10 Federal Raises $80 Million in Q3 2023, Aims for $100 Million Fundraising Goal

Local company 10 Federal has announced raising $80 million in the third quarter of 2023, bringing their total funds raised this year to $80 million out of their goal of $100 million.

Why It Matters:

10 Federal's fundraising success showcases the company's growth and expansion plans, particularly in the self-storage sector. The company's innovative technology and recent acquisition highlight its position as a leader in the industry.

The Details:

• 10 Federal is a commercial real estate firm involved in self-storage,
  multi-family construction, technology, and finance sectors.

• The recent fundraising will support the company’s growth strategy and expansion goals in the self-storage sector.

• The company has acquired a self-storage development opportunity in
  Georgetown, TX, adding to its existing locations in 12 states.

• 10 Federal has developed unique technology for the storage industry,
  including the patented DaVinci Lock, which allows remote and automatic
  access to storage units.

• The company is working on a kiosk interface for self-storage sites, enabling smartphone and Bluetooth connectivity, remote locking and unlocking,
  and tenant management.

Conclusion:

With $80 million raised in the third quarter of 2023, 10 Federal is well on its way to achieving its fundraising goal of $100 million for the year. The company's focus on self-storage technology and strategic acquisitions positions it as a leader in the industry.