TheSquareFoot

TheSquareFoot
Private company
Founded April 2011 (2011-04)
Founders

Jonathan Wasserstrum, Justin Lee, Aron Susman

Headquarters New York City
Services Commercial real estate technology
Number of employees
 15
Website www.thesquarefoot.com

TheSquareFoot is a New York-based commercial real estate technology company that provides online real estate search and concierge services.[1] The company has raised over $2 million in funding[2] over the past 2 years.

History

In late 2011, Justin Lee, Jonathan Wasserstrum, and Aron Susman[3] formed the company and launched the first prototype in the spring of 2012[4] at VentureBeat's DEMO Conference in San Francisco. The first market for the company was in Houston, TX, where they initially raised $350,000[5] from friends and family.

In 2013, TheSquareFoot was chosen to be included in the 4th class Entrepreneurs Roundtable Accelerator in New York, a startup incubator that offers seed funding and three months of mentorship for selected firms. By April 2013, TheSquareFoot had expanded Austin, Dallas, and New York City and TechCrunch named TheSquareFoot as one of the "Top 5 Startups to Watch".[6]

They closed another round of $500,000 from New York and Texas investors in the summer of 2013[7] to continue growth with Boston as one of the next markets in 2014.[8]

In April 2015, TheSquareFoot announced their first institutional financing round led by Primary Venture Partners, with participation from RRE Ventures, Triangle Peak Partners, and a slate of strategic angel investors.[9][10]

Product

TheSquareFoot launched a new version of their website in early 2014, including interactive pictures, videos, and floor plans of available spaces. The site also includes a Leasopedia, and a space calculator.

References

  1. ↑ "Product". TheSquareFoot. Retrieved 1 May 2014.
  2. ↑ "Company Overview". CrunchBase. Retrieved 1 May 2014.
  3. ↑ "Huffington Post". Huffington Post.
  4. ↑ "TheSquareFoot: disruptive commercial real estate startup". AG Beat. Retrieved 1 May 2014.
  5. ↑ "Startup's niche is in office space". Chron. Retrieved 1 May 2014.
  6. ↑ "Meet The Top Five Startups From ERA's Latest New York Demo Day". TechCrunch. Retrieved 1 May 2014.
  7. ↑ "10 startups debut at Entrepreneurs Roundtable Accelerator's Demo Day". VentureBeat. Retrieved 1 May 2014.
  8. ↑ "Question of the Month: What new commercial real estate technologies are entering the Boston market?". NEREJ. Retrieved 30 May 2014.
  9. ↑ http://www.thesquarefoot.com/blog/posts/ready-for-the-next-chapter
  10. ↑ http://www.alleywatch.com/2015/04/this-nyc-startup-just-squared-away-2m-in-seed-funding/
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