Paravel
Latest round
- Seed
Last raised
- Aug 2018
Total raised
- $3.2M
Investors
- 3
About Paravel
Based in the US, Paravel Inc.Paravel Inc. is focused on creating sustainable travel solutions through its innovative product line. Founded in 2016, the company is headquartered in New York, US. The founders, Andy Krantz and Indré Rockefeller, have a history in entrepreneurship, with Krantz leading the company as CEO.Paravel specializes in the design and manufacturing of sustainable travel accessories, notably known for their eco-friendly luggage and travel gear. Their core product offerings include suitcases, backpacks, and packing cubes made from recycled materials, which aim to address the growing consumer demand for environmentally responsible travel solutions. By utilizing durable, lightweight materials, Paravel products cater to modern travelers looking for both functionality and sustainability. The company primarily serves environmentally conscious consumers across various geographic markets, including North America and Europe, where there is a significant focus on sustainable living.Paravel generates revenue through direct-to-consumer sales via its online platform, complemented by strategic partnerships with select retailers. The company employs a straightforward pricing structure for its flagship products, which include its signature suitcases and travel accessories, designed to appeal to a mid to premium market segment. Transactions typically involve customers purchasing items directly from the company's website, where they can explore various product offerings and make secure purchases. Additionally, Paravel may engage in wholesale arrangements with retailers, facilitating broader distribution of its sustainable travel products. The company aims to introduce new products designed to meet rising consumer demand for sustainable travel accessories, although specific release dates have not been disclosed. Additionally, Paravel is targeting expansion into new geographic regions, particularly Europe and Asia, within the next two years to capture a growing market of environmentally conscious consumers. This strategic focus on new markets and product development is expected to significantly strengthen Paravel's position within the sustainable travel sector.
Who invested in Paravel
3 investors across 1 round
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Funding rounds
Seed
Aug 30, 2018
Amount
$3.2M
Investors
Questions about Paravel
Who invested in Paravel?
Paravel has 3 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Paravel raised?
Paravel has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Paravel last raise money?
Paravel's most recent round on record is a Seed, in Aug 2018.
What does Paravel do?
Paravel is a consumer products company.
Where is Paravel headquartered?
Paravel is headquartered in New York, US.
Which VCs invest in companies like Paravel?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back consumer products companies at Paravel's stage. Their profiles are linked below.
VCs backing consumer products startups at Seed
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