space Next Door does

Space Next Door is a Singapore-based online self-storage marketplace operating as the digital front-end of the StorHub group, Singapore's first and largest self-storage operator established in 2003. Through its web platform, customers can browse storage unit availability across StorHub's 18 conveniently located Singapore facilities (including Bedok and Techplace 5002 Ang Mo Kio), complete fully self-serve bookings, pay digitally via credit or debit card through Stripe, and manage their reservations online without sales intervention.

The platform is differentiated by IoT-enabled features at the unit level, including Smartlocks that allow phone-controlled remote access, 24/7 CCTV surveillance, and smoke detection systems. Optional storage insurance and pro-rated monthly billing are positioned as add-on value services. The core technology stack combines a self-serve booking and account-management web application with physical IoT hardware, while distribution is anchored to StorHub's established real-estate footprint rather than a network of independent operators.

The business model is a recurring subscription rental model — monthly storage fees paid by individuals (for relocation transitions, decluttering, personal belongings) and small and medium businesses (for inventory, equipment, and operational materials). Go-to-market is product-led growth via the website, supported by organic social (Facebook, Instagram, LINE) and a content/help blog. A 2021 Series 1 funding round of $5M led by Warburg Pincus supported platform build-out. The company reports 11-50 employees and continues to operate exclusively in Singapore despite marketing claims of being Asia's largest storage marketplace.

Name

Space Next Door

Legal name

Space Next Door

Website

https://spacenextdoor.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

51–100 employees

Short description

Space Next Door is a Singapore-based online self-storage marketplace and digital front-end of the StorHub group, offering IoT-enabled storage units with smart locks, online booking, and insurance add-ons to individuals and SMBs.

Ownership category

akta.pro rank

Product category

Self-Storage Services

NAICS

Lessors of Miniwarehouses and Self-Storage Units (531130), Lessors of Miniwarehouses and Self-Storage Units (53113)

SIC

Public Warehousing & Storage (4220)

akta.pro primary industry

Standard/Non-Climate Self-Storage (HSAKAGAB)

akta.pro secondary industry

Self-Storage Security & Access Services (Gated Entry, Keypad, CCTV) (HSAKAGAJ)

Keywords

• Self storage units
• Storage rental services
• Online storage booking
• Personal storage solutions
• Business storage facilities

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Storage Unit Rental: Monthly rental of storage units to individuals and businesses. Customers pay recurring fees for access to storage space, with options for insurance add-ons and IoT features. Pro-rated fees are available for flexible booking terms.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Space Next Door provides monthly self-storage unit rentals to individuals and small/medium businesses in Singapore, fully booked and managed through a self-serve online platform. Customers get 24/7 access, IoT-enabled security features (Smartlocks, CCTV, smoke detection), optional storage insurance, and flexible pro-rated billing.

Product overview

Space Next Door is a self-storage marketplace platform operated as part of the StorHub group (Singapore's first and largest self-storage operator since 2003). The core offering consists of physical self-storage units at conveniently located Singapore facilities (currently Bedok and Techplace 5002 Ang Mo Kio), accessible 24/7. The digital platform enables online booking and online payments via credit/debit cards through Stripe. Additional value-add modules include optional storage insurance for peace of mind and IoT add-ons featuring Smartlocks, CCTV, and smoke detection for enhanced security monitoring.

Differentiator

Problem solved

Functional benefit

Products and services

• Storage Unit Rental

Named customers4 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature5 records

Partnerships

One partnership is on record.

• StorHubcoreStrategic or Co-development PartnerSpace Next Door is partnered with and is a part of the StorHub group. StorHub is Singapore's first and largest self storage operator established in 2003, operating 18 conveniently located self storage facilities across Singapore. Space Next Door leverages StorHub's established infrastructure and facilities to deliver storage services, with StorHub powering the backend operations and physical storage infrastructure.

Scale indicators1 record

Recent moves6 records

Expansion highlights4 records

Regional players

• Spacer: Australia-based online marketplace for finding and renting storage spaces. Comparable as an Asia-Pacific digital marketplace for storage aggregation.
• Cube Self Storage: Self-storage operator with a presence across multiple Asian markets including Singapore. Comparable as a regional self-storage competitor with overlapping customer segments.

Direct peers

• Storefriendly: Singapore self-storage operator offering both self-service and valet storage. Comparable for competing on tech-enabled and full-service storage experiences.
• Extra Space Asia: Singapore-headquartered self-storage operator with climate-controlled and standard units across Asia. Comparable as a direct competitor targeting the same individual and SMB customers in Singapore and regionally.
• Neighbor.com: US-based peer-to-peer storage marketplace that connects hosts with unused space to renters. Comparable as an online-first marketplace model for storage aggregation, though in a different geography.
• StorHub: Space Next Door's parent company and Singapore's first and largest self-storage operator, founded in 2003 with 18 facilities. Directly comparable as the underlying operator whose infrastructure powers Space Next Door's marketplace.
• Lock+Store: Established Singapore self-storage operator with multiple facilities. Comparable as a direct in-market competitor for personal and business storage customers.

Emerging players

• MakeSpace: US-based full-service storage platform offering pickup, storage, and redelivery. Comparable as a tech-enabled, digital-first storage operator focused on customer experience.

Broad incumbents

• Extra Space Storage: Major US self-storage REIT with a large national footprint and tech-enabled customer platforms. Comparable as a broad incumbent with overlapping digital self-service capabilities.
• Public Storage: Largest self-storage REIT in the US with thousands of facilities. Comparable as a broad incumbent in self-storage, though at much larger scale and in a different market.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/spacenextdoor
• Instagraminstagram.com/spacenextdoor
• LinkedInlinkedin.com/company/space-next-door

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Space Next Door