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176%
Raised
£176,020
Investors
321
Target
£100,000
Equity
10.50%
Pre-money valuation
£1,500,000

Street Stream is a new tech startup that is disrupting the same-day and on-demand delivery industry. Since their last round in February 2016, they've built their API and facilitated 14,000 jobs so far, achieving what they planned to since their first round that funded in just 11 days.

  • Since Feb 2015 to Feb 2017, growth has averaged 28.2% per month
  • The company has now launched its fully integrated API
  • Over 14,000 jobs have been completed by couriers through the platform
  • James was previously a research director at a hedge fund

Idea

We believe Street Stream disrupts same-day delivery with our web & app-based couriers network.

We've seen our sales grow 28.2% per month (geometric average from the launch month to the end of February 2017). After we closed our first Crowdcube round (closing early & oversubscribed) we have progressed: launching an API, having exceeded 1000 jobs in September and October 2016, and crossing 14,000 jobs so far. We follow Airbnb’s model: decentralised asset ownership; good service via a ratings-driven marketplace; a scalable model with potential to be a major player in a fast-growing market. Customer feedback has been very positive so far.

How it works:

1) Via Website

Customers post courier jobs

Couriers quote via app

Courier selected by customer

2) Via Application Programme Interface (API) - launching now, with waitlist.

Seamless e-commerce integration - customers connected to our network at checkout

Retailers can offer timely & reliable delivery

Key drivers:

increasing e-commerce market, which is steadily growing at 14.4% per annum.

Positive growth in on-demand services

Competitive pressures ensure trend towards tighter & timelier delivery windows:

- 32% would shop more online if delivery more flexible (Mintel, ‘15)

- 55% prefer same-day (EMarketer, ‘15)

- Slow/inflexible deliveries can have a negative impact on sales (Hermes).

- 75% more likely to return if happy with delivery (EMarketer, ‘15)

- 20% might pay for precise/urgent delivery (Descartes)

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Risk warning

Investments of this nature carry risks to your capital, including illiquidity, lack of dividends and dilution. Balance risk with a diversified portfolio. Read more. Approved as a financial promotion by Crowdcube Capital Limited, which is authorised and regulated by the Financial Conduct Authority.

Investment opportunities are not offers to the public and investors must be eligible Crowdcube members. Further restrictions and Crowdcube's limitation of liability are set out in the Investor Terms and Conditions. Please seek independent advice as required as Crowdcube does not give investment or tax advice.

Street Stream has been given advance assurance by HMRC that the proposed share issue is likely to qualify for Enterprise Investment Scheme (EIS) tax relief.

Tax relief is available to individuals only, with income tax relief currently set at 30 per cent of the cost of the shares for the tax year in which the investment was made. The tax reliefs can also reduce your Capital Gains Tax bill. Read More.

Availability of tax relief depends on your individual and the company’s ongoing circumstances and applicable law.