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Internet Luggage Brand Away Gets $8 Million 500 Thousand A Round Of Financing

2016/9/13 10:21:00 65

LuggageBrandAway

Internet

Trunk

brand

Away

Global Founders Capital was awarded $8 million 500 thousand in A round financing.

Coupled with the $2 million 500 thousand seed financing granted in August last year, Away has raised $11 million in total.

The participants of the current round of financing include the existing investors Forerunner Ventures, Accel Partners, Comcast Ventures, and the new Barry Barry Sternlicht, which is the founder and Starwood Capital Group board chairman of the Starwood hotel.

The company said that the famous musicians such as Jay Z, Andy Bonobos, founder of Internet menswear brand, Internet personal care brand The Honest Co. co founder and CEO Brian Lee, red hat brand accelerator, and socks brand investors, such as investors and other celebrities, also participated in the current round of financing.

(see related reports: socks also have big VC pursuit! Stance financing $50 million to enter the underwear market.)

Away waterproof hard shell suitcase is made from polycarbonate produced by Bayer in Germany with a total weight of 7.2 pounds in the trunk.

Polycarbonate is a kind of material with high strength and high impact resistance.

Away can become a "dark horse" in the luggage industry. It also has many contributions to the intimate design and intelligence function.

If you can install convenient bags for laptop, you can install laundry bags for dirty clothes.

The suitcase has a removable 10000 Ma built-in battery with two USB interfaces.

Away said the financing will help companies expand online and store businesses in the US and overseas.

Away has opened a guerrilla store in Manhattan in summer.

At present, an experiential retail concept store in Losangeles will be extended to London and Berlin later this year.

Global Founders is Europe's leading Internet incubator and investment company Rocket Internet under the venture capital sector, the investment target for the world's leading brands.

"Our goal is to invest in our visionary founders, using our expertise in global operations to help them expand their company size," said Ludwig Ensthaler Ensthaler, of Global Founders.

Ludwig Endthaler will join the Away board.

Eurie Kim of Forerunner Ventures is also a member of the board of directors of Away.

The company's two co founders, Jen Rubio and Stephenie Korey, were employees of the famous Internet glasses brand Parker Warby.

Stephenie Korey said: "we adopt the same direct selling mode as Warby Parker and the Internet mattress brand Casper, and sell the same quality products on the market with 500 dollars or even more than $1000."

Away's first product, the Carry-On, is on sale in February this year, priced at $225.

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