Perpetual Ventures leads €12m series-A for Horizn Studios

Existing investors Project A, Vorwerk Ventures, Monkfish Equity, U-start and other private investors also took part in the round.

The fresh capital will be used for product development and international expansion.

Previous funding
Project A led Horizn's seed round in April 2016, investing $3.4m along with Vorwerk and other private investors. It also led the company's $6m series-A in December that year, again with investment from Vorwerk as well as new investors U-Start and Monkfish.

Company
Horizn was founded by Jan Roosen and Stefan Holwe in 2015. It designs and sells smart luggage, which comes with a GPS tracker and smartphone application, as well as USB ports and an integrated battery for charging devices. The company is headquartered in Berlin and employs approximately 50 people.

People
Perpetual Ventures – Hans Langthaler (investment director).
Horizn Studios – Jan Roosen, Stefan Holwe (founders).

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• Topics
• Expansion
• DACH
• Consumer
• Germany
• Venture