Away Raises $50 Million To Expand U.S. Store Footprint, Global Reach

Away, a direct-to-consumer luggage retailer, has raised $50 million in a Series C funding round, bringing the company’s total funding to $81 million. Existing investorsGlobal Founders Capital, Forerunner Ventures and Comcast Ventures led the round.

With the funding, Away plans to:

  • Expand its U.S. physical retail footprint with six new stores by the end of 2018. Away has four locations, in New York, Los Angeles, San Francisco and Austin, Texas;
  • Extend to new global markets and expand its product line;
  • Build on its existing social impact efforts (through its partnership with Peace Direct and through new initiatives); and
  • Create 249 new jobs over the next five years, transitioning the team into a new 56,000-square-foot global headquarters in New York City.

Away launched in February of 2016 with an initial investment of $2.5 million and one product, The Carry-On. Co-Founders Jen Rubio and Steph Korey set out to create “first-class luggage at a coach price” while focusing on customer…