FinTech

Prevayl: Raises £7.5M in Funding

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
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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