Stefan Holwe, Founder and CEO of Horizn Studios comments: “Sixty percent of our turnover today comes from European countries outside Germany. While we do sell worldwide, Great Britain will be a focus for 2019”.
The new capital will aid Horizn as it continues to expand in the UK, as well as providing the investment needed to become established in further markets. The Series B funding will also support future design and tech innovation, and the development of at least two new products to join the current range of smart luggage and accessories.
“The market for a digital ‘Nike of Travel’ is clearly massive. We are thrilled, both by the strong backing of such renowned investors, and the overwhelming feedback from our customers” Howle says. “It encourages us to continue to develop cutting-edge products and services for the next generation of travellers.”
The company currently employs around 70 people, including engineers, designers, IT developers and digital marketing experts. In the past two years alone, the company has grown over 300% – a trajectory they plan to continue in 2019.