What is Square Foot?
Founded in 2011 and headquartered in New York, New York, Square Foot operates within the commercial real estate technology landscape. The company distinguishes itself by offering comprehensive online real estate search functionalities coupled with personalized concierge services. This dual approach aims to streamline the often complex process of commercial property acquisition and leasing for businesses. Square Foot's innovative platform addresses a critical need for efficient and transparent real estate solutions in a dynamic market.
How much funding has Square Foot raised?
Square Foot has raised a total of $23M across 2 funding rounds:
Series A
$7M
Series B
$16M
Series A (2018): $7M with participation from Rosecliff Capital Advisors
Series B (2019): $16M led by Rosecliff, DRW VC, Triangle Peak Partners, and RRE
Key Investors in Square Foot
Triangle Peak Partners
Triangle Peak Partners is a multi-strategy asset management firm specializing in growth stage investments in technology, clean tech, and energy sectors. The firm manages a diverse portfolio that includes companies in financial search engines, crowdsourced bug bounty platforms, and residential solar power, among others. Their intended clients are investors seeking opportunities in innovative and sustainable technologies. With a team of experienced professionals, Triangle Peak Partners aims to drive growth and value in its investments.
RRE
RRE Digital Agency is a company that operates in the Multimedia & Graphic Design industry. It employs 20to49 people and has 5Mto10M of revenue. The company is headquartered in Singapore, Central Singapore, Singapore.
Rosecliff Capital Advisors
Rosecliff Capital offers financial guidance and investment services aimed at helping clients achieve their financial goals. The company focuses on providing tailored investment strategies to meet the unique needs of its clients. With a commitment to personalized service, Rosecliff Capital seeks to empower individuals and businesses in their financial decision-making. Their target clients include both individual investors and businesses looking for expert financial advice.
What's next for Square Foot?
With the recent influx of major strategic investment, Square Foot is poised for accelerated growth and market penetration. The company's focus on leveraging technology to enhance the commercial real estate search experience, combined with its concierge services, positions it favorably for scaling operations. Future developments are likely to involve expanding its service offerings, enhancing its technological infrastructure, and potentially broadening its geographic reach. This strategic financing will enable Square Foot to further solidify its competitive advantage and pursue new opportunities in the evolving proptech industry.
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