About LifeStorage
LifeStorage is a company based in Buffalo (United States) founded in 1982 by Kenneth Myszka was acquired by Extra Space in April 2023.. LifeStorage has raised $120 million across 4 funding rounds from investors including Citi, Extra Space and TPG. LifeStorage operates in a competitive market with competitors including Public Storage, National Storage Affiliates and Jernigan Capital, among others.
- Headquarter Buffalo, United States
- Founders Kenneth Myszka
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Sectors
Financial ServicesTransportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$120 M (USD)
in 4 rounds
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Latest Funding Round
$450 M (USD), Debt – Conventional
Nov 28, 2017
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Investors
Citi
& 5 more
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Employee Count
Employee Count
- Acquired by
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Funding Insights of LifeStorage
LifeStorage has successfully raised a total of $120M across 4 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $450 million completed in November 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Debt – Conventional — $450.0M
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First Round
First Round
(10 Sep 2014)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2017 | Amount | Debt – Conventional - LifeStorage | Valuation |
investors |
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| Jun, 2015 | Amount | Debt – Conventional - LifeStorage | Valuation |
investors |
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| Oct, 2014 | Amount | Private Equity Round - LifeStorage | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in LifeStorage
LifeStorage has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Citi, Extra Space and TPG. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Fund of funds focused on pre-seed and seed-stage companies
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Founded Year | Domain | Location | |
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Diversified financial services are offered through commercial banking operations.
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Founded Year | Domain | Location | |
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Financial services in capital markets are provided by BMO.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by LifeStorage
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - LifeStorage
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Lifestorage Comparisons
Competitors of LifeStorage
LifeStorage operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Public Storage, National Storage Affiliates and Jernigan Capital, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Marketplace for self-storage units is provided to customers.
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| domain | founded_year | HQ Location |
Equity REIT investing in self storage facilities
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| domain | founded_year | HQ Location |
Mortgage REIT that invests in commercial self-storage real estate assets
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Lifestorage
Frequently Asked Questions about LifeStorage
When was LifeStorage founded?
LifeStorage was founded in 1982 and raised its 1st funding round 32 years after it was founded.
Where is LifeStorage located?
LifeStorage is headquartered in Buffalo, United States. It is registered at Buffalo, New York, United States.
Who is the current CEO of LifeStorage?
Joe Saffire is the current CEO of LifeStorage.
Is LifeStorage a funded company?
LifeStorage is a funded company, having raised a total of $120M across 4 funding rounds to date. The company's 1st funding round was a Private Equity Round of $120M, raised on Sep 10, 2014.
What does LifeStorage do?
LifeStorage was established in 1982 in Buffalo, United States, as a real estate investment trust. Focus is placed on acquiring and managing residential and commercial self-storage facilities nationwide. Operations encompass property development, leasing, and maintenance services for storage units. Leadership includes CEO Joe Saffire, with Kenneth Myszka noted as former co-founder. The portfolio spans various U.S. regions to support storage needs.
Who are the top competitors of LifeStorage?
LifeStorage's top competitors include Public Storage, National Storage Affiliates and Jernigan Capital.
Who are LifeStorage's investors?
LifeStorage has 6 investors. Key investors include Citi, Extra Space, TPG, Uncle Bobs Self Storage, and BMO Capital Markets.