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Prevayl: Raises £7.5M in Funding | Fintech InShorts: Latest fintech news, analysis by experts

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Prevayl: Raises £7.5M in Funding

By Steve Sam

June 7, 2021

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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