Molo, a SaaS management platform for marinas, shipyards, and yacht clubs, has been acquired by Storable, a software provider for the self-storage industry. Terms of the transactions were not disclosed. “We are thrilled to be joining forces with Storable! We look forward to leveraging the Storable model to build the most powerful suite of products in the recreational marine industry,” says Lucas Isola, cofounder, Molo. “Storable not only supplies a huge portion of the storage industry with software, but they also have a marketplace, a payments product, insurance, and a new IoT, access control product. There are so many natural opportunities to achieve great economies of scale and provide our customers with enhanced capabilities to optimize their businesses.”
We are thrilled to be joining forces with Storable! We look forward to leveraging the Storable model to build the most powerful suite of products in the recreational marine industry. Storable not only supplies a huge portion of the storage industry with software, but they also have a marketplace, a payments product, insurance, and a new IoT, access control product. There are so many natural opportunities to achieve great economies of scale and provide our customers with enhanced capabilities to optimize their businesses. – Lucas Isola
Founded by Isola and Rocko Stojiljkovic in 2012, Mola had raised a total of $900K in funding. Backers of the company include Entrepreneurs Roundtable Accelerator, South Central Ventures, and Uncommon Denominator. The entire Molo team is expected to be retained and operate the marina business within Storable.
