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OpenUnit Inc.

OpenUnit Inc. is a Toronto-based software startup that builds management tools for self-storage operators. Founded in 2019 by Taylor and Lucas.

OpenUnit Inc.

OpenUnit was founded in 2019 in Toronto, Canada by Taylor and Lucas, who previously worked together at Nudge Rewards building digital customer experience products. Taylor later built ticketing experiences at what the firm describes as 'the world's largest entertainment company,' while Lucas created products for the waste industry. OpenUnit's platform covers online presence, reservation systems, merchant solutions, and management software for self-storage operators. It targets both single mom-and-pop sites and multi-facility corporations, offering tools to simplify operations and improve customer experience. The firm completed Y Combinator and spent over a year in development before launch (per OpenUnit website). The company participates in industry bodies including the Self Storage Association (SSA) and Canadian Self Storage Association (CSSA). Team size and additional operational metrics are not publicly disclosed. No major funding rounds or recent activity have been reported. OpenUnit's structural differentiator is its founder-driven, vertical-specific approach to a legacy software market. The co-founders personally experienced the pain of fragmented, bloated software in self-storage and built OpenUnit as a purpose-built alternative to general-purpose management tools.

General information

Firm type

other

Year founded

2019

AUM

Undisclosed

Location

Region

North America

Country

Canada

City

Toronto

Corporate office

Toronto, Canada

Principals

Taylor

Co-founder

Lucas

Co-founder

Sector focus

Enterprise SoftwarePropTech

Frequently asked questions

Who runs investment decisions at OpenUnit?

The firm is a startup, not an investment vehicle. Co-founders Taylor and Lucas lead product and strategy decisions (per OpenUnit website).

How does OpenUnit source proprietary deal flow?

OpenUnit does not operate as an investment firm. It develops software for the self-storage industry, sourced via industry memberships in SSA and CSSA (per OpenUnit website).

Is OpenUnit structured as a single family office or does it operate more like a venture firm?

OpenUnit is a private software company, not a family office or venture firm. It was founded in 2019 and is based in Toronto.

What investment stages does OpenUnit typically target?

OpenUnit does not make investments. It builds and sells software platforms for self-storage facility management.

Which sectors does OpenUnit explicitly avoid?

OpenUnit focuses exclusively on the self-storage industry. It does not serve other real estate or property sectors (per OpenUnit website).

Does OpenUnit maintain philanthropic structures?

No philanthropic structures have been disclosed. The firm is a for-profit software company.

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