# Everpurse

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/everpurse

- Industry: Consumer Products
- Headquarters: Chicago, US
- Website: www.everpurse.com
- Total disclosed funding: $1M
- Latest round: Seed (May 18, 2014)
- Investors on record: 2

## About

Everpurse is a Chicago-based fashion technology company that creates stylish handbags with integrated wireless charging for iPhones, blending fashion and functionality for modern consumers.Everpurse, founded in 2012 in Chicago, US, specializes in fashion technology, offering handbags that allow for wireless charging of iPhones. The company has completed two deals, with its most recent funding round being a Seed round in May 2014, raising USD 1.000 mn from investors HAX and SOSV. The CEO and founder, Liz Salcedo, has previously founded other ventures, contributing to her experience in leading Everpurse.Everpurse specializes in innovative fashion technology, focusing on stylish handbags that provide wireless charging capabilities for iPhones. The flagship product, known as the Everpurse, features a SmartPocket™, allowing users to easily insert their iPhones—compatible with models from iPhone 5 to iPhone X—for instant recharging while on the go. The charging technology is unobtrusively integrated into the design of the purse, ensuring that aesthetics are never compromised for functionality. This product mainly targets busy individuals who value both fashion and practicality, including professionals and tech-savvy consumers. Everpurse markets its products primarily in North America and select international markets, catering to urban dwellers who prioritize convenience in their daily lives.Everpurse generates revenue through direct-to-consumer sales of its flagship charging purses, as well as potential collaborations with retailers and fashion partners. The typical transaction structure involves customers purchasing individual products or packages directly from the company's online platform. Each Everpurse is designed to combine both style and utility, thus appealing to a demographic willing to invest in premium fashion technology. While specific pricing details are not disclosed, the company’s offerings are positioned within the mid to high-end market segment, reflecting the unique value proposition of fashion-forward, functional accessories. Overall, the revenue model leverages the growing trend of wearable technology and the increasing demand for stylish yet practical consumer products.In May 2014, Everpurse raised USD 1.000 mn in Seed financing to support its upcoming initiatives. The company plans to expand its product line, introducing new handbag designs featuring enhanced technology and additional functionalities. Furthermore, Everpurse aims to penetrate new markets, focusing on Europe and Asia by 2025, to reach a broader audience seeking fashionable tech accessories. The funds from the latest round will be utilized to enhance product development and marketing strategies to facilitate this expansion.

## Funding rounds

- Seed, May 18, 2014, $1M — SOSV, HAX
- Seed, Jan 1, 2013 — SOSV, HAX

## Investors

- SOSV (https://capitalatlas.ai/funds/sosv) — Seed
- HAX — Seed