NEW YORK — Cubby, a property management platform focused on serving the needs of self-storage operators with integrated revenue management, call management, and e-commerce capabilities, has raised $63 million Series A. The investment was led by Growth Equity at Goldman Sachs Alternatives, with participation from existing investors.
This capital will accelerate Cubby’s mission to empower storage operators to grow their businesses more profitably, efficiently, and quickly by enhancing the industry’s access to world-class technology and AI. Proceeds will be used to continue recruiting the best talent in the industry, advancing a suite of software and AI products, and investing significantly in product development and customer success initiatives to deliver sustained value for customers while supporting the explosive growth the company is realizing.
Cubby is used by over 400 operators managing over 450,000 units across North America.
“Cubby is transforming how self-storage operators run their businesses by replacing legacy systems with a modern, intuitive, and highly scalable platform,” said Kelly Wallace, Investor at Growth Equity at Goldman Sachs Alternatives who will be joining Cubby’s Board of Directors. “The team’s deeply customer-centric approach, combined with AI-enabled workflows, allow operators to manage their portfolios more seamlessly and make better, data-driven decisions. We view Cubby as an emerging leader in the self-storage market and believe the company is building the foundational system of record for the next generation of the industry.”
This investment underscores a significant shift in the storage industry—a race to modernize technology that meets today’s renter expectations in a growing but competitive marketplace. As the industry transitions from legacy systems to more flexible and secure technological foundations and agentic workflows, Cubby has emerged as a clear leader, fueling fast, and sustained growth across a variety of storage operating models.
“We founded Cubby to help self-storage operators, many of them entrepreneurs, grow exceptional businesses. From day one we’ve focused on giving our clients the ability to drive revenue and delight their renters,” said Matt Engfer, CEO and co-Founder of Cubby. “This investment enables us to fast-track the talent, products, and service self-storage operators deserve.”
“The self-storage industry has been waiting for a platform like Cubby. You can’t innovate without a stable, performant foundation—and Cubby has unlocked exactly that. What used to be buzzwords are now delivering measurable yield and real business impact for my team. With their software, AI capabilities, and integrity, Cubby is transforming self-storage from a technology laggard into an industry that can serve as an example of what’s possible.”
— Adam Mikkelson, Liberty Investment Properties
