Stowga, a London, UK-based on-demand warehousing marketplace, raised £1.5M in seed funding.
Backers included Speedinvest, Anthemis and Force Over Mass as well as early investors Hambro Perks and Seedcamp. CBRE, the global real estate advisor, has entered into a strategic relationship with the company and will be Stowga’s strategic real estate advisory partner.
The company, which has raised £1.8M to date, intends to use the funds to enhance development of the platform and prepare for an international roll out in 2018.
Led by Charlie Pool, co-founder and CEO, Stowga operates an on-demand marketplace for buying and selling warehousing and logistics services. In 12 months, Stowga has built a network of over 4,000 warehouses in the UK and connected them to customers ranging from startups to publically traded international corporates.
As well as storage, the platform also connects other logistics services such as transport and fulfillment as well as on-demand insurance and factoring.