Fort Capital Partners is pleased to announce that Monos Travel Ltd. (“Monos” or the “Company”), has secured an asset-based loan facility (the “Facility”) from Royal Bank of Canada (“RBC”). Proceeds of the Facility will provide Monos with financial flexibility as it continues to grow its retail operations within North America and expand internationally.
Monos is a Vancouver-based travel and leisure brand founded by serial entrepreneur, Victor Tam. Tam previously founded another successful e-commerce, D2C brand called Rove Concepts before starting the inspiring travel brand. Aside from generating profits, the Company was founded with the goal of building a sustainable brand with focus both on its customers and the environment. Since inception in 2018, the Company has achieved exponential growth each year across North America. Monos’ flagship products include hard shell carry-on and checked luggage, backpacks, duffels, clothing and accessories. People enjoy Monos luggage for its modern design, colour selection, durability and practical features such as built-in compression pads, TSA-approved locks and organized compartments. Monos is included in the Best Luggage of 2023 according to CBS, among many other accolades, and is often praised by internationally recognized publications such as Forbes, Travel + Leisure, Conde Nast Traveler, GQ and CNN to name a few.
Fort Capital acted as Credit Advisor to Monos on the on securing the Facility.