Sparefoot.com a start-up website connecting tenants with storage facilities reached an additional $1.5 million in series B funding this week. The company was founded in 2008 by Chuck Gordon and is based in Austin, Texas.
The site allows potential tenants to comparison shop by price, unit size, and other amenities for more than 5000 storage facilities nationwide. The service is free for consumers to search and make reservations. Facilities gain new tenants through a pay for performance revenue model, based on a referral fee for every customers sent to their business.
The parent company Classified Ventures, Inc. also operates the websites apartments.com and selfstorage.com. Since the addition of Sparefoot.com, the company is now the largest advertising network for self-storage in the United States.
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