Funding and Acquisitions Roundup: Storefront lands $1.6M to help brick-and-mortar retailers rent unused space to ‘pop up’ merchants
By Brian Kovalesky, StartUp Beat Editor
Today’s early-stage startup funding and acquisitions news:
San Francisco-based Storefront, which connects small retailers with unused space in brick and mortar stores for ‘pop up’ shops, has raised $1.6 million in Seed funding. Investors include Mohr Davidow Ventures, Great Oaks Venture Capital, 500 Startups, BoxGroup and Sand Hill Angels. The company, which was founded in 2012 and was a member of AngelPad’s fall 2012 accelerator class, is focused on utilizing unused retail space that allows independent retailers to rent short-term space, and creates a new revenue source for retailers with commercial space by enabling them to rent out previously wasted space. Storefront’s founders are CEO Erik Eliason, who previously co-founded SocialEarth Media and uTead.com, and COO Tristan Pollock, who was also a SocialEarth (acquired by 3BL Media last year) co-founder.
HQ: San Francisco
Year Founded: 2012
Innovation: Allows independent retailers to rent short-term space for ‘pop up’ stores, and creates a new revenue source for retailers that have commercial space by enabling them to rent out previously wasted space.
Total Funding: $1.6 million
More funding and acquisitions news…
HTML5 App Platform Ludei Nabs $1.5 Million in VC, Angel Funding (via AllThingsDigital)
Metacloud Announces $10 Million ‘Series A’ Funding to Extend Private Cloud Offerings (via company press release)
TV industry-backed second screen app ConnecTV raises $1.4M (via VentureBeat)
Quartzy snaps $6.6M in new funding to bring some order to labs (via VentureBeat)
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