Series B10 December 2020

Streetbees secures £5m from TempoCap in secondary investment

TempoCap has provided secondary investment to Streetbees to enable liquidity for early stakeholders and employees.

£5.0MSeries B

Share allotment filed at Companies House

Streetbees operates a global consumer research platform that uses mobile technology and artificial intelligence to gather real time insights from everyday people for major brands.

Streetbees has secured £5m in a secondary investment round from TempoCap to provide liquidity for early stakeholders and employees. The transaction follows the company recent Series B fundraise and supports ongoing recruitment and international expansion efforts. TempoCap participated as the sole investor in this secondary round, underlining the value of equity options in private technology scale-ups.

From the founder

"As we start an exciting new phase of growth, we felt now was the right time to reward some of our early stakeholders that have contributed to our success so far. TempoCap are secondary specialists who have demonstrated their passion for supporting high growth, entrepreneurial businesses, and we look forward to a great partnership."

Tugce Bulut

CEO and co-founder at Streetbees

Investor perspective

"We are thrilled to partner with StreetBees as it looks to capture the huge opportunity ahead of it. Streetbees is leading innovation in the market for customer research, thanks to its unrivalled, searchable database of consumer moments, provided by a large global user base. Its end-to-end technology platform indexes that data so that Streetbees’ consumer-centric clients can enjoy a far deeper understanding of consumer behaviour, allowing those clients to be more agile in responding to rapidly changing customer preferences. We believe Streetbees is well positioned to capitalise on its recent compelling market momentum and look forward to working with Tugce and the team to further develop the business."