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Investible just led a $1.5 Million Investment round for Sydney wearable Fintech INAMO

Investible just led a $1.5 Million Investment round for Sydney wearable Fintech INAMO

Inamo, the Sydney startup known for making waterproof wristbands and sunglasses that double as a contactless bank card, has secured $1.5 million of seed funding led by Club Investible.

Investible’s $1 million contribution is its single largest investment into an Australian-based startup. The other $500,000 was sourced from unnamed private investors.

Inamo founder Peter Colbert, who has started various tech businesses since leaving the world of sports management in 1999, said that Investible brought a lot more than just a truckload of cash.

“You can get dumb money. Through the dot com boom and bust I went through it – and I promised myself I’d never do that again,” he told Business Insider.

Read More: https://www.businessinsider.com.au/investible-just-led-a-1-5-million-investment-round-for-sydney-wearable-fintech-inamo-2017-5

Business Insider Australia

Business Insider Australia

About the author: Business Insider Australia is the Australian edition of the world's fastest-growing business news website. Targeted at aspirational business leaders, Business Insider Australia features the latest technology, money and markets news, along with ideas to inspire executives and high-end lifestyle features.