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Pakt isn't accepting new investments

Pakt’s deadline was October 4, 2021

Follow the company to stay updated on their progress, including future investment opportunities


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Logo of Pakt

Pakt

Exceptionally well-designed gear built for the modern traveler
Social Impact B2C Reduce, Reuse, Recycle Fashion
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Featured image of Pakt
$156,313
Raised
216
Investors
Successfully funded and closed on October 4, 2021.
Invest in Pakt
Pitch Updates 12 Reviews 63
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Closed on October 4, 2021. Information may not be up-to-date. Campaign closed on October 4, 2021. Information displayed may not be up-to-date.
Problem Solution Product Traction Customers Biz. model Market Competition Vision and strategy Funding Founders
About Team Press

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Pakt, Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Pakt Crowd SAFE Pakt Form C.pdf
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Hear from some of the 216 people reserved or invested in Pakt


Show more

Highlights


$1M+ revenue
Company had over $1M in revenue in the past 12 months
  • $4.6M in lifetime revenue with 24,000+ units sold to date
  • Even during COVID, revenue grew to $1.4M in 2020, a 32% YoY increase
  • A strong DTC model paired with strategic retail and licensing partnerships
  • Engaged, enthusiastic community of 75K+ people across the globe
  • Social media engagement that's 540% higher than the industry average
  • Created SeaHive, an initiative to fight ocean pollution
  • This is our first fundraising effort

Problem


Most of today’s travel gear hasn’t kept up with changing customer expectations

Modern travelers are environmentally and socially conscious, so they expect the same of their travel products. These discerning customers support brands they feel good about through an authentic connection before and after a purchase.

Much of the quality travel gear available to customers is from legacy brands operating with business models, environmental practices, and styles that are out of sync with customer needs and wants.

Solution


Keep travel simple. Experience more.

At Pakt, we create unique, refined, and responsibly-sourced travel accessories for our growing community of environmentally-conscious travelers.

Pakt creates some of the best travel accessories available.

More importantly though, we operate a customer-centric, direct-to-consumer brand. The result is strong connections, a sense of community, and some passionate loyal customers.

Lead by a designer founder who is also an environmentalist, we are obsessed with creating products that are built to last, and doing so with the earth in mind.

Product


Exceptional products that are made to last a lifetime of adventures

Innovation and attention to detail define all Pakt products.

Travel is trending toward more casual and adventurous, so consumers want gear that matches their go-anywhere style, while also being built to last. People are also working from anywhere and everywhere, so they demand versatile products that serve both business and leisure functions.

Traction


We launched with a bang and never looked back

Pakt launched in response to the requests of thousands of soon-to-be customers for a discontinued bag. With the support of nearly 7,000 backers pledging over 2 million dollars, the bag was successfully crowdfunded, and the Pakt brand was born. 

In the 3 years since launching, we’ve grown our audience and product line while raising the bar for product quality, eco-friendly practices, and the customer experience.

Customers


Popular demand, collaboration, & community

After a bag designed by our founder’s previous company appeared in the popular documentary, Minimalism, Malcolm Fontier and The Minimalists received thousands of requests to bring the bag back. 

Those fans and that community-driven approach are the foundation of the brand today. It’s also been made clear that our messaging, design, and timing are all perfectly aligned.


An engaged enthusiastic community of more than 75,000 customers, followers, and subscribers around the world


Business model


A winning recipe

We’re a direct-to-consumer and very customer-centric brand.

Our strategy of using crowdfunding product launches followed with e-commerce long-term sales has built a strong community and impressive per product numbers.


We compliment our direct-to-consumer model with strategic retail and licensing partnerships when appropriate. 

Market


Serving a changing $22B market with product fit and agility

Yes, COVID changed the way we live, work and travel, but... 

The desire to travel, the need for great gear, and the $22.8 billion global luggage market haven’t gone anywhere. They just look a little different. 


Pakt is a brand that’s perfectly positioned to be the go-to brand for on-the-go lifestyles.

What’s more exciting than an addressable market that literally grows every day?

More and more customers are not only interested in, but actually demand, responsibly-sourced products and supply chain transparency. Fortunately, that’s been our MO since day 1!

Competition


Combining approachability, function, and style

Pakt occupies a unique space in a large but hyper-fragmented travel accessories market. There’s a great opportunity to scale the brand through a continued focus on the community and high quality, distinctive products that are responsibly-sourced and tailored to these unique times.

Very few, if any, other companies have as impressive a list of customer-friendly policies and product traits:

Vision and strategy


Expect more, expect better

We aim to be the go-to brand that conscientious consumers turn to for the accessories that perfectly complement their epic globetrotting trips as well as their everyday adventures.

Of course we’re excited about expanding our line with amazing new products, but we’re even more excited about the opportunity for our business to lead by example. Our hope is that our efforts to raise the bar around how business is done and products are made will result in you, the customer, expecting more from all the companies you support. That’s when real change happens!

Funding


This is our first fundraising effort

All growth to this point has been funded through product sales and a single traditional loan. With a proven business model, our focus for the next two years is building out the product line and scaling our marketing efforts.

Looking forward: 

The travel goods market is a large, valuable market that feels primed for a leadership change, and we believe Pakt is well-positioned to become a new leader.

We see an opportunity to claim a significant share of the travel goods market in the next few years with our unique product offering, timely environmental practices, and strong brand. Meanwhile, the deep-pocketed but slow-to-adapt legacy brands will likely lose market share that will increase their need to acquire fresh brands.


Our goal is to build Pakt to a point where we can’t be ignored. We are building the company with a 5-year timeline for opening up as many options as possible. The most appealing options would enable us to extend the reach of our brand, that is changing the way products are produced and business is done, to a mainstream audience. We are committed to exploring all options with our shareholders' best interests in mind.


Note: The use of proceeds is based on the range provided by the Use of Proceeds in the Form C

Founders


Designer, entrepreneur, conservationist, nomad

Malcolm Fontier, Founder & CEO

A designer by training, a builder at heart, and obsessive by nature. My awesome team and I are working to change the perception of “doing business.” We aim to raise the bar for both environmental and social responsibility while having more fun than most think is possible in business.

Our small but efficient team is a productivity powerhouse

Deal terms


Valuation cap

$9,000,000

The maximum valuation at which your investment converts into equity shares or cash.
Learn more

Discount

20%

If a trigger event for Pakt occurs, the discount provision gives investors equity shares (or equal value in cash) at a reduced price.
Learn more.

Minimum investment

$250

The smallest investment amount that Pakt is accepting.
Learn more

Funding goal

$1.07M

Pakt must achieve its minimum goal of $25K before the deadline. The maximum amount the offering can raise is $1.07M.
Learn more

Deadline
Pakt needs to reach their minimum funding goal before the deadline ( ). If they don’t, all investments will be refunded.
Learn more
Type of security

Crowd SAFE

A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event. · Learn more

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Pakt, Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Pakt Crowd SAFE Pakt Form C.pdf

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in Pakt.
Invest
$500
Receive
  • $75 Pakt Store Credit
  • Quarterly investor email updates
Invest
$1,000
Receive
  • $150 Pakt Store Credit
  • Quarterly investor email updates
  • A personalized 15% discount code for use at paktbags.com that’s shareable with friends and family, and valid for 1 year
Invest
$2,000
Receive
  • $300 Pakt Store Credit
  • Quarterly investor email updates
  • A personalized 20% discount code for use at paktbags.com that’s shareable with friends and family, and valid for 1 year
  • Early bird access to all product launches
Invest
$5,000
Receive
  • $500 Pakt Store Credit
  • Quarterly investor email updates
  • A personalized 25% discount code for use at paktbags.com that’s shareable with friends and family, and valid for 1 year
  • Early bird access to all product launches
Invest
$10,000
Receive
  • $750 Pakt Store Credit
  • Quarterly investor email updates
  • A personalized 30% discount code for use at paktbags.com that’s shareable with friends and family, and valid for 1 year
  • Early bird access to all product launches
  • 24/7 access to a private investor Slack channel with our founder and team
Invest
$25,000
Receive
  • $1000 Pakt Store Credit
  • Quarterly investor email updates
  • A personalized 30% discount code for use at paktbags.com that’s shareable with friends and family, and valid for 2 years
  • Early bird access to all product launches
  • 24/7 access to a private investor Slack channel with our founder and team
  • Invitations to weigh in on design decisions
  • Participation in our Investor Advisory Panel

Why others invested

See all reviews (0) See all (0)

I own a Pakt One and love everything about it. Love all you are trying to do and produce

Profile picture of Monique Little
Monique Little
Active investor
about 4 years ago

I invested because I love the product (I have 2 Pakt One bags) and believe in their mission and messaging!

Profile picture of Kenny Vo
Kenny Vo
Investor
about 4 years ago

I believe that there is a huge market for these products, and as an avid world traveller, I've struggled myself, and watched friends and family struggle, with finding the right products that support that lifestyle.

Profile picture of Travis Coates
Travis Coates
Value-add investor
about 4 years ago

About Pakt

Legal Name
Pakt, Inc.
Founded
Dec 2012
Form
Delaware Corporation
Employees
6
Website
paktbags.com
Social Media
Headquarters
Google Map location of of Pakt
2000 Winton Rd. S. Building 4- Suite LL3 , Rochester, NY
Headquarters
2000 Winton Rd. S. , Building 4- Suite LL3, Rochester, NY, United States 14618

Pakt Team
Everyone helping build Pakt, not limited to employees

Profile picture of Malcolm Fontier
Malcolm Fontier
Founder & CEO
Featured in Superheroes · Read
Profile picture of Sara Edwards
Sara Edwards
Creative & Community
Profile picture of Melissa Kieffer
Melissa Kieffer
Operations
Profile picture of Emma Abbott
Emma Abbott
Marketing Lead
Profile picture of Elizabeth  Sciarillo
Elizabeth Sciarillo
Community
2 more team members
Malcolm Fontier
Founder & CEO
Sara Edwards
Creative & Community
Melissa Kieffer
Operations
Emma Abbott
Marketing Lead
Elizabeth Sciarillo
Community

Press

From a brief appearance on Netflix to $1.1 million in cro...
Business Insider Business Insider
·
Feb 1, 2021

The Pakt One travel bag made a brief appearance in the popular Netflix doc "Minimalism." At first only 300 bags were made...

I Tested The Most Popular Travel Coffee Methods-These Wer...
Delish Delish
·
Sep 8, 2020

No matter what travel you're doing, or how hard you want to work for it-whether you're in the backcountry or a cheap mote...

This Is Your Go-Anywhere Bag
InsideHook InsideHook
·
Mar 25, 2020

Welcome to Kind of a Big Deal Related: Buy Two Everlane Basics, Get a Sweet Discount A Bunch of Our Favorite Shoes Are on...

The best camping gear for people who hate camping
Fast Company Fast Company
·
Jul 19, 2019

I'm not a camper. I'm not one to sacrifice a hot shower or a comfortable bed just to spend time outside. But with the bea...

Best Carry-On Bag Finalists - The Eighth Annual Carry Awards
Carryology - Exploring better ways to carry Carryology - Exploring better ways to carry

From work trips to long-haul adventures, your travel needs can vary extensively. And while no single carry-on bag will co...

Pakt's New Travel Backpack is a Solo Adventurer's Dream Bag
Islands Islands

Pakt's new travel backpack provides all the space and organization of a standard carryon, while adding plenty of comfort ...

Logo of Pakt

Pakt

Pakt successfully raised $156,313 from 216 investors on October 4, 2021
Profile picture of Cris Skelton
Profile picture of Massimo DiMeo
Profile picture of ROBERT SPENGLER
Profile picture of Abidemi Adebamiwa
Profile picture of Monique Little
Cris, Massimo, ROBERT, Abidemi, Monique, and 211 others invested. 63 Reviews
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