Away

Away is a US-based company specializing in high-quality travel products, including luggage and accessories designed to enhance the travel experience for consumers around the world. Founded in 2015 in New York, US, Away focuses on creating innovative travel solutions. The company was co-founded by Jen Rubio, who has experience in building brands. Away has successfully secured a total of USD 100 mn in Series D funding on May 8, 2019, led by Wellington Management, alongside Baillie Gifford, Lone Pine Capital, and Global Founders Capital.

This funding raised their current company valuation to USD 1,305. 01 mn. Away specializes in modern travel products that include a variety of luggage styles, such as the Carry-On and Bigger Carry-On with durable wheels and a limited lifetime warranty. Their product range also features backpacks, weekend duffles, and travel accessories like packing organizers and toiletry bags, catering to frequent travelers and families.

The company distributes its products across major markets, including the United States, Canada, and the United Kingdom. Away generates revenue primarily through direct-to-consumer sales of travel products, especially their flagship items like the Bigger Carry-On and the Everywhere Bag. They operate via an online platform and physical stores in key metropolitan areas, utilizing promotional sales to boost transaction volumes. Their pricing reflects the quality of their offerings, appealing to customers looking for stylish and durable travel solutions.

In May 2019, Away raised USD 100 mn in Series D funding, which is earmarked to support new product launches and expansion into additional international markets. The company plans to introduce new travel products and expand its presence in regions beyond North America, although specific dates and products have yet to be disclosed. This strategic infusion of capital aims to enhance product development and geographical outreach.