Stashbee announces £1.6m funding round on Seedrs
by Startacus Admin
Stashbee, the online sharing-economy platform for storage space, has announced a targeted £1.6m funding round on leading European investment platform Seedrs, with the aim to be the largest UK storage provider in 2020.
At the same time as announcing their targeted funding round, Stashbeeannounces that it has over 820,000 sq ft of leasable space on its platform, holding the equivalent space of 28 traditional storage facilities. Stashbee is now the eighth largest storage provider in the UK, and is growing at the rate of two traditional self-storage facilities per month.
Focusing on the sharing economy model, Stashbee connects individuals and businesses who have spare space (garages & lock-ups, spare rooms, parking spaces, warehouses 
and self-storage facilities) with those who need it for storage, long-term parking and warehousing.
The reasons behind this exponential growth can be attributed to how the rise of the sharing economy, as seen in so many other industries such as transport and holiday bookings, has disrupted the conventional storage industry. This new model for distributing goods and services has resulted in an increase of people aware and willing to supplement their income through these types of schemes.
More specifically, the traditional storage industry has not kept up with demand and market potential; existing forms of storage can be costly, with little flexibility and clarity in pricing, and other informal options such as classified sites lack security.
Stashbee, however removes the barriers for not only individuals, but also the smaller independent storage companies; making it easier for them to advertise their space and manage bookings.
Proceeds from its second raise on the platform will be used to capitalise and build upon the growth Stashbee has seen in the UK in the last three years.
Seedrs has funded 810 deals to date and has had over £610 million invested on the platform. All investments made through Seedrs offer voting shares to investors and use professional grade subscription agreements. This ensures that investors get the same level of protection that angel investors and venture capitalists enjoy.
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
The insolvency technology startup secures funding to help support the UK's most vulnerable consumers to avoid bankruptcy
Darren Hockley, MD of Delta International on how millennials may be helping businesses face the current COVID-19 pandemic
The innovative startup that's enabling businesses to connect with their customers via personalised handwritten communication
Software has become a powerful tool for businesses to harness. here are 4 software essentials your startup could adopt right now.
The Dublin-based MedTech company that is enabling remote monitoring of those with mild to moderate COVID-19 symptoms who are in self-isolation
The new FinTech platform that provides “the easy way to sell your unused and unwanted foreign cash currency at the best rates”.
In order to combat some of the impact caused by the coronavirus, many tourism focused attractions are turning to tech solutions. Here's a few!
The Trinity College spinout that has created a cost-effective hand hygiene training system teaching the WHO technique…
The lowdown on Budget Music Videos, the Belfast-based startup that will help you make a music video in a matter of minutes
BMW’s Innovation Lab next two sprints focuses on improving internal customer-led efficiencies or tech solutions that provide valuable data insights and analytics
Published on: 17th June 2019
.png)
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- Cerebreon the Irish deep learning startup raises £1.5m in seed funding 31st Mar 2020 The insolvency technology startup secures funding to help support the UK's most vulnerable consumers to avoid bankruptcy
- Chivas Venture divides this year's $1m Venture Fund between 26 global Startups 23rd Mar 2020 In response to the COVID-19 pandemic, Chivas Divides its $1m No-Strings Venture Fund Between 26 Startups
- The open-source design of emergency ventilators for COVID-19 patients 20th Mar 2020 World Wide Community of over 500 designers engineers & medics finalising prototypes for safe scalable manufacture & rapid field deployment..
- Positive-ish reaction from small business and startup community to UK Chancellor’s Corona budget 11th Mar 2020 New UK Chancellor Rishi Sunak just delivered his first UK Budget. We took a look at first reactions from small business and startup leaders.
