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Stashbee

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Stashbee is reinventing the way we store things for the sharing economy generation.

156%
 - 
Funded 17 Jun 2019
£1,600,019 target
£2,515,208 from 880 investors
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Business overview

Location London, United Kingdom
Social media
Website stashbee.com
Sectors Property Digital Mixed B2B/B2C
Company number 09950111
Incorporation date 13 Jan 2016
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Investment summary

Type Equity
Valuation (pre-money) £9M
Equity offered 21.78%
Tax relief

EIS

  • Idea
  • Team
  • Updates
  • Investors 880
  • Discussion
  • Documents

Idea

Introduction

In 2018, we crowdfunded on Seedrs, beating our target in a matter of days. Since then, we’ve put those funds to work and have been busy growing Stashbee and developing our world-class website. We have now onboarded over 820,000 square feet of leasable space onto Stashbee. In terms of square footage, that makes us the 8th largest storage provider in the UK.

In many areas, space has never been at such a premium, and we live in an era where people have more belongings than ever before. Stashbee is on a mission to make finding and booking storage space easy, convenient and affordable for everyone, everywhere.

That’s why we’re building the UK’s leading platform for storage space.

Our easy-to-use platform connects individuals and businesses who have spare space (garages & lock-ups, spare rooms, parking spaces, warehouses and self-storage facilities) with those who need it for storage, long-term parking and warehousing. It’s one place for all your storage needs!

Intended impact

Our vision is to become the number 1 global destination for storage. We’re building the one-stop-shop for people to easily find and book any kind of storage space; whatever their need, and wherever they are.

People and businesses are increasingly looking beyond their homes and offices for storage space. But finding it is not easy. There are a limited range of local options available, prices are often opaque and it can be tricky to compare alternatives.

Meanwhile, we estimate that there are 1.5 billion square feet of under-utilised space in warehouses, spare rooms & garages right across the UK which is sitting idle and untapped; with no simple and secure solution to monetise it.

Stashbee harnesses the power of the sharing economy to provide a hassle-free way for individuals and businesses to earn money from their idle space, whilst offering existing storage businesses a simple way to advertise and manage their available space.

Substantial accomplishments to date

✅ Stashbee now has 820,000+ square feet of leasable spare space on its platform (that’s equivalent to 28 traditional self storage facilities)

✅ In the 12 months to March ‘19, our Host network has grown by over 1130%. We're currently growing at a rate equivalent to 2 self-storage facilities p/month, and on our current trajectory, we’re aiming to be the number one provider in the country by the end of next year

✅ Our monthly recurring payments increased by over 680% in the last 12 months

✅ We’ve hosted over 130,000 storage days to date (that’s 350 years of Stashbee!)

✅ Over 10,000 users registered

✅ We’re rated 5 stars on Trustpilot by our delighted Guests and Hosts

✅ We’ve built a brilliant automated online marketplace platform. Functionality includes listing creation, browse and book, messaging between users, automatic payment & invoicing, flexible cancellation and date changing, auto ID checks, move-in & move-out support and much more

✅ Recently, we launched ‘Stashbee Unit Sizing’, a suite of features that makes it incredibly easy for large commercial and self-storage Hosts with multiple units and locations to list and generate income

✅ We’ve been featured by the BBC, The Times, The Telegraph, Mail Online, Evening Standard, Metro, Esquire, and many more

Monetisation strategy

We collect monthly payments from Guests who rent a space through Stashbee, and then pay out earnings to our Hosts.

Our simple revenue model involves charging a Service Fee of 20% on each monthly transaction.

We also provide additional services such as transport, with others such as packaging and top-up insurance in the pipeline.

Use of proceeds

Fuel Further Growth.
In 12 months we grew the business by almost 7x (and over 11x in terms of square footage on the platform). Marketing spend over the next period will focus on achieving London-wide coverage, and following on from our successful city trials, launching in other major cities across the UK and developing a nationwide presence.

Team.
We will expand the team at StashbeeHQ in Shoreditch, London to allow us to keep pace with the growth of the business whilst continuing to deliver fantastic service to our Guests and Hosts. We will be hiring into key roles across Customer Service, Marketing, Technology and Finance.

Product Development.
Our product now helps Guest and Hosts across the nation to connect and store with each other. Our relentless focus on customer experience and technology and process improvement has enabled us to build what is - as far as we know - the very best technology product in sharing economy storage. We will continue to invest in this area to stay ahead.

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If you successfully purchase a share lot of this business, you will be granted access.

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Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

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Investing involves risks, including loss of capital, illiquidity, lack of dividends and dilution, and should be done only as part of a diversified portfolio. Please read the Risk Warnings before investing. Investments should only be made by investors who understand these risks. Tax treatment depends on individual circumstances and is subject to change in future.

This webpage has been approved as a financial promotion by Seedrs Limited ("Seedrs"), which is authorised and regulated by the Financial Conduct Authority. It is not intended to be a promotion of any individual investment opportunity and is not an offer to the public. The summary information provided about investment opportunities on this webpage is intended solely to demonstrate the types of investments available on the Seedrs platform, and any investment decision should be made on the basis of the full campaign. Full campaigns are available to investors who have become authorised to invest on the Seedrs platform. All investment activities take place within the United Kingdom, and any person resident outside the United Kingdom should ensure that they are not subject to any local regulations before investing.

Seedrs does not make investment recommendations to you. No communications from Seedrs, through this website or any other medium, should be construed as an investment recommendation. Further, nothing on this website shall be considered an offer to sell, or a solicitation of an offer to buy, any security to any person in any jurisdiction to whom or in which such offer, solicitation or sale is unlawful. Seedrs does not provide legal, financial or tax advice of any kind. If you have any questions with respect to legal, financial or tax matters relevant to your interactions with Seedrs, you should consult a professional adviser.

Tax Relief (SEIS)

This business is eligible for SEIS relief - providing qualifying investors with income tax relief of 50% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.

Tax Relief (EIS)

This business is eligible for EIS relief - providing qualifying investors with income tax relief of 30% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.

Valuation (pre-money)

Valuation rounded from £9,001,007

This is the fully-diluted pre-money valuation of the business (i.e. before the new investment comes in and including issued options and other equity interests). In contrast, the post-money valuation is based on inclusion of the new investment in the value.

It is calculated as the pre-money valuation plus the amount of new investment. e.g. If Company A is ascribed a pre-money valuation of £1,200,000 by prospective investors investing £300,000, its post-money valuation is £1,500,000.

Pitch type

There are 5 types of investment pitch available on Seedrs.

  • Equity
  • Convertible
  • Fund
  • Cohort
  • Secondary

Investing in a regular equity campaign is the simplest and most common way to invest in a startup. You decide which business you want to invest in, and if the campaign hits its funding target then you will become one of their shareholders. As the company becomes more valuable, so do your shares; allowing you the opportunity to share in the future success of the business.

Learn more about pitch type on Seedrs

Equity Offered

The equity offered is the percentage of the company’s shares being issued in return for the amount of investment raised.

When the amount raised is less than 100%, the equity offered is based on the target raise. Once the company has raised over 100% it is based on the total raised.

In some scenarios, entrepreneurs may accept additional direct investment after closing their Seedrs campaign. Provided this is within 6 months of the closing and on the same terms, we do not typically offer pre-emption rights on that extra investment (where you have the opportunity to invest again to maintain your percentage shareholding).

Learn more about investing and pre-emption rights.

Warning

You are following a link outside of www.seedrs.com.

None of the information in constitutes part of the campaign and it has not been approved or reviewed by Seedrs.

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