Cubby Storage raised $63 million in a Series A funding round led by Goldman Sachs Alternatives to enhance its AI-native platform for self-storage operations.

Target Information

Cubby Storage is an innovative company specializing in providing an AI-native platform tailored specifically for the self-storage industry. Launched in 2022, the company has rapidly differentiated itself by offering an integrated suite of tools that enhance facility management, e-commerce, revenue optimization, intelligent call handling, and Voice AI, all within a singular platform. Currently, Cubby supports over 400 operators managing approximately 450,000 storage units across North America, effectively addressing the challenges posed by outdated legacy systems in this sector.

The self-storage industry, valued at $50 billion in the U.S. alone, consists of over 52,000 locations, which is more than the combined total of major fast-food chains such as McDonald's, Starbucks, Chick-fil-A, and Burger King. Operators in this sector are under increasing pressure to modernize operations amidst tightening margins and a competitive landscape, which is where Cubby Storage seeks to make a significant impact through technology.

Industry Overview

The self-storage industry in the United States has experienced robust growth over the past decades, becoming a fundamental aspect of both commercial and residential property management. Due to the ongoing digital transformation, operators are press