LOVESPACE, founded in 2012 and based in London, operates an on-demand storage service that collects, stores and returns customers' boxes and larger items on a monthly basis. The company describes its offering as 'cloud storage for your physical things.' It plans to use newly raised funds to build out its service, technology infrastructure and team to drive growth. LOVESPACE recently hired a technology director and a marketing director to support expansion. The company won Crowdfunded Business of the Year at the Startups Awards 2014. After the latest raise, total invested in the business stands at £4m. Lovespace operates a storage-by-the-box service that collects users' boxes or larger items from their homes, stores them in a warehouse, and returns them on request. Users manage accounts online, add photographs and item details, and request individual returns. The company has served about 1,000 customers, storing approximately 6,500 boxes and larger items such as bags, bikes and skis. Lovespace is led by Brett Akker, co-founder of Streetcar. The company raised £1.6m in equity crowdfunding and intends to use the funds to increase marketing efforts and expand operations across the UK.

Total raised

$4M

Funding rounds

2

Latest round

Equity

Latest activity

Mar 2015