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SpareFoot Lands $1.5 Million For Online Marketplace For Self-Storage Companies

March 7th, 2011 03:42 admin Leave a comment Go to comments

SpareFoot, which helps people find and compare self-storage facilities online, has raised $1.5 million in an extension to its Series B round of funding, bringing the total round size to $3.5 million.

Silverton Partners and FLOODGATE led the round with participation from Capital Factory (where the startup was presented back in September 2009).

SpareFoot, which also operates SelfStorage.com and Apartments.com, says it now boasts the largest advertising network for self storage in the United States.

The company offers consumers a comparison shopping experience for more than 5,000 self storage facilities nationwide. SpareFoot helps self storage operators find new tenants, through an entirely pay-for-performance model.

The company, founded in 2008, says it will use the proceeds to diversify its product offering.

Source: SpareFoot Lands $1.5 Million For Online Marketplace For Self-Storage Companies

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