Away Raises $100 Million for Expansion Beyond Selling Luggage
Skift Take
Away has so far managed the tricky transition to brand extensions beyond suitcases. The established travel goods industry will be watching with envy if the startup can continue to pull off its empire-building.
Luggage maker Away has raised $100 million in new funding.
Wellington Management led the round, which placed a $1.4 billion valuation on the travel goods retailer. The funding brought the New York-based startup's total equity funding to $156 million since its founding in 2016.
Away sold $150 million in luggage and other products in 2018. It has a goal of doubling its revenues this year.
Jen
