The company was originally a person-to-person model, similar to Airbnb, that later developed into a marketplace for self-storage.

[11] The concept was developed a year prior when Gordon was attending UCLA and left to spend a semester in Singapore.

[11] The site was re-branded (along with a name change from Homstie to SpareFoot) and began allowing customers to find, compare and review potential storage providers.

[11] Additional funding for SpareFoot came in 2009 when the company was accepted into an incubator program at Capital Factory in Austin, Texas.

[15] On March 11, 2015, the company announced a Series D round of $33 million from Insight Venture Partners as well as Monkfish Equity and Revolution LLC.

[18] SpareFoot also gave $100 vouchers for self-storage space to Washington D.C. residents affected by Hurricane Sandy in 2012.