Prevayl Raises £7.5M in Funding
- Prevayl, a Manchester, UK-based intelligent sportswear company, raised £7.5M in funding
- The round was led by Stonebridge, a digital-first consumer brand investment firm headed by DTC entrepreneur James Cox
- The company intends to use the funds to expand operations and its development efforts
- The company is a sports performance brand looking to empower consumers with their own biometric data, bringing together a discreet aesthetic with insight in the same user experience
- At launch the brand will consist of three distinct elements; the sportswear, the hardware and the app
- The company has a full time, in-house IP department of five, to protect a growing number of patents
