StreetDots, a platform for street traders, has received a £500,000 Seed top-up from existing investor B.O.H Pte, a Singapore-based private fund.
The company enables street traders to book ‘dots’ through its app and helps them sort out the necessary compliance and licensing.
Atholl Milton, who co-founded the company with Darren Callcott, said: “We’re not only hoping to streamline the business of outdoor retail trading, we’re hoping to grow the market. UK street trading laws are guided by legislation that is over a century old and its processes seem to be stuck in about the same era.
“Our vision is a digitally managed UK-wide network of dots that enliven our streets and bring the country’s most innovative businesses direct to customers.”
StreetDots will use the cash to expand its network of ‘dots’ from 50 to 200 over the next year and will invest in its proprietary technology.
Abhimanyu Munjal, partner at B.O.H, also an investor in UK HealthTech firm Doctify, said: “There have always been markets and street stalls across the UK, yet this multibillion pound sector remains highly fragmented. StreetDots is a first mover in modernising this area using technology that works for land owners, customers and the traders themselves.”
B.O.H’s other investments include iTutor, a New York-based EdTech platform and League Apps, an American sports league management software firm.
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