VOY Advises Kadmos on Series A Financing Round

Kadmos raised EUR 29M in Series A funding round led by Blossom Capital. The investment round, which follows an EUR 8.3M Seed round in December, also included existing investors Addition and Atlantic Labs.

The funding follows significant levels of demand for the product. Kadmos is already working with several high-profile shipping companies and has built a robust waitlist ahead of full-scale customer onboarding this summer. This new financing will be used for technology and product development. Kadmos is uniquely positioned to capitalize on the growing global cross-border B2C payment volume projected to reach USD 1.6 trillion by 2022, involving 169 million migrant workers across the world, according to the UN. ‍

About Kadmos

Kadmos is a Berlin-based Fintech on a mission to make the salary journey of millions of migrant workers more transparent, convenient, and less expensive. The startup was founded in 2021 by MIT-graduates Justus Schmueser and Sasha Makarovych with the aim to bring fintech into industries riddled with opaque mark-ups, kickbacks, and physical cash. Kadmos provides companies with a simple, low-cost, and secure method for international salary transfers, while every migrant worker receives a digital wallet as well as a connected debit card to remit or directly spend money. Kadmos has already secured several pilot customers from various industries, including shipping and construction, and is going live in Q1, 2022.

About Blossom Capital

Blossom Capital is Europe’s largest dedicated Series A fund renowned for its high-conviction strategy and relentless belief and commitment to the region’s most visionary founders. It leverages local roots with global connections to deliver an undeniable advantage for founders across consumer internet, crypto, cybersecurity, developer tools and open source software, enterprise SaaS, and marketplaces. Its investments include Checkout.com, Moonpay, Pigment, and Tines.

About Addition

Addition invests in early and growth stage technology companies. The firm was founded with a mission to support visionary entrepreneurs on their journey to build impactful and enduring businesses.

About Atlantic Labs

Atlantic Labs is a leading European pre-seed fund, headquartered in Berlin. Founded by Christophe F. Maire, founder of HERE.com and one of the most renowned angel investors in Berlin, Atlantic Labs has acted as lead-investor in 100+ early-stage companies since 2013. Building on its team of experienced venture developers and industry network, Atlantic Labs helps companies succeed and find strong international follow-on investors. Atlantic Labs has developed a thesis-driven investment approach with focus areas including digital health, future of work, mobility, industrial automation, artificial intelligence, Fintech & Proptech. Atlantic Labs has been an early investor in some of the most seminal fast-growing German tech companies including SoundCloud, GetYourGuide, Omio, Zenjob, Choco, Wandelbots, and Gorillas.

About VOY

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.