Tech startup Stashbee launches £500k crowdfunding campaign
Stashbee, the London-based marketplace for space and storage, has launched a £500k equity crowdfunding campaign on Seedrs.
Stashbee is the tech startup behind the community marketplace that enables both individuals and companies to access secure storage space or an easy way to make cash from their idle space.
Stashbee also enables businesses with spare space to rent it out via its platform, with a network of warehouses and commercial spaces listed on the platform. Stashbee has helped hundreds of customers find local and affordable spare space and boasts a 35% month-on-month growth rate amongst its Host Network.
Among the areas that Stashbee is expanding in is its peer-to-peer capabilities is on the commercial side. Primarily aimed at small businesses, Stashbee has been helping warehouse-based companies free up and utilise their spare space, renting it out to peers who need to store stock for their own business purposes.
For example, Stashbee helped superfood chocolate manufacturer Doisy & Dam to rent their space out to Oddbox, a food startup delivering fruit and veg boxes, and Vintique, a retro/vintage furniture company based in Bermondsey.
Ed Smith, co-founder of Doisy & Dam, commented: “When Doisy & Dam was starting up, we had spare capacity in our warehouse in Brockley. Our ambition was to grow the business and expand into the spare space, but at the time the space was just idle and costing the business money.
“Stashbee helped us fill the space with two fellow startups who needed to store stock for their business. We were able to fill the space quickly and developed strong relationships with both companies. Stashbee did a great job at helping us make money out of our spare space.”
David Mantle, co-founder at Stashbee, added: “Space has never been at such a premium, and we live in an era where people have more belongings than ever before. In order to address this need, Stashbee has reinvented the storage industry for the sharing economy generation.
“We are excited to welcome both existing and prospective storage hunters on our journey as we take Stashbee into its next phase of development.”
Access free online guidance for North East businesses in the Growth Hub North East's COVID-19 toolkit →