Horizn Studios, a Berlin, Germany-based smart luggage startup, closed a €10m Series B financing round.
Backers included Milano Investment Partners and the Growth Fund of Project A Ventures, Vorwerk Ventures, Perpetual Investments, Tarsadia Investments, and Astutia Ventures.
The company, which has raised a total of €25m since its foundation 3.5 years ago, intends to use the capital to further international expansion and to develop more innovative products and services for travelers.
Founded in 2015 by Stefan Holwe and Jan Roosen, Horizn Studios sells M5, a hard-shell cabin suitcase with a front pocket for laptops and the like, as well as a removable power bench with which smartphones and tablets can be charged up to six times on the move.
In 2018, the company has launched Horizn GO, a free concierge service, in partnership with the renowned luxury concierge Quintessentially from London. With this service, customers can exclusively book their travels, receive curated travel plans and benefit from discounts and upgrades such as preferred upgrades, late checkouts or free breakfast in over 2,000 hotels worldwide. If customers use Horizn GO for their bookings, they also receive insider tips on site, reservations in restaurants, the procurement of event tickets and much more.
Horizn Studios now employs around 70 people, including engineers, designers, IT developers, and digital marketing experts.