Meridian & Co
Growth round · 2026
Growth round · 2026

Luggage you’ll
never buy twice

Meridian builds aluminum-and-leather travel goods with a lifetime guarantee we actually honor — and a repair network that turns warranty cost into loyalty revenue.

$7.3M
revenue TTM
31k
cases in the wild
$10M
raising
01 / 20
The thesis

The luggage industry’s business model is planned disappointment — ours is planned permanence.

Premium buyers replace “lifetime” bags every four years because guarantees exclude everything that actually breaks. We cover wheels, zips, dents — the real failure points.

02 / 20
Why now
2.4×

resale value of repairable premium luggage vs sealed-shell brands on secondary markets (Luxury resale index, 2025) — durability finally prices into the purchase.

03 / 20
Product

Four cases. Every part replaceable.

01
Modular architecture
Wheels, handles, zips and shells swap with one tool — by us or by you.
02
Aircraft-grade shell
Anodized aluminum that dents honestly and never cracks.
03
The Passport
Every case’s repair history, logged — provenance that raises resale.
[ PHOTO — case, ten years in ]
04 / 20
The guarantee loop
STEP 01
Break it
Anywhere, any cause. No fine print.
STEP 02
Ship or drop
61 repair points in 14 countries.
STEP 03
Repair
Median turnaround: 6 days.
STEP 04
Return
Logged in the Passport; value goes up.
05 / 20
Traction
01
$7.3M
revenue TTM
02
57%
gross margin
03
31k
cases in circulation
04
2.9%
annual warranty cost of revenue

Repair customers buy again at 68% within two years — the warranty desk is our best-performing store.

06 / 20
Growth

Revenue, trailing 3 years

H1 ’23H1 ’24H1 ’25H1 ’26H2 ’26E
07 / 20
Unit economics

The Meridian Carry-On, per unit

LineValue
Price$695
Landed COGS$298
Gross margin57%
Lifetime warranty reserve$21
Contribution after CAC$262
08 / 20
Market · Statista travel goods 2025

The $24B premium travel-goods market

0100%
33%
59%
SOM — premium hard-side, US + EU DTC 8%
SAM — premium luggage + leather travel 33%
TAM — global travel goods 59%
09 / 20
Competition
Meridian & Co
Fashion-house luggage
DTC hard-shell
Heritage trunk makers
Repairability → ↑ Design desirability
10 / 20
Moat
01
01

Repair network

61 points in 14 countries — five years and real capital to copy.

02
02

Modular IP

Tool-free part swaps patented across the four failure points.

03
03

The Passport

Logged repair provenance lifts resale 2.4× — customers are invested in our system.

11 / 20
Proof of life

Cases with mileage

[ PHOTO — 400 flights, one shell ]
[ PHOTO — repair bench ]
[ PHOTO — dented + proud ]
[ PHOTO — the Passport ]
[ PHOTO — parts wall ]
[ PHOTO — customer story ]
12 / 20
Customer proof

“A baggage belt in Doha ate my wheel assembly. Six days later the case came back better than new with the repair stamped in its Passport. I bought my wife one that afternoon.”

James Okonjo
Consultant, 190 flights/year — case no. 08841
13 / 20
Business model

Revenue mix, TTM

01
Cases (DTC)68%
02
Leather + accessories21%
03
Parts, care + out-of-scope repairs11%
14 / 20
plan
The plan

The permanence company

Category by category — luggage, then bags, then the objects people carry for decades — permanence is the brand.

15 / 20
Roadmap
Now
Repair network depth
61 → 100 points; same-week repair anywhere.
H2 2026
The Weekender line
Soft goods on the same guarantee.
2027
Certified resale
Passport-verified secondary marketplace.
2028
Asia entry
Tokyo + Singapore repair hubs first, stores second.
16 / 20
Team
[ photo ]
Elif Demir
CEO — ex-Rimowa product
[ photo ]
Hugo Lindt
Engineering — ex-Bellroy
[ photo ]
Grace Otieno
Repair ops — built 3 service networks
[ photo ]
Nathan Cole
Brand — ex-Aesop retail
17 / 20
Financial plan

Revenue with this round

$23M
revenue exiting 2028
25
50
75
100
$4.3M
$5.9M
$8.2M
$11.6M
$16.4M
$23M
H1 ’26H2 ’26H1 ’27H2 ’27H1 ’28H2 ’28
18 / 20
Use of funds

Where the $10M goes

Raise
Inventory + tooling
Repair network
Weekender line
Brand + retail
Buffer
sources uses ending
19 / 20
Meridian & Co

Buy it once. Mean it.

elif@meridianco.com · meridianco.com
[ QR ]
20 / 20