Storefront, a San Francisco, CA-based online marketplace for short-term retail spaces, secured $1.6m in seed funding.
The intends to use the capital to expand to new markets, the first being New York City.
Led by Erik Eliason, Co-founder and CEO, Storefront is a marketplace for short-term retail space, enabling brands to open shops and streamline the short-term leasing process for commercial brokers and mall owners.
The platform enables businesses to test new concepts, capitalize on holiday sales periods, launch new products while making it easy for commercial real estate owners and brokers to maximize occupancy, insert in-store experiences, and build longer-term partnerships.
Malls and brokers in Storefront include Westfield, Simon, GGP, Colliers International, Cushman & Wakefield, Jones Lang LaSalle, and CBRE.
Storefront was a member of the San Francisco-based Angelpad accelerator fall 2012 class.
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