The Georgetown-based U.S. arm of Zippy Shell, a self-storage and moving company founded in Australia, has raised $25 million from the Virgo Investment Group.
Zippy Shell will use the funding to grow the business through acquisitions, expansion and a national marketing strategy.
“The Virgo team has been great to work with and has already provided significant strategic relationships to move our brand and business to the next level,” Zippy Shell USA CEO Rick Del Sontro, a University of Maryland graduate, said in a press release Thursday.
As part of the deal, Virgo founding partner Mack McNair will become chairman of Zippy Shell’s board.
Zippy Shell has 39 employees in D.C. It opened up in the capital as a franchise in 2010.
Before you go...
To keep our site paywall-free, we’re launching a campaign to raise $25,000 by the end of the year. We believe information about entrepreneurs and tech should be accessible to everyone and your support helps make that happen, because journalism costs money.
Can we count on you? Your contribution to the Technical.ly Journalism Fund is tax-deductible.
Join our growing Slack community
Join 5,000 tech professionals and entrepreneurs in our community Slack today!
The person charged in the UnitedHealthcare CEO shooting had a ton of tech connections
The looming TikTok ban doesn’t strike financial fear into the hearts of creators — it’s community they’re worried about
Where are the country’s most vibrant tech and startup communities?
