Cubby, a provider of an artificial-intelligence-powered self-storage management platform, has secured $63 million in investments to enhance its software, recruit talent, and invest in product development and customer-success initiatives. This Series A funding round was led by Growth Equity at Goldman Sachs Alternatives, with additional participation from existing investors, according to a press release.
“We founded Cubby to help self-storage operators, many of them entrepreneurs, grow exceptional businesses. From day one, we’ve focused on giving our clients the ability to drive revenue and delight their renters,” said Cubby CEO and Cofounder Matt Engfer. “This investment enables us to fast-track the talent, products and service self-storage operators deserve.”
“Cubby is transforming how self-storage operators run their businesses by replacing legacy systems with a modern, intuitive and highly scalable platform,” said Kelly Wallace, investor at Growth Equity at Goldman Sachs Alternatives, who’ll be joining Cubby’s board of directors. “The team’s deeply customer-centric approach, combined with AI-enabled workflows, allow operators to manage their portfolios more seamlessly and make better, data-driven decisions. We view Cubby as an emerging leader in the self-storage market and believe the company is building the foundational system of record for the next generation of the industry.”
Related:Self-Storage Building Supplier MakoRabco Now Offering Portable-Storage Units
Founded in 2022 and based in New York City, Cubby is a privately held software-development company. Its self-storage platform handles analytics, communications, e-commerce, marketing and revenue management. It can be used by single- or multi-site owners of staffed or unattended sites.
Since 2003, Growth Equity at Goldman Sachs Alternatives has invested more than $13 billion in growth-stage and technology-driven companies spanning multiple industries, including enterprise and financial technology, consumer, and healthcare.
Sources:CityBiz, Cubby Secures $63 Million in Series A Funding Round Led by Growth Equity at Goldman Sachs AlternativesInvesting.com, Cubby Raises $63 Million in Series A Funding for Self-Storage Tech
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