About SpareFoot
SpareFoot is a company based in Austin (United States) founded in 2008 was acquired by Cove Hill Partners in August 2018.. SpareFoot has raised $49.83 million across 7 funding rounds from investors including Northleaf, Revolution and Insight Partners. The company has 355 employees as of December 31, 2021. SpareFoot has completed 1 acquisition, including SiteLink. SpareFoot operates in a competitive market with competitors including Clutter, Public Storage, MakeSpace, Saltbox and ReadySpaces, among others.
- Headquarter Austin, United States
- Employees 355 as on 31 Dec, 2021
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Sectors
Transportation, Automotive & LogisticsBusiness Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Sparefoot, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$49.83 M (USD)
in 7 rounds
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Latest Funding Round
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Investors
Northleaf
& 7 more
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Employee Count
355
as on Dec 31, 2021
- Investments & Acquisitions
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Acquired by
Cove Hill Partners
(Aug 31, 2018)
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Funding Insights of SpareFoot
SpareFoot has successfully raised a total of $49.83M across 7 strategic funding rounds. 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 7
- Last Round Last Round
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First Round
First Round
(01 Jun 2009)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2018 | Amount | Debt – Conventional - SpareFoot | Valuation |
investors |
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| Mar, 2015 | Amount | Series D - SpareFoot | Valuation |
investors |
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| Feb, 2014 | Amount | Series C - SpareFoot | 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 SpareFoot
SpareFoot has secured backing from 8 investors, including venture fund investors. Prominent investors backing the company include Northleaf, Revolution and Insight Partners. 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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Private fund focused on equity, secondary market, fund of funds, and multiple investments
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Founded Year | Domain | Location | |
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Revolution is recognized as a D.C.-based investment firm.
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Founded Year | Domain | Location | |
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Investment firm scaling software and technology companies from early to late stages.
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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 SpareFoot
SpareFoot has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include SiteLink. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Management software for self-storage operators is provided by SiteLink.
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1996 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - SpareFoot
| 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 |
Sparefoot Comparisons
Competitors of SpareFoot
SpareFoot 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 Clutter, Public Storage, MakeSpace, Saltbox and ReadySpaces, 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 |
Moving and on-demand storage services are provided for physical belongings.
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| domain | founded_year | HQ Location |
Marketplace for self-storage units is provided to customers.
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| domain | founded_year | HQ Location |
On-demand storage and local moving services are offered.
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| domain | founded_year | HQ Location |
Cloud-based ecommerce fulfillment solutions for logistics are offered.
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| domain | founded_year | HQ Location |
On-demand warehouse spaces are provided for small and medium businesses.
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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 Sparefoot
Frequently Asked Questions about SpareFoot
When was SpareFoot founded?
SpareFoot was founded in 2008 and raised its 1st funding round 1 year after it was founded.
Where is SpareFoot located?
SpareFoot is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Is SpareFoot a funded company?
SpareFoot is a funded company, having raised a total of $49.83M across 7 funding rounds to date. The company's 1st funding round was a Series C of $10M, raised on Jun 01, 2009.
How many employees does SpareFoot have?
As of Dec 31, 2021, the latest employee count at SpareFoot is 355.
What does SpareFoot do?
SpareFoot was founded in 2008 in Austin, United States, within the self-storage sector. Initially structured as a person-to-person platform akin to peer-to-peer rentals, it evolved into a digital marketplace connecting consumers with storage operators. Rentals are facilitated through the platform, enabling searches, bookings, and transactions for various self-storage units across multiple locations. Operations focus on streamlining access to storage solutions nationwide.
Who are the top competitors of SpareFoot?
SpareFoot's top competitors include Saltbox, Clutter and Public Storage.
How many acquisitions has SpareFoot made?
SpareFoot has made 1 acquisition, including SiteLink.
Who are SpareFoot's investors?
SpareFoot has 8 investors. Key investors include Northleaf, Revolution, Insight Partners, Monkfish Equity, and Silverton Partners.