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
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- Legal Name Sparefoot, Inc
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$49.83 M (USD)
in 7 rounds
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Latest Funding Round
Not available
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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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People of SpareFoot
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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.
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.
| 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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Revolution is recognized as a D.C.-based investment firm.
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Investment firm scaling software and technology companies from early to late stages.
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Investor details for SpareFoot
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Investments & Acquisitions by SpareFoot
SpareFoot has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include SiteLink.
Investment portfolio details for SpareFoot
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| 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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Complete acquisition details for SpareFoot
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Financial Statements - SpareFoot
Detailed financials for SpareFoot
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Sparefoot Comparisons
Peer comparison for SpareFoot
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Moving and on-demand storage services are provided for physical belongings.
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Marketplace for self-storage units is provided to customers.
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On-demand storage and local moving services are offered.
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Cloud-based ecommerce fulfillment solutions for logistics are offered.
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On-demand warehouse spaces are provided for small and medium businesses.
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Detailed competitors of SpareFoot
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Latest news on Sparefoot
Complete news archive for SpareFoot
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Frequently Asked Questions about SpareFoot
SpareFoot was founded in 2008 and raised its 1st funding round 1 year after it was founded.
SpareFoot is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
SpareFoot is a funded company, having raised a total of $49.83M across 7 funding rounds to date.
As of Dec 31, 2021, the latest employee count at SpareFoot is 355.
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.
SpareFoot's top competitors include Saltbox, Clutter and Public Storage.
SpareFoot has made 1 acquisition, including SiteLink.
SpareFoot has 8 investors. Key investors include Northleaf, Revolution, Insight Partners, Monkfish Equity, and Silverton Partners.