What is Away?
Founded in 2015 and headquartered in New York, Away has redefined the luggage industry by integrating high-quality design with a direct-to-consumer sales model. By bypassing traditional retail markups, the company provides premium travel essentials through its online platform and physical retail boutiques. Away occupies a significant position in the modern lifestyle market, leveraging data-driven consumer insights to expand its product ecosystem beyond standard suitcases into comprehensive travel accessories and apparel.
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 Comcast Ventures, Accel, Jeff Kearl, Brian Lee, Compound, Andy Dunn, Forerunner Ventures, and Andrew Deitchman
Series A (2016): $8.5M led by Comcast Ventures, Global Founders Capital, Accel Partners, and Forerunner Ventures
Series B (2017): $20M supported by Forerunner Ventures, Global Founders Capital, Accel Partners, and Comcast Ventues
Series C (2018): $50M featuring Comcast Ventures, Global Founders Capital, and Forerunner Ventures
Series D (2019): $100M backed by Lone Pine Capital, Wellington Management, Baillie Gifford, and Global Founders Capital
Debt (2020): $40M with participation from Wellington Management and Baillie Gifford
Key Investors in Away
Comcast Ventures
Comcast Ventures is the venture capital affiliate of Comcast Corporation, focusing on consumer, enterprise, and frontier technology companies with a diverse portfolio of over 130 firms.
Global Founders Capital
Global Founders Capital is a global early-stage investor that empowers entrepreneurs by providing operational support and backing ventures from pre-seed through to IPO.
Forerunner Ventures
Forerunner Ventures partners with founders to build category-defining companies at the intersection of technology and human behavior, focusing on emerging consumer demands.
What's next for Away?
Following its latest major strategic investment, Away is positioned to further optimize its supply chain and enhance its omnichannel retail strategy. The company's lifecycle stage, characterized by significant enterprise-level funding, suggests a focus on long-term brand equity and international market penetration. As the travel industry continues to evolve, Away is expected to leverage its substantial capital reserves to innovate its product offerings and maintain its status as a category-defining leader in the travel and lifestyle space.
See full Away company page
