Lumzag is a fashion startup that aims to revolutionize the backpack industry with its innovative product. Founded in 2018, the company has garnered attention with its slogan "THE WORLD’S SMARTEST AND MOST INNOVATIVE BAGS WITH SEVEN FEATURES." The description of Lumzag's offering highlights its commitment to combining security, convenience, and style in a backpack, setting it apart from traditional offerings in the market. The startup has seen early success, securing a $500.00K investment through product crowdfunding in August 2018. This funding demonstrates initial market interest in the company's innovative approach to backpack design. The strategic investment is a testament to the potential of Lumzag's product, signaling confidence from investors in the startup’s ability to disrupt the fashion industry. Lumzag's unique selling proposition lies in its seven innovative features, promising to offer consumers a secure and convenient solution to their everyday carry needs. The company's focus on delivering a blend of security, convenience, and style positions it as a disruptive force in the fashion and accessories space. As the startup continues to gain traction and refine its product offering, investors are likely to keep a close eye on Lumzag's growth trajectory. With an emphasis on innovation and a successful initial investment round, Lumzag has set the stage for further expansion and disruption within the fashion industry.
Funding Stage | Amount | No. Investors | Investors | Date |
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Product Crowdfunding | $500.00K | - | 01 Aug 2018 | |
Seed Round | $50.00K | - | 01 Dec 2017 |
No recent news or press coverage available for Lumzag .