Type Private company Number of employees 15 Founded 2011 | Headquarters New York City Website www.thesquarefoot.com | |
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Services Commercial real estate technology Founders Aron Susman, Jonathan Wasserstrum, Justin Lee | ||
TheSquareFoot is a New York-based commercial real estate technology company that provides online real estate search and concierge services. The company has raised over $2 million in funding over the past 2 years.
Contents
History
In late 2011, Justin Lee, Jonathan Wasserstrum, and Aron Susman formed the company and launched the first prototype in the spring of 2012 at VentureBeat's DEMO Conference in San Francisco. The first market for the company was in Houston, TX, where they initially raised $350,000 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".
They closed another round of $500,000 from New York and Texas investors in the summer of 2013 to continue growth with Boston as one of the next markets in 2014.
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.
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.