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Away, founded in 2015 and headquartered in New York, is an e-commerce platform specializing in travel products such as suitcases, bags, and accessories. The company has quickly established itself as a prominent player in the travel industry, offering innovative luggage solutions for modern travelers.
Since its inception, Away has demonstrated impressive growth and attracted significant investment. The company has successfully raised $181.1 million across multiple funding rounds, with its last known valuation reaching $1.4 billion in 2019 during its Series D round. This substantial valuation places Away in the coveted "unicorn" category of startups.
Away's leadership team boasts extensive experience in retail, e-commerce, and consumer goods, with executives previously working at companies like Target, Lululemon, and Amazon. This wealth of industry knowledge has likely contributed to the company's rapid expansion and market penetration.
While there is currently no official news regarding Away's IPO prospects, the company's strong financial backing and growth trajectory have led to speculation about its future plans. However, it's important to note that any discussions about a potential IPO remain purely speculative at this time.
Several factors could influence Away's decision to go public, including market conditions, the company's financial performance, and its long-term strategic goals. The travel industry's recovery post-pandemic may also play a role in any future IPO considerations. As with any private company, investors interested in Away will need to wait for official announcements regarding any potential public offering.
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While Away's IPO prospects remain uncertain, investors eager to gain exposure to innovative travel and lifestyle brands don't have to wait. At Linqto, we offer members access to interests in pre-IPO private companies, including potential leaders in the travel and consumer goods sectors. Our platform allows you to diversify your portfolio with lower minimum investments in emerging industry leaders, potentially benefiting from their growth before they go public.
*These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO. The information provided above is based on current online discussions and is not intended as investment advice. Linqto does not endorse or guarantee the accuracy of this information, and we strongly recommend conducting your own research or consulting with a professional advisor before making any investment decisions. Linqto cannot be held liable for any investment outcomes resulting from the use of this information.
