Away, a NYC-based direct-to-consumer travel brand, raised $50m in Series C funding.
The round, which brings its total funding to $81m, was led by existing investors Forerunner Ventures, Global Founders Capital, and Comcast Ventures.
The company intends to use the funds to extend to new markets, continue to expand its product line, and expand its physical retail footprint (opening six new stores by the end of 2018 in addition to its current New York, Los Angeles, San Francisco, and Austin locations).
Founded in 2016 by Steph Korey and Jen Rubio, Away designs and sells premium travel goods. Launched with a single product, The Carry-On, the company has become a leader in the global luggage industry, announcing it reached profitability in under two years, and having sold more than 500,000 suitcases to date.
FinSMEs
04/07/2018