Stashbee, UK-based marketplace for space and storage, is set to close its equity crowdfunding campaign on Seedrs with nearly £2.3 million in funding. The round made its debut last month and quickly surpassed its initial £1.6 million funding target. It has also attracted nearly 800 investors.
As previously reported, Stashbee describes itself as a tech startup behind the community marketplace that enables both individuals and companies to access secure, hassle-free storage space or an easy way to make cash from their idle space. In three years, Stashbee has had more than 10,000 hosts and guests register to use the platform, with its Host Network growing by a 1,130% in the last twelve months and a 680% growth in monthly recurring payments for the business.
“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.”
In a recent update, David Mantle, Co-Founder of Stashbee, stated:
“Thank you for all of your amazing support so far. We are delighted to have reached £1.85m in just a few days since opening the campaign. Given the support so far, we will continue to accept investment and over fund up to £2m – 2.5m. All additional investment provides the company with even more runway to build Stashbee into the number one destination for storage. We’re looking forward to even more of you joining us on the next exciting chapter of our journey! Thank you for your continued support.”
Funds from the latest Seedrs round will be used to continue growth and development of the Stashbee platform, as well as expand the platform’s team and product development.
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