Storable Acquisition, Valuation, Funding & Investors

Storable was acquired by EQT for $2B in December 2020.

Storable acquisition price

$2B

Acquired by EQT · Dec 2020

Cumulative funding Storable raised

$10M

across 1 funding round

Key investors in Storable

  • Insight Partners

Storable Overview

About Storable

Storable is a Broomfield, Colorado-headquartered provider of self-storage software platforms used by 7,000 facilities managing 1.5 million units. The integrated suite offers website hosting, tenant portals, insurance sales via StorGuard, payments through SiteLink, and marketplace listings on SpareFoot. Founded in 2002, Storable processes billions in annual revenue for operators.


Founded

2008

HQ

United StatesAustin, TX

Status

Acquired

Customer focus

B2B

Revenue model

Subscription

Valuation

$2B (acquired Dec 2020)

Storable Acquisition

Storable was acquired by EQT for $2B on 16 December 2020.

Before the acquisition Storable had raised $10M across 1 funding round.

Storable acquisition details
AcquirerDateTypePrice
16 Dec 2020PE buyout$2B

Storable Funding History

Storable has raised a total of $10M across 1 funding round.

Storable funding rounds

Storable funding rounds
DateStageInvestorsRaisedDeal Summary
Feb 2014Series CInsight Partners (lead)$10MInsight Venture Partners invested $10 million in SpareFoot, the Austin-based online self-storage marketplace now known as Storable, in February 2014. The round came entirely from Insight, which had already invested $12 million in the company in 2013, bringing its total commitment to $22 million. Including this round, SpareFoot had raised $26 million in venture capital since its founding in 2008, with Capital Factory, Floodgate and Silverton Partners among its other backers. Chief executive Chuck Gordon said the proceeds would go toward engineering and product development. SpareFoot operates a marketplace that connects people searching for storage units with facility operators, and it also sells software and marketing tools to those operators. The company is headquartered in downtown Austin, Texas, and employed nearly 120 people at the time of the round, with plans to grow to about 160 by the end of the year. Valuation and other financial terms were not disclosed.

Who has invested in Storable?

1 investor has backed Storable across its funding rounds, including Insight Partners.

Lead investors include Insight Partners.


Storable Investors

Investors in Storable by funding rounds participated
InvestorHQRoundsRoleFirst check

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Acquisitions by Storable

Storable has acquired 3 companies to date.

Last acquisition by Storable was on May 1st 2024. Storable acquired NewBook for $250M.


Latest Acquisitions by Storable

NewBook
CallPotential
Molo
Description
NewBook is a Gold Coast-headquartered property management system provider founded in 2010 that powers cloud-based booking, guest management, and channel integration for hospitality businesses. Operating across Australia, Fiji, and the UK, it connects to OTAs like Booking.com and Expedia for revenue optimization.
CallPotential is a cloud-based CRM platform for self-storage operators, automating follow-up calls, lead tracking, and advertising ROI analysis. It equips facilities with customer data insights and call scripting to boost revenue nationwide.
Molo is a cloud-based SaaS platform headquartered in Redwood City, California, designed specifically for marinas, yacht clubs, boatyards, and shipyards throughout North America and Europe. The platform handles customer management, vessel tracking, slip and mooring reservations, service workflows, inventory control, and integrations with accounting systems like QuickBooks and Xero alongside payment gateways such as Stripe and PayPal. Launched in 2017, Molo serves over 400 marine businesses, enabling features like online booking portals and mobile apps that improve occupancy rates and customer engagement while automating billing and reporting processes.
HQ CountryAustraliaUnited StatesUnited States
HQ City
-
Plainfield, NJ
New York City, NY
Deal Date1 May 20244 Aug 202318 Aug 2021
Valuation$250Mundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Storable Competitors

Storable competitors include listed companies like Pine Labs, Diebold Nixdorf, Porch Group and Nayax, and private ones like Placer.ai and commercetools.

Public and private companies comparable to Storable
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Placer.aiUnited StatesSan Francisco, CAPrivate$100M-$1.5B15.0x
Pine LabsIndiaIndiaPublicly listed$255M$14M$2B3.0x
Diebold NixdorfUnited StatesUnited StatesPublicly listed$3.8B$329M$2B0.7x
commercetoolsGermanyMunichPrivate$150M-$1.9B12.7x
Porch GroupUnited StatesUnited StatesPublicly listed$510M$79M$2.3B4.8x
NayaxIsraelIsraelPublicly listed$400M$66M$1.8B3.6x

Storable Public Comps

Storable is no longer listed, but its public comps include Pine Labs, Diebold Nixdorf, Nayax, Porch Group, EverCommerce, Vusion, Newland Digital Technology, Turn Cloud Technology, Lightspeed Commerce and NCR Voyix.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Pine Labs$255M$14M3.9x3.0x70.6x15.3x
Diebold Nixdorf$3.8B$329M0.7x0.7x8.3x5.5x
Nayax$400M$66M4.5x3.6x27.3x22.0x
Porch Group$510M$79M4.8x4.8x30.8x18.8x
EverCommerce$589M$128M3.1x3.0x14.3x10.5x
Vusion$1.7B$305M1.4x1.3x7.8x6.9x
Newland Digital Technology$1.3B$190M1.5x1.1x10.1x9.9x
Turn Cloud Technology$24M$7M55.6x-193.1x-

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Common questions about Storable

When was Storable founded?Storable was founded in 2008.
Where is Storable headquartered?Storable is headquartered in Austin, TX, United States.
Is Storable publicly listed?No, Storable was acquired by EQT in December 2020.
Who acquired Storable?Storable was acquired by EQT in December 2020.
How much was Storable acquired for?Storable was acquired for $2B in December 2020.
How much funding has Storable raised?Storable has raised $10M across 1 funding round.
What was Storable's last funding round?Storable's last funding round was a $10M Series C in February 2014, led by Insight Partners.
Who are Storable's investors?Storable's investors include Insight Partners.
Which companies are comparable to Storable?Companies comparable to Storable include Placer.ai, Pine Labs, Diebold Nixdorf, commercetools, Porch Group and Nayax.
How many companies has Storable acquired?Storable has acquired 3 companies, including NewBook, CallPotential and Molo.
What was the largest acquisition by Storable?The $250M acquisition of NewBook in May 2024 is the largest acquisition Storable has made to date.

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