Monos, a Vancouver, a BC-based travel lifestyle brand, raised USD$30M in Series B funding.
The round was led by venn growth partners with participation from Strand Equity and Michele Romanow.
The company intends to use the funds for growth of consumer demand, new product development, recruitment of additional talent and expansion beyond existing channels.
Led by CEO Victor Tam, Monos is a travel and lifestyle brand offering suitcases, bags, and accessories, all inspiring people to travel in a mindful and present way.
The company is also adding former Samsonite, Louis Vuitton, and Pandora CEO Marcello Bottoli to its Board of Mr. Bottoli brings decades of experience in fashion lifestyle brands and was a key investor and leader in the transformation of Samsonite. He, along with Ares Management, Bain Capital Partners and Teachers’ Private Capital turned around Samsonite and took it from near bankruptcy in 2003 to an eventual sale to CVC Capital Partners Group in 2007 in a deal valued at $1.7 billion.