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.
SpareFoot makes renting self-storage easy. Its free marketplace lets customers find and reserve storage units online. SpareFoot has the largest inventory of storage units in the U.S., with a network of more than 6,500 facilities ranging from mom-and-pop to publicly traded REIT. It reaches millions of people who need storage through exclusive partnerships with brands like SelfStorage.com, Apartments.com and Penske Truck Rental. SpareFoot brings consumers and facilities together to deliver the most convenient and enjoyable storage experience possible online, offline,...
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