New York, NY. November 8, 2023 / Mediamark Digital /
In its latest funding round, technology startup Stackt has managed to raise a seven-figure sum from a consortium of investors. Its groundbreaking moving and storage systems have enabled the company to offer more accessible and cost-effective services.
Despite its relatively recent entry into the market in May 2021, the company has achieved remarkable success, experiencing a staggering 456% year-on-year growth and fulfilling 4,000 orders with a team spread across three continents. Stackt is dedicated to delivering hassle-free and affordable solutions, catering to a diverse customer base beyond just the young demographic.
Despite the challenges posed by the pandemic, the founders of this British startup have successfully built a thriving business. Rashid Aliyev, Co-Founder of Stackt, reflects on their journey: “During the lockdown, we witnessed the predicament of international students stranded away from their belongings in the UK. Responding to this need, we took it upon ourselves to assist them, gaining invaluable insights along the way from our interactions with customers and industry professionals.”
In its pursuit of expansion and innovation, Stackt is currently finalizing a fresh investment round with the support of key investors and partners such as ZAKA VC, Metropolis Ventures, Startup GYM, Syndicate Room, and several other UK and international venture capitalists. With a focus on penetrating foreign markets, the company has also introduced groundbreaking technologies catering to the B2B sectors.
Commenting on the company’s unique proposition, Andrej Petrus, Head of the Investment Committee at ZAKA VC, highlights: “Stackt’s team has successfully digitized the moving and storage process, offering customers the convenience of accessing their stored items at their fingertips. It’s like having a personal cloud for physical belongings, revolutionizing the traditional storage experience.”
With its roots firmly established in the UK, Stackt is now setting its sights on expansion into European markets and the US, with a particular emphasis on the burgeoning storage solutions market in New York. The company aims to cater to the growing needs of Generation Z and millennials, who constitute a significant portion of the population frequently on the move and living in rented spaces.
Driven by the vision of making storage solutions digitally accessible globally, Stackt aims to offer seamless storage facilities for households in major cities worldwide, alongside serving as a crucial partner for businesses looking to streamline their logistics. The company remains committed to its mission of revolutionizing the moving and storage industry through the power of modern technology.