StreetHub raises $1.2m seed round

Coinvestment was provided by Playfair Capital, Avonmore Developments and several angel investors.

The fresh funding will boost the firm's hiring efforts and grow the StreetHub network, which currently includes 150 shops.

Company
Established in 2013 by Maxim Berglund and Mandeep Singh, former employees of BC Partners, StreetHub is an online platform that allows users to buy products from independent retailers in their local area. All purchases can then be collected in-store. The firm launched in central London and will expand into other areas in 2014.

StreetHub also offers a quick service for Christmas, which lets users book same-day delivery on last minute gifts.

People
Robin Klein worked on the deal for Index Ventures. Frederic Lardieg represented Octopus Ventures.

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• Topics
• UK / Ireland
• Consumer
• Early-stage
• United Kingdom
• Index Ventures