About SpareFoot
SpareFoot is a Transportation, Automotive & Logistics company based in Austin (United States) founded in 2008, and was acquired by Cove Hill Partners in August 2018. An online marketplace for self-storage rentals is operated. It operates in the Transportation, Automotive & Logistics and Business Services sectors. SpareFoot has raised $49.83 million across 7 funding rounds from investors including Northleaf, Revolution and Insight Partners. The company has 355 employees. SpareFoot has completed 1 acquisition, including SiteLink. Its website sparefoot.com draws about 569 thousand monthly visits. Its focus areas include Consumer, Logistics Tech, Warehousing and Self Storage. Its legal entity is SpareFoot, Inc. Its competitors include Clutter, Public Storage and MakeSpace; 2 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Austin, United States
- Employees 355
- Stage Acquired
- SectorsTransportation, Automotive & LogisticsBusiness Services
- Website category Business and Consumer Services · Shipping and Logistics
- Website sparefoot.com
- Social LinkedIn X Facebook
- Acquired by Cove Hill Partners (Aug 2018)
- Legal Name Sparefoot, Inc
- Total Equity Funding$49.83M (USD)
in 7 rounds
- InvestorsNorthleaf
& 7 more
- Employee Count355
- Investments & Acquisitions
- Acquired byCove Hill Partners
(Aug 2018)
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 $49.83M
- Total Rounds 7
- First Round $1M
(Jun 2009)
- Investors Count 7
All 7 funding rounds of SpareFoot with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2018 | Debt – Conventional | – | – | ||
| Mar 2015 | $33M | Series D | – | – | |
| Feb 2014 | $10M | Series C | – | – | |
| Mar 2011 | $3.5M | Series B | – | Silverton Partners, Floodgate | |
| Jun 2010 | $2M | Series A | – | – | – |
| Sep 2009 | $329,226 | Series A | – | – | – |
| Jun 2009 | $1M | Series A | – | – |
8 investors in total: 8 institutional.
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 |
|---|---|---|---|---|
Private fund focused on equity, secondary market, fund of funds, and multiple investments | 2009 | northleafcapital.com | Toronto, Canada | |
Revolution is recognized as a D.C.-based investment firm. | revolution.com | Washington, Dc, United States | ||
Investment firm scaling software and technology companies from early to late stages. | insightpartners.com | |||
Tech focused pre seed & seed stage micro VC firm investing in the US & Germany | monkfish-equity.com | Leipzig, Germany | ||
Tech companies are funded through venture capital by Silverton Partners. | silvertonpartners.com | Austin, United States | ||
Acceleration is provided to seed-stage, early-stage, and later-stage companies. | capitalfactory.com | Austin, United States | ||
Early-stage investments are focused on by Floodgate in US startups. | floodgate.com | Menlo Park, United States | ||
Private equity investments are made in technology and consumer sectors. | covehillpartners.com | Boston, United States |
Investor details for SpareFoot
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of SpareFoot
3 people are tracked at SpareFoot (1 in leadership, 2 in team); the tracked headcount is 355.
| Name | Role | Group |
|---|---|---|
Mario Feghali | Co-founder | Leadership |
Wade Smith | Account Manager | Team |
Richard Pedersen | ACE Team Lead | Team |
Complete people profiles for SpareFoot
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Investments & Acquisitions by SpareFoot
SpareFoot has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include SiteLink.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Management software for self-storage operators is provided by SiteLink. | sitelink.com | Raleigh, United States | 1996 | Mar 2018 | •••• |
Complete acquisition details for SpareFoot
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
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Timeline of SpareFoot
5 dated milestones of SpareFoot across 10 years, from founding to its latest funding, stage changes and deals.
- Founded SpareFoot is founded.
- Funding First funding round of $1.0M.
- Acquisition Acquires SiteLink.
- Funding Latest funding round, Debt – Conventional,.
- Exit Acquired by Cove Hill Partners.
Competitors of SpareFoot
SpareFoot has 3 listed competitors in our database, 2 of them funded. They include Clutter, Public Storage and MakeSpace.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| clutter.com | 2015 | Culver, United States | $297.24M | 786 | Moving and on-demand storage services are provided for physical belongings. | |
| publicstorage.com | 1972 | Los Angeles, United States | 5,900 | Marketplace for self-storage units is provided to customers. | ||
| makespace.com | 2013 | New York, United States | $132.5M | On-demand storage and local moving services are offered. |
Detailed competitors of SpareFoot
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
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Web traffic of SpareFoot
The website of SpareFoot (sparefoot.com) receives about 569K visits a month and ranks #83,904 among all websites worldwide, #2,134 in Shipping and Logistics.
- Monthly visits569K
▲ 5.4% vs previous month
- Unique visitors349.1K
per month
- Global rank#83,904
among all websites
- Category rank#2,134
Business and Consumer Services · Shipping and Logistics
- Bounce rate35%
- Pages per visit3.4
- Average visit2 min 15 sec
- DevicesDesktop 14% · Mobile 86%
Websites whose visitors overlap most with SpareFoot. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| selfstorage.com | 100% | 477.9K | #109,582 | View details | |
| extraspace.com | 87% | 3.6M | #16,186 | View details | |
| cubesmart.com | 84% | 834K | #43,416 | View details | |
| publicstorage.com | 74% | 3.1M | #16,650 | View details | |
findstoragefast.com | findstoragefast.com | 64% | #834,035 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for SpareFoot
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- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
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Top companies in Logistics Technology & Platforms
3 companies that operate in the same segment as SpareFoot (Logistics Technology & Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Food and grocery deliveries are facilitated through an app-based platform. | 2013 | San Francisco, California, United States | USD 2.5 B | USD 10.72 B | 80,579 | |
AI-powered cloud-based vehicle tracking solutions are offered for fleet owners. | 2015 | San Francisco, California, United States | USD 915 M | USD 1.62 B | 5,792 | |
Cloud-based logistics software suite is provided for supply chain management. | 1994 | Schaumburg, Illinois, United States | USD 35 M | USD 1.42 B | 3,600 |
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Related news about 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. The company's 1st funding round was a Series A of $1M, raised on Jun 2009.
SpareFoot has 355 employees.
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 Clutter, Public Storage and MakeSpace.
SpareFoot has made 1 acquisition, including SiteLink.
SpareFoot has 8 investors. Key investors include Northleaf, Revolution, Insight Partners, Monkfish Equity, and Silverton Partners.
SpareFoot operates through Sparefoot, Inc.
Yes. SpareFoot was acquired by Cove Hill Partners in August 2018.
The website of SpareFoot receives about 569 thousand visits a month and ranks #83,904 among all websites worldwide.