About Lug
Lug is a company based in Markham (Canada) founded in 2005 by Ami Richter. It operates as a D2C, and B2C. Lug offers products and services including Crossbody Bags, Backpacks, Wallets, Bag Charms, and Storage Envelopes. Lug operates in a competitive market with competitors including Away, Monos, WillLand Outdoors and DiamondHandBag, among others.
- Headquarter Markham, Canada
- Founders Ami Richter
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Sectors
Consumer
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Social
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Annual Revenue
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Products & Services of Lug
Lug offers a comprehensive portfolio of products and services, including Crossbody Bags, Backpacks, Wallets, Bag Charms, and Storage Envelopes. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Compact bags for everyday carry and organization
Durable packs for travel and daily essentials
Secure wallets with RFID protection features
Decorative items to personalize bags and products
Portable envelopes for cosmetics and storage needs
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Funding Insights of Lug
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Lug
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Lug
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Lug Comparisons
Competitors of Lug
Lug operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Away, Monos, WillLand Outdoors and DiamondHandBag, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Travel gear solutions including luggage, bags, and accessories are offered.
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| domain | founded_year | HQ Location |
Smart luggage bags and accessories are provided by Monos.
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| domain | founded_year | HQ Location |
Sells high-quality eco-friendly bags and outdoor gear online.
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| domain | founded_year | HQ Location |
Operates a platform offering luxury digital collectibles.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Lug
When was Lug founded?
Lug was founded in 2005.
Where is Lug located?
Lug is headquartered in Markham, Canada. It is registered at Markham, Ontario, Canada.
Who is the current CEO of Lug?
Ami Richter is the current CEO of Lug. They have also founded this company.
What does Lug do?
Lug designs and sells practical bags, accessories, and organizational products through an online platform. Founded in 2005, it focuses on fashionable items like crossbody bags and wallets with features such as RFID protection. The company serves consumers in the US and Canada, offering free shipping on orders over 100 and a rewards program. It emphasizes effortless style and functionality for everyday use.
Who are the top competitors of Lug?
Lug's top competitors include Away, Monos and WillLand Outdoors.
What products or services does Lug offer?
Lug offers Crossbody Bags, Backpacks, Wallets, Bag Charms, and Storage Envelopes.