Samsara Luggage, Inc., a smart travel tech company, secured $1.6m in financing.
The aggregate amount included:
– convertible loans in the total amount of $1.1m from YA Global, and
– an additional $500k raised as equity from a private group of investors.
The company intends to use the funds for further expansion of sales and business development and for R&D of additional advanced products, that will introduce design, materials and high technology capabilities, including IoT (Internet-of-Things) features.
Samsara Luggage makes travel products combining technology, design and material within the travel industry, integrating IoT and smart features.
The company recently launched its global sales via Amazon and other online platforms worldwide.
Samsara Luggage merged with Darkstar Ventures, Inc. (OTC: DAVC) on May 10, 2019.