![]() We have proven the concept across multiple markets and asset classes - office, multifamily, retail, and hotel - and we value our institutional landlord partners who continue to grow with us." Stuf members visit 3x more often than the industry average because we make storage easy with our wonderful customer experience, location accessibility, and tech enablement. Lau said: "Pioneering change in real estate is never easy, but the evolving needs of consumers and commercial landlords are driving an appetite for innovation and change on both sides. By repurposing spaces in existing buildings, Stuf is not burdened by the timeline, cost, and greenhouse gas emissions that come along with new construction. Additionally, Stuf creates a new revenue stream and amenity for commercial landlords who are looking for new ways to monetize their buildings in a post-pandemic environment. Stuf CEO and founder Katharine Lau is turning that into an opportunity and breathing new life into the antiquated self storage industry by meeting users where they need storage most – near their home or workplace. The company will also invest in brand awareness among consumers and landlords and grow its team across all functions, including real estate, engineering, marketing, operations, and more.Ĭurrently, an estimated 168 million square feet of commercial real estate sits vacant and underutilized. Stuf will use the funds to expand nationally, bringing its tech-enabled storage closer to more people and businesses across the U.S. ![]() The funding is a validation of the company's vision to modernize self storage and monetize underutilized real estate with technology at the core of its business. ![]() Other existing investors include ANIM Fund, Palm Tree Crew, and Good Friends (the founders of Warby Parker, Harry's and Allbirds). 16, 2023 /PRNewswire/ - Stuf, a next-generation self storage startup recently recognized by Fast Company as one of The World's Most Innovative Companies in 2022, today announced that it has closed an $11 million Series A financing round led by Altos Ventures and Allegion Ventures, with participation from existing investors, Wilshire Lane Capital and Harlem Capital. ![]()
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