The Surrey-based accessories brand completed its debut equity crowdfunding campaign to support upcoming expansion plans.
"Our success to date is a testament to our loyal customer base and dedicated brand advocates. Their unwavering support and passion for our products have been invaluable. We are excited to offer our customers and supporters the opportunity to join our community of investors and own a part of the business, giving back to the incredible community that has helped us thrive."
The ed-tech platform secured the capital from angel investors to scale its AI capabilities and grow its team.
"Money is the number one cause of mental health issues in the UK. There’s a chronic lack of financial skills, and it is having a significant impact, not just on individuals but also on businesses’ bottom lines"
The funding round was facilitated by Mercia Ventures and marks the first deal from the Midlands Engine Investment Fund II.
"Unlike vehicle assembly, where processes are repeatable, with aircraft the need for lightweight components and high precision means that no two operations are the same. For this reason automation has so far proved too difficult or too costly. Our robot guidance systems overcome these challenges. The investment from the Midlands Engine Investment Fund II will enable us to consolidate our position and start work on the next generation of products to ensure we maintain our position as thought leaders in the industry."
The funding round was led by Edge with backing from angel investors Simon Ward and Justin Cooke.
"Edit Cloud exemplifies the kind of pioneering spirit we champion at Edge. We believe in backing visionary businesses that push boundaries and create lasting impact. With Edit Cloud, we see a platform that not only leverages cutting-edge technology but also democratises access to post-production tools, which aligns perfectly with our own values. We are excited to partner with Edit Cloud as they transform traditional workflows and empower a new generation of content creators."
Logo Ventures joined returning investors Finberg and Re-Pie Asset Management to back the digital business account provider.
"We first met Yanki in 2021 and have been closely following wamo’s progress over the years and are excited to support the team on their next chapter. wamo has a deep understanding of the needs of SMEs and is laser focused on driving real value by offering better and faster service for its customers."
