What is Away?
Founded in 2015 and headquartered in New York, New York, Away has disrupted the travel accessories market by offering thoughtfully designed luggage and travel essentials sold directly to consumers online and through its own retail stores. The company's product line, known for its durability and aesthetic appeal, has resonated with a broad consumer base, establishing Away as a prominent brand in the competitive travel goods sector. Its business model emphasizes direct customer engagement and a curated brand experience.
How much funding has Away raised?
Away has raised a total of $221M across 6 funding rounds:
Angel/Seed
$2.5M
Series A
$8.5M
Series B
$20M
Series C
$50M
Series D
$100M
Debt
$40M
Angel/Seed (2015): $2.5M with participation from Andrew Deitchman, Compound, Comcast Ventures, Forerunner Ventures, Brian Lee, Andy Dunn, Accel, and Jeff Kearl
Series A (2016): $8.5M led by Forerunner Ventures, Global Founders Capital, Accel Partners, and Comcast Ventures
Series B (2017): $20M supported by Forerunner Ventures, Global Founders Capital, Accel Partners, and Comcast Ventues
Series C (2018): $50M featuring Forerunner Ventures, Global Founders Capital, and Comcast Ventures
Series D (2019): $100M backed by Baillie Gifford, Wellington Management, Lone Pine Capital, and Global Founders Capital
Debt (2020): $40M with participation from Wellington Management and Baillie Gifford
Key Investors in Away
Baillie Gifford
Baillie Gifford is an investment management firm founded in Edinburgh in 1908, specializing in investment advice and managing assets for institutional clients.
Wellington Management
Wellington Management Company, LLP is a global, independent investment management firm based in Boston, Massachusetts, providing tailored investment solutions across various asset classes.
Forerunner Ventures
Forerunner Ventures partners with founders to build category-defining companies at the intersection of technology and human behavior, focusing on emerging trends and consumer demands.
What's next for Away?
The recent major strategic investment of $40M signals a new phase of development for Away. This capital infusion is likely to be directed towards expanding product lines, enhancing direct-to-consumer channels, and potentially exploring new international markets. Given Away's established presence and the nature of the recent financing, the company appears poised for further scaling and innovation within the travel industry, aiming to solidify its market leadership and explore adjacent product categories.
See full Away company page
