# GOT BAG

World's first travel bags & accessories made of recycled Ocean Impact Plastic™. Celebrity Backed!

- Canonical URL: https://wefunder.com/got.bag
- Entity ID: wefunder:company:147156
- Last updated: 2026-06-04T05:03:07Z
- Generated at: 2026-06-04T10:59:06Z

## Quick facts
- ⬆️ Established in North America in 2021 with a $3m revenue run rate and a +100% annual growth rate
- 🤯 2.5x unrealized return for our investors from only 10 months ago, they are reinvesting!
- ❤️ 100K+ products sold online & to elite retailers like REI, Bloomingdales, Urban Outfitters & mor
- ♻️ Bags made from recycled Ocean Impact Plastic 2.2M+ pounds of plastic waste collected & recycled
- ⭐️ Massive Global reach: Over 1M followers across all social media channels and email
- ✨ Major partnerships with celebs & organizations: Jason Momoa, Kelly Slater, Coral Gardeners, & more

## Active fundraises
- wefunder:fundraise:102211: 4(a)(6) successful (USD)
- wefunder:fundraise:102210: 4(a)(6) successful (USD)

## Story
The ProblemOur SolutionAfter years of research and development, we invented the world's first travel bags crafted from recycled Ocean Impact Plastic™.Promises Made and DeliveredA big thank you to our friends and family for being a part of GOT BAG history, where we opened up an investment round and they led the way.We’re doubling down with a larger round that you can join for a limited time.We're excited to extend an invitation to our community to join the Global Ocean Transformation. Invest in GOT BAG North America Inc. and be part of our operations spanning the United States, Canada, and Mexico. GOT BAG redefines fashion with a unique blend of style, sustainability, and social purpose. Our Celebrity PartnershipsOngoing talks with global titans promise more exciting developments.GOT BAG North America is Poised to be a Much Larger Business Than EuropeGOT BAG North America is showing remarkable growth, demonstrating our ability to rapidly scale and expand our brand presence in this market. By leveraging the successful trends and lessons learned from Europe, along with a strong R&D team, we’ve been able to achieve and sustain higher growth rates.Celebrated by Leading RetailersOur Impact Resonates on a Grand Scale, Proudly Extending Our Reach to Renowned Premium Retailers WorldwideAs Seen On:Seizing the Sustainable Wave: A Green OpportunityIn the thriving North American luggage and bag industry, valued at $34.58 billion in 2023 (projected to grow annually by 1.99%), GOT BAG is perfectly positioned to lead. Additionally, Generation Z, often seen as trendsetters, shows a strong inclination toward eco-conscious products.Explore Our Beautiful Collection of Eco-friendly Bags, Backpacks, Accessories, and MoreOur products seamlessly integrate into your everyday adventures, combining style and purpose. Join us in making every moment count, as we redefine sustainable living with each step you take.GOT BAG’s Impact and Competitive AdvantageAt GOT BAG, we empower communities and fishermen to remove thousands of pounds of plastic waste daily. Instead of being dumped or burned, this plastic is cleaned, pelletized, and turned into yarn for our bags, backpacks, accessories, and luggage. Each purchase is a step towards protecting our oceans.Our Community of Eco WarriorsOur Social Community, over 1M eco-warriors strong, is a movement united by our mission to clean oceans and style the world sustainably. Milestones and GrowthSince our establishment in North America in 2021, our journey has been defined by notable milestones and substantial growth. Despite our success, we're just beginning to tap our potential. The North American market offers diverse opportunities, and with Q1 2024 performance exceeding forecasts by 200%, we are well-positioned for a promising year ahead.Corporate ProfitabilityUnlocking Additional Growth Potential​*This chart contains forward projections that cannot be guaranteedWhat's the Blueprint for Our Growth and Path to Success?GOT BAG will leverage Amazon, introduce new products, and foster customer engagement to build loyalty and encourage referrals. We will further optimize efficiency, talent acquisition, and data-driven decision-making, leveraging analytics for growth.This direction will ensure our brand’s lasting success.1) Cost Reduction and Margin Optimization:Optimize supply chains and synergize with GOT BAG Europe.Relocate production outside China to reduce duties and boost profit margins.Use full container shipments to Las Vegas warehouse for lower COGS.2) Margin Maximization Strategies:Expand D2C sales & Invest in e-commerce channels.Collaborate on R&D with GOT BAG Europe.3) Operational Efficiency Measures:Joint procurement efforts and shared manufacturing spaces.Leverage GOT BAG Europe’s logistics and marketing capabilities.4) Economies of Scale and Overhead Optimization:Centralize administrative functions to optimize overhead expensesWhat’s Preventing Us From Growing Even Faster?Challenges Hindering GrowthLimited Funding: Hinders investments and expansion.Brand Recognition: Difficulty establishing presence in new markets.Economic Fluctuations: Cause changing consumer spending patterns.Competition: Navigating fierce rivalry in established markets.How Will Raising Money Solve This Problem & Position GOT BAG As An Industry Leader?Attracting top talent for growth Empowers innovative marketing campaigns (online & in-store).Facilitates entry into diverse markets (college bookstores, corporate branding, active lifestyle).Supports collaborations and partnerships enhancing reach/consumer baseEnables participation in key trade shows for brand visibility.What's Next?We're Evolving into a Premium Fabric Supplier, Creating New Revenue Streams and Revolutionizing the Textile IndustryPremium Partnerships: We are in initial stages with major brands & retailers who want to use our premium fabric supply. By offering them eco-conscious choices, we’re not only meeting their needs but also setting industry standards.Endless Market Demand: Our fabric caters to diverse markets, generating revenue in high-end fashion and interior décor sectors.Unmatched Impact: By providing our fabric to influential partners, we reduce plastic waste and promote a sustainable future, reinforcing our commitment to environmental stewardship. Our PerksCoral Planting Certificate: A personalized certificate confirming a coral planted in your name as part of GOT BAG’s commitment to environmental sustainabilityPersonalized Letter & Pro-Deal Discounts: A personalized letter containing 10 pro-deal discount codes of up to 60% off any Ecom order to distribute or use at your discretionInvitation to the Ocean Care Club: Participate in investor meetings to discuss the brand’s progress, early access to products, GOT BAG apparel/merchandise, customized & personalized GOT BAG gear, and more!Investors Day: An invitation to GOT BAG Investors Day with key executives, providing an opportunity for in-depth discussions, networking, and personalized insightsGet in TouchExplore more: www.got-bag.comEmail: funding@got-bag.comFollow Our JourneyStay tuned for exciting updates on Facebook | Instagram | LinkedIn

## FAQ
1. **What is the exit strategy ? When the company will be a profitable ? Who is your competitor ? Do you intend to launch a new products?**
   - Great questions! Regarding our exit strategy - Our aim for the next five years is to significantly grow our business and establish it as a leading company within the industry. We recognize the immense potential for rapid growth, but we're committed to ensuring it's sustainable by setting realistic targets. We're investing for the long term while achieving near-term milestones to demonstrate our progress. While it's premature to outline an exact exit scenario, we're addressing a sizable market...
2. **1) I'm trying to get a handle on your corporate structure, as it seems to include several subsidiaries. Can you describe the corporate hierarchy in terms of the parent company (which I assume is Got Bag GmbH) and any sister corporations and subsidiaries? 2) It sounds as though...**
   - Hey Kevin, appreciate the thoughtful questions! They're spot-on and will definitely provide clarity for other potential investors. Here are the answers: 1) GOT BAG was founded in 2018 by Benny Mandos in Germany as GOT BAG GmbH. It quickly rose to prominence in the European market, becoming the leading backpack manufacturer. In early 2020, we expanded our horizons, setting up an office in Portland, Oregon, as we recognized the immense potential in North America. As the Head of North America at...
3. **Hi, I'm from Europe. Do I receive the bag for an 250$ investment too?**
   - You sure do, Patrick. :)
4. **Is the company profitable?**
   - Thanks for your question! GOT BAG North America has just reached break-even and, according to our financial plan, we expect to end this year profitably. Over the past year, we’ve focused heavily on optimizing operations, increasing efficiency, and expanding our sales channels, all of which have put us in a strong position for sustained growth. With our current trajectory and planned initiatives, we are confident that 2025 will be the year we turn a profit. Let us know if you have any other qu...
5. **What kind of stocks will be offered as future equity**
   - Thanks for your question! The investment is structured as a SAFE (Simple Agreement for Future Equity), which means that investors will receive equity in a future priced round. The specific type of stock issued at that time will depend on the terms of the future financing event. Currently, GOT BAG North America Inc. has only one class of stock—Common Stock. Once a qualified financing round occurs, SAFE investors will convert their investment into equity at the agreed-upon terms. Let us know if...

## Team
- Matthias Paisdzior (President)
- Benjamin Mandos (Founder)
- Case Davis (Vice President of Operations)
- Jay Sheldon (VP of Sales)
- Kathrin Melchior (Lead of Product)
- Domenic DeVico (Brand Development Manager)
- Leonie Schreck (Lead of Mission)
- Anne Weckler (Brand Collaborations & PR Manager)
- Patrick O'Neil (Advisory Board Member)
- Sloane Stephens (Advisory Board Member)

## Recent posts
- Hello friends,First of all, a big thank you to everyone who believed in us and backed GOT BAG on Wefunder. Your support has carried us through a year that tested every consumer goods brand out there. Tariffs, government shutdowns, and constant recession chatter created a tough environment for growth. The whole industry felt it, and we did too.But here is the part I am proud of. We powered through as a team. We became better operators. We sharpened our focus. We made smarter decisions. We kept... (2025-12-02T23:08:57Z)
- Midnight Deadline: Own a Piece of GOT BAG (2025-04-11T17:03:42Z)
- Final 24 Hours — Let’s Ride This Wave Together 🌊 (2025-04-10T18:49:01Z)
- Investor Q&A Part 2: Unfiltered, Unscripted, Unmissable (2025-04-08T19:32:42Z)
- One Week Left to Invest — Let’s Make It Count (2025-04-07T21:33:56Z)
- We’re in the Final Stretch — and Momentum’s Building (2025-03-24T18:57:19Z)
- GOT BAG Impact Update // Our Mission in Action & What’s Ahead (2025-02-19T21:57:47Z)
- GOT BAG Just Closed January Profitably – Big News! (2025-02-11T20:59:23Z)
- We Did It! GOT BAG’s Crowdfunding Goal is Officially Hit! (2025-01-30T16:29:05Z)
- Making Waves Together: Your Questions Answered in Our GOT BAG Q&A (2025-01-20T17:52:33Z)
- From Big Wins to Bigger Dreams: GOT BAG’s 2024 Recap & 2025 Vision 🚀 (2025-01-06T23:31:03Z)
- We Want to Hear from You! (2024-11-07T13:04:36Z)
- Exciting Updates from GOT BAG North America! (2024-09-13T16:51:50Z)
- 🎾Tennis Star Sloane Stephens Joins GOT BAG as Featured Investor 🎾 (2024-04-22T16:01:27Z)
- GOT BAG’s Q1 HOME RUN (2024-03-27T21:24:28Z)

## Q&A
- Q: When will the investor perks be made available?
- Q: 1) I'm trying to get a handle on your corporate structure, as it seems to include several subsidiaries. Can you describe the corporate hierarchy in terms of the parent company (which I assume is Got Bag GmbH) and any sister corporations and subsidiaries? 2) It sounds as though this raise is for GOT BAG North America. Just to be clear, will investors get a SAFE in relation to only that entity, or the entire company as a whole? 3) Where can we see documentation on how the other company subsidiaries are performing? (No offense, but whenever companies start offering piecemeal investments in subsidiaries as opposed to the company as a whole, it's seldom an opportunity to get in on the best business units. It's often the struggling/worst-performing segments that get put on the table.)
  - A: Hey Kevin, appreciate the thoughtful questions! They're spot-on and will definitely provide clarity for other potential investors. Here are the answers: 1) GOT BAG was founded in 2018 by Benny Mandos in Germany as GOT BAG GmbH. It quickly rose to prominence in the European market, becoming the leading backpack manufacturer. In early 2020, we expanded our horizons, setting up an office in Portland, Oregon, as we recognized the immense potential in North America. As the Head of North America at that time, I spearheaded the establishment of GOT BAG LLC right here in beautiful Oregon, with GOT BAG GmbH as the sole owner of GOT BAG LLC. We finally launched the brand to the public then, in the United States and Canada, in late 2021. After two years of amazing growth, we restructured our US operations by forming a C-Corp with myself as the company's president. In March 2023, we transferred all assets from GOT BAG LLC to the newly founded GOT BAG North America Inc. This move enabled us to welcome investment from shareholders, raising approximately $300k in our first priced round, with a company valuation of $4m at that time. GOT BAG GmbH now holds about 93% ownership of GOT BAG North America Inc., with the remaining shares distributed among angel investors in the United States. While GOT BAG GmbH retains majority ownership, GOT BAG North America Inc. operates autonomously with a dedicated internal team spread across Oregon, California, and Colorado. This setup allows us to effectively manage sales and operations in North America, while GOT BAG GmbH oversees Europe and Asia. Despite our intertwined ownership structure, both entities function as separate businesses without any subsidiaries or sister companies. 2) Yes, investors receive a SAFE related to GOT BAG North America Inc. and its future growth. 3) Great question! Please feel free to reach out to funding@got-bag.com, and we'll be more than happy to share financials with you regarding GOT BAG GmbH (again, which is the only other business entity at GOT BAG). For context, GOT BAG GmbH is projected to generate about $20m in net revenue this year, while GOT BAG North America Inc. is expected to generate about $3m in revenue. The reason for the difference in revenue is primarily due to the fact that the European business is older; GOT BAG GmbH was founded in 2018, whereas GOT BAG North America Inc. was launched in 2021. However, we are not the struggling or worst-performing segment—rather, we're the younger company on track to surpass the European business by 2026/2027. The North American market's scale is much larger than the European market, positioning us to become the larger entity in the future. We don't offer a SAFE in relation to all of GOT BAG because the two entities are entirely separate, and we raise money specifically for the growth of the North American business entity. Therefore, investments can only be made into GOT BAG North America Inc. Thank you for your excellent questions, and I hope my responses met your expectations. If you have any further inquiries or concerns, please don't hesitate to reach out, and we'll gladly address them. Thanks again, and have a fantastic day!
- Q: Who is going to get in touch with us regarding the items that we are supposed to receive with our investment? I have sent emails with no response.
- Q: What kind of stocks will be offered as future equity
  - A: Thanks for your question! The investment is structured as a SAFE (Simple Agreement for Future Equity), which means that investors will receive equity in a future priced round. The specific type of stock issued at that time will depend on the terms of the future financing event. Currently, GOT BAG North America Inc. has only one class of stock—Common Stock. Once a qualified financing round occurs, SAFE investors will convert their investment into equity at the agreed-upon terms. Let us know if you have any other questions!
- Q: What kind of stocks will be offered as future equity
- Q: Is the company profitable?
  - A: Thanks for your question! GOT BAG North America has just reached break-even and, according to our financial plan, we expect to end this year profitably. Over the past year, we’ve focused heavily on optimizing operations, increasing efficiency, and expanding our sales channels, all of which have put us in a strong position for sustained growth. With our current trajectory and planned initiatives, we are confident that 2025 will be the year we turn a profit. Let us know if you have any other questions!
- Q: Hi, I'm from Europe. Do I receive the bag for an 250$ investment too?
  - A: You sure do, Patrick. :)
- Q: What is the exit strategy ? When the company will be a profitable ? Who is your competitor ? Do you intend to launch a new products?
  - A: Great questions! Regarding our exit strategy - Our aim for the next five years is to significantly grow our business and establish it as a leading company within the industry. We recognize the immense potential for rapid growth, but we're committed to ensuring it's sustainable by setting realistic targets. We're investing for the long term while achieving near-term milestones to demonstrate our progress. While it's premature to outline an exact exit scenario, we're addressing a sizable market with a unique and innovative concept, and our audience is expanding rapidly. We have several options depending on market developments, and liquidity opportunities will naturally follow. We're considering the possibility of taking the company public via an IPO in the future. Our solution addresses a critical need for our target customers, which adds significant value. As we grow, it will become increasingly challenging for potential competitors to replicate our approach, making us a strategic asset for major players in our sector. We'll also explore mergers and acquisitions to maximize returns for our investors when the timing is right. However, our primary focus is on building a strong, sustainable company for the long term, which will provide us with various exit options. We're fully committed to building this company for the long haul and have no intention of selling it off quickly. We've developed something truly unique, and our goal is to dominate our sector because that's what our company deserves. Regarding profitability, I'm thrilled to share that we achieved profitability last February. We've exceeded our forecasts for 2024 so far, with January exceeding expectations by 127% and February by 244%, resulting in nearly $300k in net revenue and approximately $75k in profitability. With the outstanding performance of our sales team, we anticipate consistent profitability and increased returns throughout the year. I couldn't be prouder of my team! In terms of competitors, it's challenging to identify direct competitors because our approach, story, materials, and style set us apart. While we compete for shelf space with established backpack brands like Herschel, Fjallraven, Cotopaxi, and Topo Designs, our distinctiveness has enabled us to gain more retail real estate over the last 12 months. We're not just launching one new product, but several. Our product portfolio is continuously evolving to stay ahead of trends, and this year, we'll introduce several new bags, backpacks, and accessories, including new categories like luggage and sunglasses. Thank you for these insightful questions, and please feel free to reach out if you have any more! 😊
- Q: Still no work about the fundraising gift for investors. Won't buy anymore of your product if this is how you treat fundraisers.
- Q: What kind of stocks will be offered as future equity
- Q: What kind of stocks will be offered as future equity
- Q: What kind of stocks will be offered as future equity
- Q: What kind of stocks will be offered as future equity