We are very excited to announce that we have closed a $12M Series A round of funding led by Tsing Capital with additional funding from Monashees+, Endeavor Catalyst, XG Ventures among others leading investors from Silicon Valley and China. We plan to use this capital to continue building our vision for the smart luggage industry.

Tsing Capital is one of the largest venture firms in China. The partner leading this round, Michael Li, is a former Kleiner Perkins Caufield Byers partner with strong expertise in cross-border technology companies. This investment comes from a dedicated Tsing Capital fund called “Smartech Innovation Fund” which is focused on Internet of Things and connected devices. We will leverage this partnership to continue our manufacturing and global operations in Asia. With the proceeds we plan to expand our product line in order to continue our mission of helping people travel the world in a smarter way.

“With a long history of venture capital investing in China and North America, we are pleased to add Bluesmart to our portfolio of sustainable life style companies,” said Li. “China represents one of the largest and fastest growing markets for premium luggage globally, and we look forward to helping support Bluesmart’s expansion and product delivery.”

In addition to the funding announcement, we are excited to share that we have appointed Tomi Pierucci as CEO. Tomi, a co-founder and former President of Bluesmart is returning to his original position as Bluesmart’s CEO. Co-founder Diego Saez Gil will take on the position of Executive Chairman of the Board at Bluesmart. The company is also hiring a new CFO, Paula Rojnica, former VP at S&P Global Market Intelligence.

“As a global company, we’re very excited to partner with an impressive group of investors from around the world,” said Tomi Pierucci. “We created Bluesmart’s line of smart luggage with one simple purpose: to improve the travel experience. This new round of funding allows us to increase our impact and product line with that same vision in mind.”

About Bluesmart

Bluesmart designs and manufactures smart luggage for modern frequent travelers. The company is constantly pushing the boundaries of the travel goods industry, using innovative technology and materials combined with great product design. The core technology allows products to seamlessly connect to the Bluesmart app to bring travelers unique benefits and peace of mind during their trips. Bluesmart’s products are now used today by tens of thousands of travelers in more than 100 countries and have been named the “Top Innovative Product and Service” by Forbes Magazine, awarded “Best Travel Gear” by Fast Company and “Best of the Best” Red Dot Design Award. The company is backed by Y Combinator and other top Silicon Valley and global venture investors. Bluesmart is headquartered in New York with offices in San Francisco, Hong Kong, Argentina, and, China.

Find out more about Bluesmart here: http://www.bluesmart.com

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-The Bluesmart Team