About

Storable provides technology solutions specifically designed for the self-storage industry, which is valued at $38 billion. Their products include facility management software, websites, marketing tools, search aggregators, tenant insurance tools, and payment processing services. These tools help self-storage facility owners and operators streamline their daily operations and enhance business growth. Storable stands out from its competitors by having a diverse team with a wide range of backgrounds and experiences, which contributes to their success and creativity in developing effective technology solutions. The company aims to empower self-storage businesses of all sizes, from large operations to small family-run facilities, enabling them to manage their businesses more efficiently.

Simplify's Take

What believers are saying

• Storable's expansion into new verticals like RV parks and campgrounds through acquisitions like Newbook indicates strong growth potential.
• The company's commitment to sustainability, validated by the SBTi, positions it as a forward-thinking and environmentally responsible employer.
• Storable's significant investment in its R&D presence in India suggests a focus on innovation and global market expansion.

What critics are saying

• The self-storage technology market is niche, and Storable's growth may be limited if the industry faces economic downturns.
• Integrating acquisitions like CallPotential and Newbook could present challenges in maintaining a cohesive company culture and technology stack.

What makes Storable unique

• Storable's comprehensive suite of technology products specifically tailored for the self-storage industry sets it apart from competitors who may offer more generalized solutions.
• The company's Insured-To-Value technology introduces a unique revenue stream for operators while enhancing tenant protection, a feature not commonly found in the market.
• Storable's diverse and award-winning team brings a wide range of perspectives and expertise, contributing to innovative and effective solutions.

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