Business equity offering – Network of short and long term physical self-storage facilities in the Baltics – STO security token issuance
Use of funds
The present fundraise is intended to complete the project’s phase 1, consisting of completing three additional storage locations in Riga, Latvia, which will include 300-350 individual storage facilities.
The company’s mission is to provide easily accessible, modern individual storage facilities across Latvia in the first phase and bordering countries – Estonia and Lithuania – in the second phase. It is expected that the second phase fundraise will follow within 12-24 months.
The first part of project development involves marketing activities and publicity efforts regarding the company business. With all the planning and research already done, it is necessary to share the project publicly. This will be done during and is part of the present fundraising campaign.
After progressing with publicity efforts, the manufacturing of actual storage units will be ordered. The first order will involve facilitating production of approximately 50% of intended storage units.
Delivery & construction management
After successful production of storage units, delivery, construction of the site and related facilities will be carried out. Additional managerial tasks regarding security, logistics and general installation are planned, along continuous marketing efforts. As soon as the first batch is successfully installed, the remainder 50% of intended storage units will be completed.
Ensuring business continuity
After development of all intended storage units, continuous facility management tasks and marketing will be done on a daily basis. Planning of expansion into Estonia and Lithuania, which will require an additional fundraise of capital for expansion.