Excited to share more details about his company, LOVESPACE, Brett Akker sat down with equity crowdfunding platform Crowdcube to discuss the business’ growth and success.
During his interview, Akker discussed LOVESPACE’s progress since it received the Startups Award in 2014:
“A lot has happened in the last year! We’ve grown to 25 full-time employees (including some top senior level hires) and two big milestones were achieved early in the second quarter; we reached 10,000 customers and 50,000 boxes handled.
“In May, we moved into our new 25,000 square foot warehouse which was good time, as one month later we had our busiest day ever, with customer collections in 52 towns across the country!
“We also secured another investment round of £1.1m, a large amount of which was from our strategic partner Workspace. In addition, we launched LOVESPACE’s enterprise product to allow our business customers to store archive boxes for significantly less than £1 per box per month.”
Revealing the company’s biggest highlight, Brett explained:
“It’s got to be the day we got the keys to our new warehouse, or ‘fortress’ as we lovingly like to call it. It’s big and surprisingly shiny. But most importantly it enables us to store the thousands of boxes that are coming our way!”
Noting what it really meant to earn the Startups Award, Akker stated:
“We were absolutely delighted to win the Crowdfunded Business of the Year award. It’s always fantastic to be recognised for your hard work – and we’ve worked very hard, so it meant a lot. Competition was tough – we were even up against crowdfunding platform Seedrs, who had raised money from their own platform!”
In regards to any advice for other startups, Brett added:
“Although it does take a long time to fill out the application forms, it’s actually a very useful process as it forces you to document your achievements and targets. And, if you are fortunate enough to be a finalist, or even a winner, it adds a huge amount of credibility to your brand and is great for building team morale.”
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