RALEIGH – 10 Federal, a Raleigh startup that is acquiring and building self-storage sites that are fully automated, has raised $1.35 million from investors.
According to a securities filing, 10 Federal has raised nearly $8.4 million since launch in 2017.
The firm, backed by 161 investors to date, aims to raise $10 million.
10 Federal is led by Bradford and Clifton Minsley.
It recently acquired a storage facility in Fort Mill, SC. The company has made eight acquisitions to date, according to its latest announcement.
“10 Federal will deploy its suite of technologies to support unmanned operations which includes the installation of a kiosk rental center, model unit, proprietary overlock system and extending 10 Federal’s call center services to this facility,” the company says.
“The goal of 10FSSAC1 is to acquire, renovate and convert self-storage properties to 10 Federal’s unmanned, automated platform. Once converted, 10 Federal can efficiently and effectively operate the facilities using technology and remote support.”
