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Customisable handbag brand Mon Purse has secured $3.1 million in a series A capital raise.

Catch of the Day Group founders Gabby and Hezi Leibovich are the latest investors to inject funding into the business.

Gabby believes Mon Purse is a game changer.

“Mon Purse is a remarkable ‘millennial’ concept as it is fashion, tech and also experiential.

“…for me, ideas that engage consumers and at the same time provide a valuable service, are worth investing in.”

The brand previously completed an angel round in July last year and a small seed round in 2014 to launch the business.

Mon Purse has also announced expansion into the US later this year, enlisting Harper's Bazaar US executive editor Laura Brown for a design collaboration.

As such Brown will design a capsule range of bags that will be made available to purchase via Mon Purse's online store.

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