Home featured Roland Tam and Mike Rosenbaum, Co-founders of Spacer Featured Funding | Investment Startup Featured Spacer raises $2.7m, builds out its space sharing marketplace with acquisition of Parkhound James Harkness October 10, 2017 Spacer is vying to become the dominant marketplace for storage, parking and warehouse space in Australia, today announcing that it has acquired Melbourne-based startup Parkhound and completed a $2.7m in Series A funding round. Founded by former private equity professional Roland Tam and ex-Deals Direct CEO Michael Rosenbaum, Spacer has raised $5 million in funding from angel and private investors since launching two years ago. The acquisition of Parkhound, which has been dubbed an ‘Airbnb for parking’, sees Spacer take control of the startup’s intellectual property including database, tech platform and customers. In addition, it means Spacer will have more than 20,000 suppliers across the storage, parking and warehouse verticals, and maintain a number of business partnerships Parkhound had with CBD parking operators. Tam spoke to Dynamic Business about Spacer’s latest capital raise and Parkhound, which is the company’s second acquisition this year, following on from US-based startup Roost – like Spacer, a peer-to-peer marketplace for storage and parking space. DB: How will Spacer invest the Series A funds? Tam: The capital will be used to support the Parkhound acquisition and additional investment in people and marketing. Our platform and brand are gaining strong traction, and we want to extend our footprint from being Sydney and Melbourne centric, to nationwide. Our operating model is translating well