Tenant has recently closed its third seed funding round, raising $25 million to support the rapid growth and market penetration of its SaaS platform. Serving the self-storage industry, Tenant built an ecosystem for property management efficiency, visibility, automation and scalability. The company has also recently acquired Storelocal, a private membership community of independent self-storage operators.
Tenant’s platform provides self-storage operators with a cloud-based, all-in-one digital technology platform with the SaaS products, self-storage website and technology solutions needed to run their business. Its platform offers tools for point of sale, operations and online rentals.
The Newport Beach-based company will use the oversubscribed funding round to further advance product development, expand customer support and sales and increase its platform integration.
