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Lock Up
Automated, drive-up commercial lockups with keyless access
About Lock Up
LOCKUP is a brand investment by Scottish Capital, providing fully automated, 24-hour access, drive-up lockups specifically designed for commercial customers. The company's platform is driven by AI, integrating features such as online booking, ID verification, keyless access through a mobile app, and AI-supported CCTV for security.
The business was established with a £25 million investment from Scottish Capital, founded by John McGlynn. The inspiration for LOCKUP came from self-storage models observed in Australia and the United States. The company operates in partnership with Asset Management Partners, which also collaborates with Scottish Capital on its Storage Vault and CoVault portfolios. The first site was opened in Paisley, with plans for rapid UK expansion, including locations in Cumbernauld, Dundee, and Port Glasgow.
LOCKUP serves both commercial and personal storage needs. For businesses, it provides a secure space for documents, tools, and equipment, catering to online retailers and tradespeople who need flexible storage solutions. The service is also available for personal use, such as during a home move or renovation. The business model is based on simplifying the rental process, offering five standard unit sizes (S, M, L, XL, and XXL) that can be reserved online. Revenue is generated through the rental of these storage units.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2025
- Headquarters
- Paisley, United Kingdom
- Open positions
- None listed
- Dealroom signal
- 20.0/100
- Industry
- Real Estate
- Sector
- Real Estate, Supply Chain Management, Physical Storage
- Technology
- Artificial Intelligence
- Business model
- SaaS
- Client focus
- b2b
- Links
- Website
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| EARLY VC✓Equity / VC | Jan 2026 | $33M | $132M | Scottish Capital | ↗ |
Growth signals
Latest recorded traffic for Lock Up is 1.9K monthly website visits, up 18.8% over the last three months.
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A1 investor entered at this stage
- SCScottish Capital
Source: Dealroom Talent Intelligence.
Global footprint
Market sentiment
An AI-synthesised read of the highest-engagement posts about Lock Up on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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