Monos Closes Oversubscribed Usd$30M Series B Investment Amid Travel Industry Comeback; Luggage Industry Veteran Joins Board
Monos Closes Oversubscribed Usd$30M Series B Investment Amid Travel Industry Comeback; Luggage Industry Veteran Joins Board
09/21/22, 11:04 AM
Location
vancouver
Money raised
$30 million
Round Type
series b
Monos, a travel and sustainability-first lifestyle brand that makes premium quality travel goods uniquely accessible, announced today the closing of a USD$30 million Series B investment led by venn growth partners ("venn") with participation from Strand Equity and Michele Romanow. The Series B funding round, which was oversubscribed with nearly USD$40 million in investor demand, comes after Monos achieved 4x growth in 2021, with a further 4x growth forecast in 2022.
Company Info
Location
vancouver, british columbia, canada
Additional Info
Monos is a Canadian travel and lifestyle brand offering timeless, premium goods for the mindful traveller.
Our name is inspired by the Japanese concept ‘mono no aware’, the profound appreciation of the beauty of fleeting moments. We believe that when we fully immerse ourselves in the here and now, the deeper beauty of the world reveals itself, and our experiences become so much richer. Our designs seek to inspire people to travel in a mindful and present way – to embrace the journey of each day with curiosity and a sense of wonder.
With our ‘less is more’ approach and emphasis on high-quality craftsmanship that stands the test of time, we’ve made it our mission to create thoughtfully designed, functional travel pieces to aid in your passionate wanderings, wherever it might lead you.
We are a people-centric company, valuing the connections we make from our travels, collaborations, factory partnerships, and customer service. We believe that genuine human connection and understanding are the keys to travelling well, doing good business, and living a good life.