Member Article

Innovative London storage startup secures £1.1m to drive ongoing expansion

London-based storage-by-the-box company, LOVESPACE has raised £1.1m and has also made two strategic appointments.

LOVESPACE raised £1.1 million from a combination of angel, venture capital and strategic investors at the start of 2015.

This combined with the £1.55m raised on crowd-funding platform, Crowdcube in May 2014, as well as earlier funding from the founding investors, means that LOVESPACE has raised a total of £4 million in funds to date.

Raising the funds also came hot on the heels of fundamental team hires. Dave Walker, previously chief technology officer at Kabbee, joined the rapidly growing LOVESPACE team in February 2015 as technology director.

Heather Garrick will join the company at the end of March as marketing director. Heather is from Explore Learning and has a track record for being able to significantly grow a customer base.

Steve Folwell, managing director at LOVESPACE, says: “As our customers get ready for the big spring clean, we’ve already got our house in order in preparation for another year of strong growth in 2015.

“The recent £1.1m fund-raise will help us build a brilliant team and technology infrastructure for the business and make sure we can get the message out to movers, declutterers, travellers and students right across the UK”.

This was posted in Bdaily's Members' News section by Ellen Forster .