Monos is a travel and lifestyle brand led by CEO Victor Tam that designs and sells suitcases, bags and accessories. The company is based in Vancouver, BC. It raised USD $30M in a Series B to support growth initiatives. Monos plans to use the funds to grow consumer demand, develop new products, recruit additional talent and expand beyond existing channels. The company recently added former Samsonite, Louis Vuitton and Pandora CEO Marcello Bottoli to its board. Bottoli brings decades of experience in fashion and lifestyle brands and was a key investor and leader in the turnaround of Samsonite with other investors noted in the article. Monos designs premium, timeless suitcases, bags, and accessories with a ‘less is more’ aesthetic and products thoughtfully designed in Canada using high-quality parts sourced globally. Its luggage undergoes forty durability tests and the brand has won accolades, including an A’ Design award for its signature carry-on. Monos is Climate Neutral Certified and donates 1% of revenue as a member of 1% for the Planet. The company pivoted during the COVID-19 slowdown to launch the CleanPod UVC Sterilizer within six weeks, gaining unpaid media coverage. Monos reported 400% year-over-year revenue growth in 2020 and continued growth and profitability in 2021. With new capital it plans to expand its offline presence, recruit talent, and build a more robust product development pipeline.

Total raised

$40M

Funding rounds

2

Latest round

Series B

Latest activity

Sep 2022