The seed round was backed by Seaya Ventures, Speedinvest and SIX FinTech Ventures to support international expansion and team growth.
"After exiting the last business we kept getting pulled towards FinTech. With our backgrounds in SaaS and operating in the FinTech space, many opportunities came to us from banks, startups and big brands. We kept seeing the same problem, and no solution in the market. Regulation has changed and Banking-as-a-Service provided the plumbing for new solutions, but everyone was still building solutions from scratch. It felt like the same situation that has occurred again and again in the software industry before a new sector emerged, and we had an opportunity to be a first-mover to deliver a meaningful solution, with FinTech SaaS."
The seed round was led by Playdemic founders Paul Gouge and Alex Rigby alongside ACF Investors.
"Since Cavalry’s release in August 2020 we’ve been blown away with the variety and quality of work being produced by our global community. This capital will help us further accelerate Cavalry’s development and to explore new ways for us to enable animators, designers and marketers to meet the demands of an ever-expanding media landscape."
The early seed round was led by Fair By Design with participation from GC Angels and Ascension Ventures.
"On top of the obvious grief and shock, I discovered that the end-of-life industry was expensive and difficult to navigate, especially in an intensely emotional time. The industry had been largely untouched by technological innovation and needed to rapidly modernise."
The male grooming brand raised the capital to expand its team and launch new product ranges.
"It is an exciting time for MESOA for Men. We are proud to have been so well received by the investment community, and it comes at a perfect time with the business gearing up to launch our new product ranges this summer. We are excited to be creating new jobs and growing our team to support our growth plans."
