# OpenUnit

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/openunit

- Industry: Software
- Headquarters: Toronto, Canada
- Website: www.openunit.com
- Total disclosed funding: $1M
- Latest round: Seed (May 20, 2021)
- Investors on record: 3

## About

OpenUnit Inc. specializes in providing advanced management software for self-storage facilities, enhancing operational efficiency and customer engagement through an integrated platform.Founded in 2019 in Toronto, Canada, OpenUnit Inc. focuses on self-storage management solutions. The company has completed 2 deals, with its most recent funding round being a Seed round on May 20, 2021, raising USD 1.000 mn from Advisors.fund, Garage Capital, and InSite Property Group. The founder's details are not publicly available.OpenUnit offers a comprehensive suite of tools for self-storage operators, including management software that features online reservation systems, payment processing, and CRM tools. This platform enhances operators' online presence and management capabilities, catering to both individual and large enterprise clients across North America, Europe, and Australia.OpenUnit's revenue model is based on a free-to-use software approach, generating income through transaction fees on payments via its integrated Point-of-Sale (POS) system and potential subscription models for advanced features. The specific pricing for individual products has not been disclosed, but the company highlights the cost-effectiveness of its offerings in the self-storage management sector.Following its Seed funding round in May 2021, OpenUnit Inc. plans to utilize the USD 1.000 mn raised to hire new employees and expand its product line. The company is also strategizing to enter new markets, specifically targeting expansions in North America and Europe within the next two years.

## Funding rounds

- Seed, May 20, 2021, $1M — Garage Capital, Advisors.fund, InSite Property Group

## Investors

- Garage Capital (https://capitalatlas.ai/funds/garage-capital) — Seed
- Advisors.fund (https://capitalatlas.ai/funds/advisors-fund) — Seed
- InSite Property Group — Seed