About Monos
Monos is a company based in Vancouver (Canada) founded in 2018 by Daniel Shin and Victor Tam.. Monos has raised $40 million across 2 funding rounds from investors including venn growth partners, Strand Equity and Michele Romanow. Monos offers products and services including Carry-On Luggage, Backpacks, Check-In Luggage, and Packing Cubes. Monos operates in a competitive market with competitors including Away, Lug, WillLand Outdoors, DiamondHandBag and INRUCA, among others.
- Headquarter Vancouver, Canada
- Founders Daniel Shin, Victor Tam
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Sectors
RetailTravel & Hospitality
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Mono Travel Oü
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$40 M (USD)
in 2 rounds
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Latest Funding Round
$30 M (USD), Series B
Sep 21, 2022
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Investors
venn growth partners
& 2 more
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Employee Count
Employee Count
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Products & Services of Monos
Monos offers a comprehensive portfolio of products and services, including Carry-On Luggage, Backpacks, Check-In Luggage, and Packing Cubes. 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.
Durable suitcase designed for convenient carry-on travel.
Versatile bags for everyday and short trips.
Large suitcases for checked baggage needs.
Organizers to compress and organize travel items.
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Operations Team
2 people
Creative and Marketing Team
2 people
Customer Team
1 people
Leadership Team
1 people
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Funding Insights of Monos
Monos has successfully raised a total of $40M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $30 million completed in September 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series B — $30.0M
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First Round
First Round
(18 Jan 2022)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2022 | Amount | Series B - Monos | Valuation | venn growth partners | |
| Jan, 2022 | Amount | Series A - Monos | Valuation | venn growth partners |
| 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 |
Investors in Monos
Monos has secured backing from 3 investors, including venture fund and angel investors. Prominent investors backing the company include venn growth partners, Strand Equity and Michele Romanow. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location | |
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Strand Equity is engaged in consumer growth equity investments.
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Founded Year | Domain | Location | |
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MR
Michele Romanow |
Canadian entrepreneur, angel investor, Dragon's Den star, active in Indian startups
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Monos
| 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 - Monos
| 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 |
Monos Comparisons
Competitors of Monos
Monos 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, Lug, WillLand Outdoors, DiamondHandBag and INRUCA, 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 |
Sells stylish bags, wallets, and accessories for daily organization and travel needs.
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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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| domain | founded_year | HQ Location |
Operates a direct-to-consumer brand specializing in smart bags.
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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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Latest news on Monos
Frequently Asked Questions about Monos
When was Monos founded?
Monos was founded in 2018 and raised its 1st funding round 4 years after it was founded.
Where is Monos located?
Monos is headquartered in Vancouver, Canada. It is registered at Vancouver, British Columbia, Canada.
Who is the current CEO of Monos?
Victor Tam is the current CEO of Monos. They have also founded this company.
Is Monos a funded company?
Monos is a funded company, having raised a total of $40M across 2 funding rounds to date. The company's 1st funding round was a Series A of $10M, raised on Jan 18, 2022.
What does Monos do?
Monos was founded in 2018 in Vancouver, Canada, as an internet-first brand in the travel and accessories sector. Luggage bags, wallets, handbags, slings, duffels, backpacks, and limited apparel are offered through its online platform. Sustainable materials are utilized in product manufacturing, with operations focused on direct-to-consumer sales. Leadership includes co-founders Daniel Shin as COO and Victor Tam as CEO.
Who are the top competitors of Monos?
Monos's top competitors include Away, Lug and WillLand Outdoors.
What products or services does Monos offer?
Monos offers Carry-On Luggage, Backpacks, Check-In Luggage, and Packing Cubes.
Who are Monos's investors?
Monos has 3 investors. Key investors include venn growth partners, Strand Equity, and Michele Romanow.