Paravel, a luggage and accessories brand, has secured $3.2 million in seed funding.
Paravel, the luggage and accessories brand co-founded by Indré Rockefeller and Andy Krantz, has raised a $3.2 Million seed round.
Founded in 2016, Paravel is a complete system of impeccably crafted luggage and accessories that turns packing into an experience as enjoyable as the destination.
Paravel is on track to do more than 3x last year’s revenue in 2018 and turn profitable in 2019.
“Our customer values uncompromising design and functionality, and is thrilled to find Paravel amidst a market that has been long neglected on both fronts,” said Andy Krantz, co-founder and co-CEO. “It’s important to us to continue to address true travel pain points: lightweight fabrics and innovative, space-saving features are keystones of the brand. From launch, we have always eschewed the ‘smart luggage’ trend, preferring to create timeless product without built-in technological obsolescence. Our customer approaches travel as an opportunity to discover new horizons and to be present rather than needing to be constantly tethered to a phone.”
“Luggage is the most widely shared mark of our personal brands; Paravel represents a lifestyle connecting consumers with a love of journeying and discovery.”
Paravel sources its textiles and leathers from best-in-class luxury mills, and all products are meticulously designed and manufactured to be both multifunctional and ultra-lightweight at an attainable cost.