Paktbags

Paktbags

Pakt | Minimalist travel gear for conscious travelers.

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DateInvestorsAmountRound

$1.8m

Seed
Total Funding000k

Financials

Estimates*

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Revenues, earnings & profits over time
USD202120222023
Revenues000000000000
% growth--17 %
EBITDA000000000000
Profit000000000000
EV000000000000
EV / revenue00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x
R&D budget000000000000

Source: Dealroom estimates

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More about Paktbags
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Pakt operates as a direct-to-consumer internet brand specializing in travel gear for environmentally-conscious and design-savvy travelers. The company's genesis is a story of serendipity; it was officially founded in 2017 by industrial designer Malcolm Fontier after a discontinued bag he had designed years prior, the Getaway, was featured in the Netflix documentary "Minimalism". This feature sparked thousands of requests for the bag's return, leading to a highly successful Indiegogo crowdfunding campaign that raised over $2 million and sold nearly 10,000 units of the reimagined "Pakt One" duffel bag.

Founder Malcolm Fontier has a background in industrial design and a history of entrepreneurship, including a designer lifestyle accessories line and an online community for motorcyclists. His passion for travel and product design, combined with an environmental consciousness, forms the foundation of the company's ethos. Concurrent with Pakt, Fontier launched SeaHive, an initiative focused on reducing plastic waste in packaging, a principle applied to all Pakt products which are shipped in 100% plastic-free packaging.

Pakt's business model is centered on e-commerce, selling directly to consumers through its website, a strategy that originated from its crowdfunding success. The product line, developed with significant input from its customer community, includes backpacks, duffel bags, slings, and various travel accessories. Key products like the Pakt Travel Backpack, created in collaboration with gear expert Chase Reeves, feature a clamshell, dual-compartment design that offers the organization of a suitcase with the convenience of a backpack. Features are tailored for modern travel, including padded laptop compartments, dedicated TSA pockets for easier security checks, and construction from durable, water-resistant, and recycled materials like rPET. The company emphasizes creating versatile, long-lasting products to encourage consumers to buy fewer items, and it backs this with a lifetime guarantee and a repair and resale program to keep products out of landfills.

Keywords: travel gear, direct-to-consumer, luggage, backpacks, sustainable products, Malcolm Fontier, eco-friendly packaging, crowdfunding success, Pakt One, travel accessories, clamshell backpack, recycled materials, one-bag travel, minimalist travel, industrial design, Indiegogo, SeaHive, durable goods, travel systems, carry-on bags, responsible sourcing, travel innovation

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