Stuf, a New York-based tech-enabled self storage startup, raised $11M in Series A funding.
The round was led by Allegion Ventures and Altos Ventures with participation from Wilshire Lane Capital, Harlem Capital, ANIM Fund, Palm Tree Crew, and Good Friends.
The company intends to use the funds to expand nationally, invest in brand awareness among consumers and landlords and grow its team across all functions, including real estate, engineering, marketing, operations, and more.
Founded in 2020 and led by CEO Katharine Lau, Stuf partners with property owners to turn basements, garages and other spaces in commercial buildings into storage, creating cash flow opportunities for landlords and bringing valued amenities close to businesses and close to where people live and work. Utilizing its digital-first platform, users can book, pay for and access storage via their mobile devices. The company employs IoT to remotely manage its national portfolio, leveraging access control and security solutions to ensure its users have secure and access to their storage units.
As part of its national expansion, Stuf plans to expand its footprint in new and existing markets, including New York, Los Angeles, San Francisco, Seattle, Boston, Atlanta, and Washington, DC.
FinSMEs
16/02/2023