SecurSpace Inc., a platform enabling on-demand access to industrial real estate, has raised $900,000 in an equity offering, according to a Securities and Exchange Commission filing on Wednesday.
The $900,000 was raised by three investors with the date of the first sale in March. The offering has $99,883 left to be sold for a total of $999,883.
The filing does not disclose what the company plans to do with the money.
SecurSpace was founded to solve the problem of the lack of affordable parking and storage options for trucks, trailers and containers across the country.
The company caters to both buyers and suppliers where suppliers can list their real estate and buyers can contract the real estate for a certain period of time. SecurSpace currently has more than 300 locations in 22 states.
The Charlotte-based company was started in 2016 by co-founders Adam Simkins and Cory Bailey, who act as the company’s chief technical officer and president, respectively.
Simkins has over 13 years of experience in full stack development of professional grade web applications and has worked in both technical and management focused leadership roles for over eight years.
In February 2018, the company raised $600,000 in equity. That filing can be found here.
Companies relying on a Reg D exemption do not have to register their offering of securities with the SEC, but they must file what’s known as a Form D electronically with the SEC after they first sell their securities.