Away

Away

Designs and sells high-quality luggage

About Away

Simplify's Rating
Why Away is rated
C
Rated D+ on Competitive Edge
Rated B on Growth Potential
Rated C on Rating Differentiation

Industries

Consumer Goods

Company Size

501-1,000

Company Stage

Late Stage VC

Total Funding

$210.1M

Headquarters

New York City, New York

Founded

2015

Overview

Away designs and sells high-quality luggage and travel accessories aimed at modern travelers who appreciate both functionality and style. Their products include suitcases, bags, and various travel accessories that are practical yet aesthetically pleasing. Away operates on a direct-to-consumer model, selling products through their website and physical stores in major cities, which allows them to control the customer experience and offer competitive prices. They provide a 100-day trial period, free shipping, and returns to enhance customer satisfaction. Away has expanded its reach to several countries and also targets corporate clients through a gifting program. The company's goal is to transform the travel goods market by combining style and functionality while maintaining a strong focus on customer service.

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Simplify's Take

What believers are saying

  • Away recognized as one of Fast Company's 'World's Most Innovative Companies'.
  • Growth in corporate gifting market expands Away's market reach.
  • Increased demand for compact and lightweight luggage benefits Away's product offerings.

What critics are saying

  • Departure of key executive Mark Chou may impact leadership stability.
  • Competitors launching TSA-compliant products could erode Away's niche market advantage.
  • Significant discounts may impact perceived brand value and pricing strategy.

What makes Away unique

  • Away offers a 100-day trial period, enhancing customer satisfaction and loyalty.
  • Direct-to-consumer model allows Away to maintain control over customer experience.
  • Away's products combine functionality and style, transforming luggage into a statement piece.

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Funding

Total Funding

$210.1M

Above

Industry Average

Funded Over

6 Rounds

Notable Investors:
Late VC funding comparison data is currently unavailable. We're working to provide this information soon!
Late VC Funding Comparison
Coming Soon

Benefits

Medical, dental & vision insurance

Life and AD&D insurance

401(k) with a company match

Flexible spending, health savings & commuter benefits

PTO

Paid Parental Leave

Short & Long-term disability

Product stipends and recognition awards

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
Back to the Bay
Apr 2nd, 2024
Home and Away previews Leah and Justin's wedding in 52 photos

Home and Away has released brand new photos of Leah and Justin's wedding, which airs on Australian screens next week.

SGB Media
Nov 15th, 2023
Swiftwick appoints new CEO, adds Board Members

Swiftwick, the U.S. manufacturer of performance socks, hired former Away executive Mark Chou as CEO.

Good Housekeeping
Aug 30th, 2023
Shop Away's First-Ever Labor Day Sale for up to 35% off Suitcases and Travel Gear

Thanks to its near-perfect marriage of form and function, Away has been ranked among the best luggage brands on the market by the Good Housekeeping Institute for years.

Essence
Aug 1st, 2023
Away redesigned their Classic suitcases just in time for your next trip

Away has just released a new line of luggage, but if it looks familiar to what you know and love from the company, you’re not confused.

Truevo
May 11th, 2023
Equip Your Online Travel Business For Ecommerce Sales

Well-known brands like Away and Alleyoop have launched TSA-compliant products to fill a niche that will give them a competitive advantage.

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