People’s Champion finalist 2016: LOVESPACE
Learn about the company aiming to disrupt the £1bn self-storage industry – and cast your vote for the People’s Champion hopeful
Start-up name: LOVESPACE
Founder: Brett Akker, Steve Folwell
Started in: August 2012
Based in: London
Business description: By-the-box storage collected from your door
The LOVESPACE story:
A serial entrepreneur, having previously founded Streetcar (now Zipcar), Brett Akker set up LOVESPACE with former Guardian director Steve Folwell in August 2012.
Aiming to make storage accessible for everyone, the start-up applies the concept of cloud storage to the physical world and offers door-to-door collection anywhere in the UK.
Unlike traditional storage services, where users have to pay for a fixed-size unit – regardless of how much space they actually use, LOVESPACE ensures customers only pay for what they need as users buy physical storage by-the-box.
Prices start from as little as £1.95 per box per month with free collection and a small charge for return delivery to cover logistics costs.
A real crowdfunding success story, in May this year LOVESPACE launched a £500,000 crowdfunding campaign and ended up overfunding by nearly 40%, bringing in £690,000 from over 250 investors.
It has doubled its revenues year on year and is on target to reach another seven-figure sum by the end of 2016.
Why LOVESPACE made our shortlist:
Having handled over 100,000 boxes to date, with a Trustpilot rating consistently hitting or just under 5 stars, it’s fair to say LOVESPACE provides a reliable user friendly service. Does it get your vote?