Miguel Cordon · · 1 min readAustralian freelance marketplace secures 6-figure seed funding
Australia-based freelance marketplace Cavalry Freelancing has raised a six-figure in a fully subscribed seed round.
(From left) Cavalry co-founder and CTO Nick Stevens, former McCann Australia CEO Ben Lilley, and Cavalry co-founder and CEO Dave Bentley / Photo credit: Cavalry Freelancing
The funding saw participation from McCann Australia’s ex-CEO and chairman Ben Lilley, MullenLowe Profero’s former co-founding partner and global CEO Wayne Arnold, and Ironbridge Capital’s founding partner Paul Evans.
Through its platform, Cavalry enables companies to connect to available freelancers with its network capabilities. Meanwhile, freelancers can also search for companies looking for people with their specific skill set.
Cavalry said the seed round will serve as a precursor to its planned series A capital raise in 2020.
The startup plans to use the fresh funds to support product development and to extend its services to small and medium-sized businesses. Cavalry also looks to widen its reach into markets in Asia Pacific, according to a company statement.
Cavalry claims to have experienced fivefold growth since being founded in 2018. Other freelance marketplaces operating in Australia include OzLance and Upwork.
Editing by Eileen C. Ang
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