Away operates as an e-commerce platform. The company focuses on travel-related products such as travel bags, luggage, travel accessories, and more. It was founded in 2015 and is based in New York, New York.
Research containing Away
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Away in 2 CB Insights research briefs, most recently on Feb 21, 2023.
Expert Collections containing Away
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Away is included in 4 Expert Collections, including Direct-To-Consumer Brands (Non-Food).
Direct-To-Consumer Brands (Non-Food)
Startups selling their own branded products directly to consumers through owned e-commerce channels, rather than relying on department stores or big online marketplaces.
Companies that sell goods online (B2C), or enable the selling of goods online via tech solutions (B2B).
Unicorns- Billion Dollar Startups
Travel Technology (Travel Tech)
The travel tech collection includes companies offering tech-enabled services and products for tourists and travel players (hotels, airlines, airports, cruises, etc.). It excludes financial services and micro-mobility solutions.
Latest Away News
Sep 19, 2023
Heinemann is back at Düsseldorf Airport, and beauty could be the richer for it. The Hamburg-based global duty-free operator officially opened four stores at Germany’s fourth-busiest airport on September 7, covering a total area of around 3,700 square meters. Heinemann had a 20-year relationship with airport owner and landlord Flughafen Düsseldorf for 20 years from 1992 until the end of 2012, after which Dufry snatched away the concession. Having won the contract back a year ago , the Hamburg company will not easily let it go again, key to which will be tightening its re-established relationship with the gateway and taking the retail offer to a new level. Beauty is a core category for the travel retailer; it accounted for just over one-third of the company’s total revenue of €3.8 billion in 2022. Undelining its ambitions in this product segment, Heinemann recently took a 50% stake in fragrance distributor Nobilis Group, which operates in German-speaking markets. At Düsseldorf Airport, perfumes and cosmetics are also in the limelight. The core non-Schengen shop in Pier C—modeled after Düsseldorf’s famous boulevard Königsallee. nicknamed the Kö—has a large assortment of premium brands, with Chanel, Dior, and Lancôme having their own personalized areas. Bringing in Trending Social Media Brands But the more novel aspect of the Düsseldorf revamp is the “Test & Learn” pilot, a space where the retailer can trial smaller and niche brands, whether local, regional, national, or international, and gauge their popularity. Heinemann said that some of these new brands “are known only on social media so far.” The company added in a statement: “They will have the opportunity to present their products to travelers for a limited period of time, giving them an in-road into the travel retail market. For shoppers, this is a genuine highlight.” Beauty has a strong presence in this multi-category space, and initial showcase brands include “science-first” Niche Beauty Lab , “ultra-pure” natural cosmetics label The Glow , and acne-targeted Acnemy. According to Heinemann, these products are not usually found in travel retail, or only available in a very limited number of locations. Gordana Schiel, Managing Director of Heinemann Düsseldorf, commented: “The new shops and their range of products are a testament to the strong connection to Düsseldorf and its surrounding areas. They are partly stocked with in-vogue brands (but) another of our goals is to attract new target groups, such as Millennials and Gen Z, with social-media-driven brands to change their perception of duty-free shopping as an outdated pastime.” Lars Redeligx, CEO of Düsseldorf Airport, added: “The new shops at our airport are proof of how the future of travel retail is being successfully shaped.” Düsseldorf Airport is not a Lufthansa hub, but it processed just over 16 million passengers in 2022, making it Europe’s 31st busiest airport (that ranking includes big airports in Moscow and St. Petersburg in western Russia). Traffic in 2019 reached 25.5 million passengers, and numbers are climbing back. The airport is also the gateway to the Rhine-Ruhr Region, the third-largest economic center in Europe (source: Eurostat) while the city itself is considered the eighth richest (by GDP) among 108 urban districts in Germany (source: Federal Statistical Office) making it a location with plenty of potential. ×
Away Frequently Asked Questions (FAQ)
When was Away founded?
Away was founded in 2015.
Where is Away's headquarters?
Away's headquarters is located at 82 Mercer Street, New York.
What is Away's latest funding round?
Away's latest funding round is Convertible Note.
How much did Away raise?
Away raised a total of $181.1M.
Who are the investors of Away?
Investors of Away include Wellington Management, Baillie Gifford & Co., Global Founders Capital, Lone Pine Capital, Comcast Ventures and 8 more.
Who are Away's competitors?
Competitors of Away include July and 5 more.
Compare Away to Competitors
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