About Away
Away is a company based in Austin (United States) founded in 2015 by Jen Rubio.. Away has raised $181.15 million across 6 funding rounds from investors including Accel, Baillie Gifford and Wellington. Away offers products and services including The Carry-On, The Everywhere Bag, and Active Hanging Toiletry Bag. Away operates in a competitive market with competitors including Bluesmart, Monos, eBags, Samsara Luggage and Baboon, among others.
- Headquarter Austin, United States
- Founders Jen Rubio
- Stage Unicorn
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Sectors
RetailTravel & Hospitality
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Email
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Phone
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Website
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Social
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Annual Revenue
$1.42 M (USD)-4as on Dec 31, 2020
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Net Profit
$-429.38 K (USD)-386as on Dec 31, 2020
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EBITDA
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Total Equity Funding
$181.15 M (USD)
in 6 rounds
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Latest Funding Round
$100 M (USD), Series D
May 14, 2019
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Investors
Accel
& 15 more
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Employee Count
Employee Count
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Products & Services of Away
Away offers a comprehensive portfolio of products and services, including The Carry-On, The Everywhere Bag, and Active Hanging Toiletry Bag. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Compact suitcase for air travel with smooth wheels.
Versatile bag for daily and travel use.
Organized bag for toiletries during trips.
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Software Development Team
19 people
Product Management Team
18 people
Leadership Team
12 people
Sales and Marketing
9 people
Legal and Compliance
4 people
Senior Team
3 people
Manager Team
3 people
Human Resources and Administration
3 people
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Funding Insights of Away
Away has successfully raised a total of $181.15M across 6 strategic funding rounds. The most recent funding activity was a Series D round of $100 million completed in May 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series D — $100.0M
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First Round
First Round
(10 Apr 2015)
- Investors Count 16
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2019 | Amount | Series D - Away | Valuation | Wellington | |
| Jun, 2018 | Amount | Series C - Away | Valuation | Forerunner Ventures , Comcast Ventures |
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| May, 2017 | Amount | Series B - Away | Valuation | Forerunner Ventures , Comcast Ventures |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Away
Away has secured backing from 16 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Accel, Baillie Gifford and Wellington. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Long/short and long-only strategies are employed by the hedge fund.
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Founded Year | Domain | Location | |
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Venture capital firm focused on early-stage startups
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Founded Year | Domain | Location | |
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Early-stage investments are directed toward tech startups by Forerunner Ventures.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Away
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Away
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Away Comparisons
Competitors of Away
Away operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Bluesmart, Monos, eBags, Samsara Luggage and Baboon, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provides smartphone-controlled suitcases.
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| domain | founded_year | HQ Location |
Smart luggage bags and accessories are provided by Monos.
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| domain | founded_year | HQ Location |
Luggage and travel accessories are retailed online by eBags.
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| domain | founded_year | HQ Location |
Internet-first brand of aluminium smart suitcase
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| domain | founded_year | HQ Location |
Internet-first brand offering bags
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Away
Frequently Asked Questions about Away
When was Away founded?
Away was founded in 2015.
Where is Away located?
Away is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Who is the current CEO of Away?
Jen Rubio is the current CEO of Away. They have also founded this company.
Is Away a funded company?
Away is a funded company, having raised a total of $181.15M across 6 funding rounds to date. The company's 1st funding round was a Series B of $20M, raised on Apr 10, 2015.
What is the annual revenue of Away?
Annual revenue of Away is $1.42M as on Dec 31, 2020.
What does Away do?
Away was founded in 2015 and is headquartered in Austin, United States. Travel gear solutions are provided via an online platform, encompassing luggage, bags, and accessories. These items are engineered for durability and functionality to address diverse travel requirements. Operations focus on the consumer goods sector, with products distributed primarily through e-commerce channels in North America.
What products or services does Away offer?
Away offers The Carry-On, The Everywhere Bag, and Active Hanging Toiletry Bag.
Who are Away's investors?
Away has 16 investors. Key investors include Accel, Baillie Gifford, Wellington, Lone Pine Capital, and Global Founders Capital.
What is Away's valuation?
The valuation of Away is $1.4B as of May 2019.