About Passenger
Passenger is a company based in Stockholm (Sweden) founded in 2012 by Richard Sutcliffe.. Passenger has raised $18.62 million across 1 funding round from investors including Growth Partner. Passenger offers products and services including Jackets, Fleece, and Accessories. Passenger operates in a competitive market with competitors including KappAhl, French Connection, Odd Molly, Filippa K and Stutterheim, among others.
- Headquarter Stockholm, Sweden
- Founders Richard Sutcliffe
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Passenger Clothing Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$18.62 M (USD)
in 1 rounds
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Latest Funding Round
$18.62 M (USD), Series B
May 24, 2023
- Investors
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Employee Count
Employee Count
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Products & Services of Passenger
Passenger offers a comprehensive portfolio of products and services, including Jackets, Fleece, and Accessories. 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.
Outdoor jackets for weather protection and adventure
Warm fleece items for outdoor activities
Backpacks and hats for outdoor use
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Funding Insights of Passenger
Passenger has successfully raised a total of $18.62M through 1 strategic funding round. The most recent funding activity was a Series B round of $18.62 million completed in May 2023. 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 1
- Last Round Series B — $18.6M
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First Round
First Round
(24 May 2023)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2023 | Amount | Series B - Passenger | Valuation | Growth Partner |
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| 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 Passenger
Passenger has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Growth Partner. 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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Invests in ambitious businesses and provides operational support beyond finance.
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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 Passenger
| 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 - Passenger
| 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 |
Passenger Comparisons
Competitors of Passenger
Passenger 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 KappAhl, French Connection, Odd Molly, Filippa K and Stutterheim, 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 |
Apparel is retailed by KappAhl across various channels.
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| domain | founded_year | HQ Location |
Internet first brand offering apparel wear for women and men
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| domain | founded_year | HQ Location |
Women's fashion apparel is designed and retailed internationally.
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| domain | founded_year | HQ Location |
Internet first brand of casual apparel wear for men and women
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| domain | founded_year | HQ Location |
High-quality rainwear and accessories are designed and retailed.
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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 Passenger
Frequently Asked Questions about Passenger
When was Passenger founded?
Passenger was founded in 2012 and raised its 1st funding round 11 years after it was founded.
Where is Passenger located?
Passenger is headquartered in Stockholm, Sweden.
Is Passenger a funded company?
Passenger is a funded company, having raised a total of $18.62M across 1 funding round to date. The company's 1st funding round was a Series B of $18.62M, raised on May 24, 2023.
What does Passenger do?
Passenger was founded in 2012 in Stockholm, Sweden, by Richard Sutcliffe. Operations are conducted as an internet-first brand within the fashion sector, where a range of products is provided, including apparel such as trousers, jackets, hoodies, sweatshirts, activewear, and shirts; footwear and headwear; and accessories like bags, belts, socks, and gloves. The catalog is accessible via the domain passenger-clothing.com, focusing on multi-category selections for consumers.
Who are the top competitors of Passenger?
Passenger's top competitors include KappAhl, French Connection and Filippa K.
What products or services does Passenger offer?
Passenger offers Jackets, Fleece, and Accessories.
Who are Passenger's investors?
Passenger has 1 investor. Key investors include Growth Partner.