Stashbee secures £2.5m for equity investment round

Stashbee is an online sharing-economy platform for storage space. The London-based startup recently announced that it closed a £2.5m equity investment round on Seedrs, receiving investment form 886 investors. 

This latest round is the company’s second investment round on Seedrs. The first round raised over £900,000 in investment on the platform. 

The fresh funds from this round will be by Stashbee to capitalise and build upon the impressive growth it has seen over the last three years. 

Stashbee helps individuals and businesses access secure, hassle-free storage space. The startup also offers an easy way to make cash from unused space. Stashbee lets businesses with spare space use their platform to rent it out. This model means the platform has a growing network of warehouses and commercial spaces listed and available to rent.

Over the last 3 years, Stashbee has seen over 18,500 hosts and guests register to use the storage platform. The company’s host network growing at over 70,000 square feet per month; that’s over 2 self-storage facilities worth of space.

Last month Stashbee saw its biggest ever month for on-boarding storage space. With over 1 million square feet of bookable space on the platform, Stashbee is now UK’s 6th largest storage provider.

In June the company more than doubled new sales in comparison with May, making it one of the company’s biggest ever months for sales. This impressive month has meant Stashbee now has annualised customer payments surpassing £1m.

Stashbee Co-Founder David Mantle said: “June was a remarkable month at Stashbee HQ, we’ve taken to referring to it as the “4 Million Month”.

“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.”