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Paravel designs and manufactures sustainable luggage, bags, and travel accessories, emphasizing environmental responsibility without compromising on style or durability. The company’s core offerings include carbon-neutral suitcases and a range of travel essentials crafted from recycled materials such as post-consumer polycarbonate for hard-shells and proprietary fabrics derived from plastic bottles. This approach integrates robust, thoughtful design with eco-conscious manufacturing processes and certifications.
The company was founded in 2016 by Indré Rockefeller, a luxury fashion expert, and Andy Krantz, a former Goldman Sachs executive. Their foundational insight was the market gap for travel gear that harmonized aesthetic appeal, functionality, and sustainability, challenging an industry traditionally reliant on virgin plastics. A pivotal experience, including Rockefeller’s firsthand observation of climate change impacts in Antarctica, propelled their commitment to developing the world’s first carbon-neutral suitcase.
Paravel targets discerning travelers who prioritize both elegant design and ecological impact. The company’s overarching vision is to enable consumers to explore the world responsibly, offering products that facilitate mindful travel. It remains dedicated to reducing plastic waste, fostering ecosystem restoration, and achieving carbon neutrality, guiding customers towards more sustainable choices for their journeys.
Paravel has raised $3.0M across 1 funding round.
Paravel has raised $3.0M in total across 1 funding round.
Paravel refers to two distinct technology companies in different sectors. One Paravel Systems is a Virginia-based technology company specializing in innovative products and software solutions for the broadcast industry, including the Rivendell Radio Automation System, WallTime NTP Clock and Notification Display, and iRoute IP Audio Route Selector/Monitor. It serves broadcasters by providing open-source and hardware tools that streamline radio automation and broadcast operations[1][5].
The other Paravel, founded in 2016 and headquartered in New York, is a travel lifestyle brand focused on sustainable, eco-friendly luggage, bags, and travel accessories made from recycled materials. It serves environmentally conscious travelers by offering stylish, durable products that reduce environmental impact. However, this Paravel filed for bankruptcy in May 2025 after raising $3.43 million in funding[2][3].
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Paravel Systems (broadcast tech) is a smaller company (<25 employees) based in Warrenton, Virginia. Specific founding details and key partners are not publicly detailed, but it has established itself through products like Rivendell, an open-source radio automation system, indicating a focus on community-driven broadcast solutions[1][5].
The travel goods Paravel was founded in 2016 by Indré Rockefeller and Andy Krantz in New York. The founders aimed to disrupt the travel goods industry by creating sustainable, stylish products using recycled materials such as Negative-Nylon™ (made from post-consumer plastic bottles). Early traction came from its direct-to-consumer e-commerce model and strong sustainability mission, appealing to eco-conscious consumers globally[2][3].
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*Paravel Systems (Broadcast Tech)*- Open-source leadership: Rivendell is a leading open-source radio automation system, offering flexibility and cost-effectiveness.- Integrated hardware solutions: Products like WallTime NTP Clock combine accurate timekeeping with broadcast notifications.- Technical support: Offers both turnkey systems and software-only packages with support options.- Niche focus: Specializes in broadcast industry needs with tailored tools.
*Paravel (Travel Goods)*- Sustainability: Uses recycled and upcycled materials, carbon offsetting, and eco-conscious manufacturing.- Design and quality: Combines style with durability, targeting travelers who value aesthetics and environmental responsibility.- Direct-to-consumer model: Strong e-commerce presence with international shipping.- Innovative materials: Proprietary fabrics like Negative-Nylon™ set it apart in eco-friendly travel gear.
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Paravel Systems rides the trend of open-source software adoption in broadcast media, enabling smaller broadcasters to access professional automation tools without prohibitive costs. The timing aligns with increasing digital transformation in media and demand for flexible, interoperable broadcast solutions. Their products contribute to democratizing broadcast technology and supporting community-driven innovation[1][5].
The travel goods Paravel capitalized on growing consumer demand for sustainable products and eco-friendly travel solutions. The timing was favorable as environmental awareness surged globally, and consumers increasingly sought brands with transparent sustainability practices. However, market pressures and competition in the travel goods sector likely contributed to its bankruptcy in 2025, reflecting challenges in scaling sustainable consumer brands[2][3].
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Paravel Systems (broadcast tech) appears positioned to continue supporting the broadcast industry with open-source and hardware innovations, potentially expanding its product suite or services to adapt to evolving media technologies. Its niche focus and community-driven approach may sustain steady growth and influence in broadcast automation.
The travel goods Paravel’s bankruptcy in 2025 signals significant challenges despite a strong sustainability mission. Future trends in sustainable travel products remain promising, but success will require balancing eco-conscious innovation with scalable business models and competitive differentiation.
Both entities illustrate how technology companies can either thrive or struggle depending on market fit, innovation, and operational execution within their respective domains.
Paravel has raised $3.0M in total across 1 funding round.
Paravel's investors include 8VC, Fitz Gate Ventures, Bombas, BoxGroup, Brand Foundry Ventures, Divergent Capital, Gotham Gal Ventures, Jazz Venture Partners, Kitchen Table Partners, Mark Ventures, MS&AD Ventures, Newtype Ventures.
Paravel has raised $3.0M across 1 funding round. Most recently, it raised $3.0M Seed in August 2018.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Aug 1, 2018 | $3M Seed | 8VC, Fitz Gate Ventures | Bombas, BoxGroup, Brand Foundry Ventures, Divergent Capital, Gotham GAL Ventures, JAZZ Venture Partners, Kitchen Table Partners, Mark Ventures, MS&AD Ventures, Newtype Ventures, Operator Collective, Pareto Holdings, Quiet Capital, RED Swan Ventures, Sandbox Industries, Serena Ventures, Thrive Capital, UpHonest Capital, Volition Capital, Bryan Bulte, John Melas Kyriazi, Jonathan Neman, Stuart Gardner, Will Gaybrick, Allison Williams, David Heath, Jennifer Fleiss, Jonathan Tisch, Lizzie Tisch, Shan LYN MA | Announced |
