– CANADA, Vancouver – Monos, a travel and sustainability-first lifestyle brand that makes premium quality travel goods uniquely accessible, today announced the closing of a USD$30 million Series B investment led by venn growth partners with participation from Strand Equity and Michele Romanow.
The new capital will be invested into inventory to keep up with significant consumer demand, new product development, recruiting addition,al talent and expansion beyond existing channels.
Monos is also welcoming former Samsonite, Louis Vuitton, and Pandora CEO Marcello Bottoli to its Board of Directors.
About Marcello Bottoli
Marcello 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.
“I am thrilled to be joining the Board of Directors at Monos to work closely with the Company through its next phase of growth. Relative to other competing brands, Monos is a uniquely distinctive fashion lifestyle brand with significant upside potential in North America and international markets,” said Marcello Bottoli.
ABout Monos
Monosis a Canadian travel and lifestyle brand offering high-quality, beautifully designed suitcases, bags, and accessories, inspiring people to travel mindfully and presently – to embrace the journey as much as the destination. Thoughtfully designed in Canada with meticulous attention to detail, each Monos suitcase uses only the finest quality parts and materials sourced from around the world. Monos believes that in today’s throwaway mass consumption society, more people are yearning for fewer but better things. With a ‘less is more’ design approach, Monos is on a mission to unite thoughtful simplicity with exceptional quality in its collection of premium travel goods.
For more information: https://monos.com/
About venn growth partners
venn growth partners is a growth equity fund that partners with the distinctive consumer, health care services, and education companies in North America with exceptional Founder CEOs and a relentless focus on delivering industry-leading outcomes for customers. Venn operates with a core belief that a team of talented people from unique backgrounds, with shared values and the right incentives, will deliver differentiated outcomes. venn has built its team around this core belief and carefully selected each team member to deliver a partnership that will help Founder CEOs and their teams achieve profitable growth at the maximum pace. venn has successfully financed and supported brands such as Higher Ground Education, Diggs Inc., California Cowboy, and Rebelstork.
For more information: https://venngp.com/
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