Luggage Startup Away Raises $20 Million: Travel Startup Funding This Week
Skift Take
The co-founders of luggage maker Away are seeing surprisingly good early results by applying the direct-to-consumer model that Warby Parker championed in eyewear. Also this week: Short-term rental platform Favstay attracted more than $2 million in funding.
Each week we round up travel startups that have recently received or announced funding. The total raised this week was more than $22 million.
>>Away, a luggage maker based in New York, has raised $20 million in Series B funding. Past investors participated again, including Forerunner Ventures, Accel Partners (who led Away's Seed round), and Global Founders Capital (who led Away's Series A), and Comcast Ventures.
This round brings Away’s total funding to $31 million.
Steph Korey, co-founder and CEO, says the company has sold $20 million in luggage — shipping 100,000 bags — since its founding in February 2016.
It aims to keep costs down by selling directly to c
