Deals

Need storage? Find it with SpareFoot — which just raised $1.5M

SpareFoot, an online listing of self-storage units, has raised an extra $1.5 million to complete its second round of funding — and it’s destined to save hours and hours of drama for college students everywhere as the semester comes to a close.

The most popular search on that site is “college summer storage” — not that it should come as any kind of surprise.

I wish I knew about this site when I was at the University of North Carolina. Users type in their location and can quickly find nearby self-storage companies that have storage units available. The sites are sorted by price and indicate whether the storage companies are offering any kind of deal. Users can view photos of each storage site and reserve the unit through the site.

Looking for cheap storage spots, sometimes for just a few weeks at a time, was one of the most infuriating and expensive parts of the dead spot between semesters. It was even worse being an out-of-state student without a whole lot of support and no open garage space sitting around during my first year.

There’s a huge amount of competition for storage space as the semester comes to an end. I would have personally saved at least a few hours — and a bit of drama — if I’d had access to a list of storage locations in the area that had open units.

SpareFoot was part of Capital Factory’s startup incubation program in 2009, which included mentorship and $20,000 in funding. The latest round is an extension of its second round of funding. The company raised $2 million in June last year. That brings the company’s full second round of funding to $3.5 million. The company was founded in 2008 and is based in Austin, Texas. It’s backed by Floodgate and Silverton Partners.

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