Menu visibility control

Video

Events

Startup Surgery

Most Recent

Investments

Smart home security startup Cocoon raises £2.46m on Crowdcube

Guide

IP Law: The Startup & Scaleup Guide

Investments

ContentCal closes £400,000 Seed, brings total to £580,000

Press Releases

Starling Bank unveils beta as it begins roll out to first customers
VentureFounders surpasses £40m funding mark in 2 years of operation
Software testing leader TestPlant appoints Dr. John Bates as CEO

Street trading startup StreetDots raises £350,000 Seed

StreetDots founders
twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

StreetDots, a platform for street traders, has raised a £350,000 Seed round from private Singapore fund B.O.H LLC.

Founded in 2014, StreetDots partners with private and public landowners to open trading spaces or ‘dots’, which can then be booked by street traders via the StreetDots Trade Smart app. Each dot hosts a different trader each day, providing local communities and workplaces with a variety of stalls.

While the app is free for traders, StreetDot’s income derives from a rent split with the landlord of each dot. The platform also handles admin for both parties, including rent, documentation and licensing.

Healthtech startup Active Needle raises £350,000 on SyndicateRoom

Atholl Milton, co-founder of StreetDots, commented: “Street trading is one of the oldest ways of doing business, yet the last to be modernised. It’s hard to believe that in 2017 it is still very much a paper-based sector.”

StreetDots plans to use the funds to expand its network of dots from 30 to 70 locations in early 2017. This will include sites outside of London, and the startup is also looking to introduce a range of retail and restaurant brands to its network.

Additionally, the firm says it will add more features to its technology platform, and hopes to raise a £4.5m Series A this year.

“We are looking forward to opening our network to other types of traders and redefining the retail landscape of our cities and beyond,” Milton added.

Having previously invested in UK HealthTech startup Doctify, Laksh Vaaman, head of B.O.H, commented: “Like our other investments, StreetDots is a true disruptor. It’s exciting to see how quickly it has gained buy-in from big name land partners, traders and consumers in such a short time. We look forward to helping them grow.”

Enter your email address to receive updates straight to your inbox

* indicates required
Send me news on...
twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

Editor's picks

Founding Team Cocoon

Smart home security startup Cocoon raises £2.46m on Crowdcube
posted 2 hours ago

IP Law guide featured image (2)

IP Law: The Startup & Scaleup Guide
posted 5 hours ago

social media

ContentCal closes £400,000 Seed, brings total to £580,000
posted 6 hours ago

BGV A16 cohort photo

Tech for good accelerator Bethnal Green Ventures raises £1.3m to invest in startups
posted 6 hours ago

Tech Nation Newcastle

Tech in Newcastle: Tackling the skills and office shortage
posted 8 hours ago

Devika Wood headshot

EXCLUSIVE: London startup Vida gets over £1m in Seed funding to boost UK expansion
posted 10 hours ago