Austin Funding SXSW

Investors Are Headed To SXSW With Checkbooks Open

wpid-sparefoot-logo-5001 Investors Are Headed To SXSW With Checkbooks Open

Washington DC has had a great presence at the South By Southwest Interactive conference in Austin Texas for the past several years. I’ve managed to bump into AOL co-founder and Revolution Chairman Steve Case at the annual March pilgrimage every year for the past few years.

Outside of sxsw though,  Austin has a thriving startup community. It seems like funding news comes out of Austin almost as frequently as either coast, and that’s even after the “collapse of Austin Ventures”.

Technical.ly DC reported Wednesday that Austin based Sparefoot just closed a $33 million dollar venture round led by Revolution Growth, a growth fund that’s part of Steve Case’s Revolution Partners.

Sparefoot began as a peer to peer storage space platform where users could rent extra closet space, basements and garages. They’ve since pivoted to become the best place to find the best deals on self storage.

“Using the SpareFoot platform, consumers in need of self-storage can quickly and easily find and book a facility that meets their needs based on price, location, and other filterable options,” said Revolution cofounder Steve Case.

Sparefoot is very active in the Austin startup scene and plays host to several startups during sxsw. They were also the inaugural winner of the Startup Games an Olympics for entrepreneurs and founders created in part by Capital Factory Founder Josh Baer.