only £3 / month
This surely is a great good news story. We have been critical of Lovespace based on the its complete lack of progress based on its Crowdcube pitch. We were wrong.
The company has spent over £8m to get here but compared to US competitors that is small change. That £8m has all gone and this profit has not come a moment too soon. It seems storage has been Covid free. The lean operator has changed the model since its last Crowdcube round in 2016 and has taken much longer to get into profit. But shareholders will be delighted. What we would call a high valuation in 2016 wont help but once in profit, you might expect this company to press on - giving shareholders hope that this one will give them a return. God knows Crowdcube could do with a Miracle.
Tuesday December 15, 2020
Hardman and Co’s Brian Moretta in conversation with ECF Buzz Founder Rob Murray Brown on start up investing, equity crowdfunding and what’s a good read.