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…