Overfunding: Stashbee Surpasses £500,000 Funding Target Three Days After Seedrs Debut

Stashbee, a platform that connects individuals and businesses who have spare space with those who need it, successfully secured its initial £500,000 just three days after launching its equity crowdfunding campaign on Seedrs.

Founded in 2015, Stashbee reported that its platform automates the end-to-end booking process, process payments, and offers what it states is an easy-to-use dashboard for guests and hosts to interact and managing bookings. The company also revealed that it provides insurance powered by Guardhog and underwritten by Hiscox and is designed for peer-to-peer storage and to cover people’s stored items.

“People everywhere are increasingly looking beyond their homes for storage space. Self-storage options can be pricey and inconveniently located, and we consider that there aren’t many alternatives out there. Having felt this pain ourselves, we set out to see if others had the same problem. We spoke to everyone from house-movers to ex-pats, and from growing businesses to car collectors. We found one thing to be true: finding spare space is hard.”

The company also reported that more than 36,000 storage days have been hosted to date. Funds from the Seedrs funding round will be used to fuel expansion through marketing, hires, and product development. The company also noted that it will continue to enhance its product and operation tools in order to minimize manual intervention, along with simplifying and improve user experience. Stashbee’s campaign is currently scheduled to close later this spring. 

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