SpareFoot Closes $10M Funding
SpareFoot, an Austin, TX-based online marketplace for self-storage, closed a $10m funding.
Insight Venture Partners made the investment.
The company intends to use the funds to hire customer service, engineering and product development people.
Founded in 2008 by Chuck Gordon, CEO, and Mario Feghali, COO, SpareFoot a free self-storage marketplace that allows customers to find and reserve storage units online. It has a network of more than 7,000 facilities ranging from mom-and-pop to publicly traded REIT and partnerships with brands like SelfStorage.com, Apartments.com and Penske Truck Rental.
The company employs nearly 120 people and plans to add nearly 40 people by the end of the year.
Other backers in SpareFoot include Capital Factory, FLOODGATE and Silverton Partners.
08/03/2011: SpareFoot.com Raises Further $1.5M in Series B Funding
21/06/2010: SpareFoot.com Closes $2M Series B Financing Round