What is Away?
Founded in 2015 and headquartered in New York, Away has redefined the travel gear market by offering thoughtfully designed, durable luggage and accessories sold directly to consumers online and through its retail stores. The company's direct-to-consumer model allows for greater control over product quality and customer experience, fostering a strong brand identity. Away's product line, known for its minimalist aesthetic and functional features, has resonated with a broad consumer base, positioning it as a key player in the modern travel industry.
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 Accel, Jeff Kearl, Comcast Ventures, Compound, Brian Lee, Forerunner Ventures, Andrew Deitchman, and Andy Dunn
Series A (2016): $8.5M led by Accel Partners, Comcast Ventures, Forerunner Ventures, and Global Founders Capital
Series B (2017): $20M supported by Global Founders Capital, Comcast Ventues, Accel Partners, and Forerunner Ventures
Series C (2018): $50M featuring Forerunner Ventures, Global Founders Capital, and Comcast Ventures
Series D (2019): $100M backed by Wellington Management, Lone Pine Capital, 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, founded in 1999, is the venture capital affiliate of Comcast Corporation. Based in North America with offices in San Francisco, New York, Philadelphia, and Los Angeles, the firm focuses on investing in consumer, enterprise, and frontier technology companies. With a 20-year track record in the venture capital industry, Comcast Ventures has built a diverse portfolio of more than 130 companies across various sectors. The firm provides capital and strategic support to both B2B and B2C businesses, particularly those in technology, finance, and operations sectors. Comcast Ventures maintains a position among the top 10 most active corporate venture capital firms in the market.
Forerunner Ventures
Forerunner Ventures partners with founders to build category-defining companies at the intersection of technology and human behavior. They focus on identifying emerging technology trends and consumer demands to invest in innovative startups. Their portfolio includes companies like Chime, Hims & Hers, and Oura, which are transforming various industries such as finance, wellness, and health tracking. Forerunner Ventures aims to support businesses that redefine customer experiences and improve accessibility across different sectors.
Global Founders Capital
Global Founders Capital is a global early-stage investor that empowers gifted entrepreneurs by backing them from pre-seed to IPO. With a track record of supporting over five hundred entrepreneurs worldwide, including notable companies like Facebook and LinkedIn, GFC focuses on category-defining ventures. The firm provides operational support through its platform, assisting founders at all stages of growth. GFC is committed to supporting founders in all geographies, ensuring they have the resources needed to scale their businesses.
What's next for Away?
The recent major strategic investment signals Away's readiness for its next phase of development and market penetration. With a robust funding history, the company is well-positioned to further innovate its product offerings, expand its global retail footprint, and enhance its digital customer engagement strategies. This capital infusion is expected to fuel initiatives aimed at solidifying Away's brand leadership and exploring new verticals within the broader travel and lifestyle ecosystem. The company's trajectory suggests a focus on scaling operations and potentially exploring new product categories to meet evolving consumer demands.
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