VOY Advises Cavalry Ventures on Investment in Pockid
A team led by Kristian lutz advised Cavalry Ventures on its Seed round investment in fintech Pockid.
The EUR 4M funding round was lead by Cavalry Ventures with Vorwerk Ventures also participating in the round.
About Cavalry Ventures
Founded in 2016 by a group of seasoned entrepreneurs, Cavalry Ventures is an early-stage venture capital firm in Berlin, Germany, that backs bold entrepreneurs in building a better future through technology. Cavalry is a first check investor and initially invests in European pre-seed or seed-stage technology companies, across the enterprise as well as consumer spaces.
Cavalry is defined by its entrepreneurial DNA. The team is driven by appreciation towards entrepreneurs and their will to turn extraordinary ideas into action. Through a dedicated Platform Team, Cavalry aims to connect its entrepreneurs to investors, engineers, academics, executives, industry experts, and others to create the optimal ecosystem for Cavalry portfolio companies to thrive.
Cavalry has backed more than 50 companies, including Forto (backed by Softbank), Bryter (backed by Tiger Global, Accel), Rekki (backed by Benchmark, Atomico), PlanRadar (backed by Insight), and Clarisights (backed by Sequoia).
The Hamburg-based fintech was founded in 2020 by Jes Hennig, Max Schwarz, Timo Steffens, Deepankar Jha. As the first dedicated banking app for young people, Pockid offers a bank account with virtual and physical debit Mastercard. The iOS and Android app enables age-appropriate banking in a secure environment, making it the first “Gen Z Neobank” that allows young people to independently pursue their hobbies and meets their needs.
Pockid has replaced complex account opening processes for under-18s with a completely digital onboarding process. The account can be opened in just a few minutes and provides direct access to the virtual Mastercard.
VOY is a law firm and tax consultancy for founders and investors creating a digital client experience that focuses on additional value with direct and uncomplicated legal advice of the highest quality.