Storable, a Texas-based self-storage software and technology provider, has acquired Molo, the cloud-based management software platform for marina businesses.
Molo’s technology helps marine businesses increase their revenue, decrease administrative burden, and better engage with their customers. Its co-founders Rodoljub Stojiljkovic and Lucas Isola founded Molo with intention to bring powerful and easy-to-use tools to the marina industry through digitalization of workflows, processes, and payments in management of nautical marinas.
The development team of Molo is located in Serbia, while the business team is in New York. As part of the acquisition, the Molo team will remain in place to continue leading the marina business unit within Storable and will now leverage the Storable model to build a powerful suite of products in the marine industry. Since 2019, Molo has been one of the portfolio companies of South Central Ventures, the €40 million fund dedicated to investments in startups, small and medium tech-companies in Western Balkans.
