Exclusive: Cubby raises $63 million in Goldman Sachs-led funding to scale self-storage software
Wild things happen in the self-storage business.
In 2023, Matt Engfer was at back-to-back lien auctions in Texas. At auctions like this, bidders buy abandoned units with no idea what’s inside, gambling on mysteries.
So, the opening of a unit can get dramatic. The lock comes off, the door curls up, and everyone inhales. And on this particular Texas day, that first unit was an out-of-left field treasure trove, filled with artwork worth tens of thousands of dollars. The second unit was even more memorable.