Storage space marketplace makes beeline for expansion with £2.5m Seedrs funding

Stashbee has closed a £2.5m equity investment round from 886 investors on Seedrs.

The online sharing-economy platform, used for storage space, hit its initial target of £1.6m in under 24 hours, with the campaign overfunding over £900k in four weeks.

Stashbee’s second investment round on Seedrs will be used to build on the growth the company has seen in the last three years.

Stashbee saw its biggest month ever in June 2019 for on-boarding storage space, going beyond one million ft of bookable space on the platform. This made it the sixth biggest provider in the UK.

Stashbee’s co-founder, David Mantle, said: “June was such a remarkable month at Stashbee HQ we’ve taken to referring to it as the ‘4 Million Month’!

“We smashed record after record, and once again we were delighted to welcome so many customers and champions of our business as both customers and shareholders as we build the #1 global destination for storage.

“We have been humbled by the support and can’t wait to show everyone’s what’s next.”

June 2019 was also one of Stashbee’s biggest ever sales months, with annualised customer payments reaching £1m.

Stashbee is the UK’s largest marketplace helping individuals and businesses access storage space, whilst offering an alternative way to make cash from idle space.