StreetDots, the online street food platform, has secured £350,000 seed capital investment from private Singapore fund B.O.H LLC.
StreetDots works with landlords to open street trading pitches that can be booked by street food traders and other retailers through an app.
According to CityAM, StreetDots will use the funding to expand its network of pitches from 30 to 70 by Spring and to introduce retail and restaurant brands to its network. It will also add more features to its technology platform as it gears up for a £4.5m Series A fundraising early this year.
StreetDots co-founder Atholl Milton said: “Street trading is one of the oldest ways of doing business, yet the last to be modernised. It’s hard to believe that in 2017 it is still very much a paper-based sector.
“StreetDots is changing this and has already transformed dormant space across the UK into vibrant street food hubs. We are looking forward to opening our network to other types of traders and redefining the retail landscape of our cities and beyond.”
B.O.H is headed by entrepreneur Laksh Vaaman, vice chairman of the Indian Motherson conglomerate.
Vaaman said: “Like our other investments, StreetDots is a true disruptor. It’s exciting to see how quickly it has gained buy-in from big name land partners, traders and consumers in such a short time. We look forward to helping them grow.”
