Category: Finance News

Self Storage Software Provider, Stora, Raises £0.5 Million

Industry veteran, David Milton, invests alongside venture capital firm, Techstart Ventures. Stora, a new web-first self storage software product, has raised £0.5m in a round led by Techstart Ventures to fund continued growth in the UK and US. Stora makes it easy for any self storage operator to embrace the web and run their business online. It gives them a website, designed to be their number one sales channel, that includes online bookings and payments. It automates key processes including recurring billing and customer check-in. In addition, each operator gets…

Padlock Partners UK Fund II Files Preliminary Prospectus for Initial Public Offering

Padlock Partners UK Fund II announced today that it has filed with the securities commissions or similar authorities in each of the provinces and territories of Canada, and obtained a receipt for a preliminary prospectus for an initial public offering of trust units. The preliminary prospectus qualifies the distribution of a minimum of C$20 million and a maximum of C$40 million of Class A Units, Class F Units, Class C Units and/or Class U Units of the Trust at a price of C$10.00 per Class A Unit, Class F Unit…

UK Self Storage Operator Lok’nStore Releases Pre-Close Financial Results for First Half of Fiscal 2021

Lok’nStore, the fast-growing AIM listed self storage company, is pleased to provide the following update on trading in the half year to 31 January 2021. Under government COVID-19 rules, self storage businesses have been designated as essential services and are permitted to operate during the lockdowns. We provide storage solutions for many customers in essential services including health care, emergency services and food distribution. Self storage is an increasingly integral part of the logistics system within the UK with around 32% of our business coming from commercial customers, many of…