Away

This $48 million luggage startup has big plans for your next trip

Co-Founders:
Steph Korey, 29; Jen Rubio, 29
2016 Revenue:
$12 Million
Location:
New York City NY 
Founded:
2015
Employees:
66
Raised:
$31 Million

Steph Korey and Jen Rubio are a match made in airport heaven. After cutting their teeth at the direct-to-consumer juggernaut Warby Parker, the two young entrepreneurs turned their attention to the much-maligned travel business and launched Away. Founded in 2015, the direct-to-consumer luggage company aims to make getting out of town both stylish and cost effective. "The idea sprang from a broken suitcase," says Rubio, whose baggage malfunction turned a typical trek through an airport in Zurich into a nightmare travel story. "I did what a bunch of people our age do. I went on Facebook and asked: 'I need new luggage. Have any recommendations?'" The responses were tepid. That's when she realized the opportunity for Away and attempted to sell Korey on the idea, who at the time was at Columbia University elbow-deep in a dissertation about the potential for the direct-to-consumer business model. "There was definitely a need in the market for something that was well designed and well priced and had a thoughtful brand around it," says Rubio. The company, which has sold more than 100,000 suitcases, booked $12 million in sales in its first year and expects to quadruple that figure in 2017. --Diana Ransom

MORE COMPANY INFORMATION

Twitter:
@away