Monday, February 24, 2014

SpareFoot Raises $10M More

Austin-based online self-storage marketplace Sparefoot has raised $10M more in a funding round from Insight Venture Partners. Sparefoot, which now has 120 employees, has been on a growth tear in the last few years; the company now now raised a total of $26M in funding. The company raised $12M from Insight last year. Insight Ventures, based out of New York, typically invests in growth rounds. Sparefoot only hit 100 employees in November of last year; it's now targeting nearly 160 people by the end of the year, according to the company. Sparefoot has previously raised funding from Capital Factory, FLOODGATE and Silverton Partners, who were not part of this round. More information »