Tenant Inc., a Newport Beach, CA-based vertical SaaS technology platform company which offers a complete ecosystem tailored to the self storage industry, closed a $25m third seed funding round.
The backers were not disclosed.
The company intends to use the funds to further advance product development, expand customer support and sales, and increase their platform integration.
Led by Lance Watkins, CEO, Tenant offers a cloud-based, all-in-one digital technology platform purpose-built for the Self Storage Industry. The company provides a single platform of software as a service (SaaS) products, self storage website, and technology solutions that give self storage operators everything they need to run their business across point of sale, operations, and online rentals.
Tenant recently acquired Storelocal, a private membership community of independent self-storage operators. Its members leverage resources to lower their operational costs and increase their profits through access to products and services, in-house technology development, vendor partnerships plus Storelocal Storage brand licensing. The company has more than 1,500 members and a real estate value worth more than $10 billion.
FinSMEs
08/08/2023