UCL startup Stackt raises over £1 million to grow its business

Rashid Aliyev Innovative moving and storage solutions startup, Stackt, co-founded by a UCL alumnus, has raised more than £1m for the advancement of its digital business. Rashid Aliyev and his co-founder Danil Gontovnik set up Stackt in 2021 during lockdown and were part of the Hatchery incubator programme at BaseKX, UCL's dedicated entrepreneurship hub in King's Cross. Stackt is an online platform that digitises the entire moving and storage process by allowing customers to find vetted movers, and send and retrieve items easily to and from their storage facility. Since launching the business, which aims to make the moving process stress-free and low-cost, Stackt has received nearly 6,000 orders. In a recent round of investment, Stackt secured funding from a range of new and existing investors including ZAKA VC, Metropolis Ventures, StartupGym, Syndicate Room and Blue Lake VC. While the business has firmly found its feet within the UK market, it will now be using the £1 million investment to expand into Europe and the US. Rashid, who graduated from the UCL School of Management with a degree in Information Management for Business in 2019, said: "This funding will enable us to grow our team, invest in our technology, and make sure we're building a really cool and interesting product that will help hundreds of thousands more people move and store their items more easily.