What do people actually want in luggage? A phone charger, unbreakable exterior, and maximum packing space at a resonable price is what Away discovered. So it built a line of sleek but expansive polycarbonite suitcases equipped with battery packs, and sold them direct-to-consumer. Now after selling nearly 100,000 suitcases and generating $20 million in revenue, Away has raised a $20 million Series B led by existing investor Global Founders Capital plus Forerunner Ventures, Comcast Ventues, and Accel

Travel-gear startup Away is expanding its brick-and-mortar presence, an increasingly common business strategy for e-commerce ventures. Like Warby Parker, where some of the company’s founders previously worked, Away has a direct-to-consumer sales approach. After shipping 100,000 suitcases since February 2016, the company is gearing up to expand into other travel-related goods. To fuel those capital-intensive efforts, Away said it has raised $20 million in a Series B funding from existing investors. Global Founders Capital, which led the company’s Series A less than a year

I recently reported on luggage brands making products with an eye to both quality and fashion. Away, which launched in 2015 and has already sold 50,000 suitcases, just released a limited-edition collection made in collaboration with British brand Pop + Suki.

At the Away store in New York, Steph Korey glides through a demonstration of a light blue suitcase—the phone charger on its strong polycarbonate shell, the small nylon bag to separate dirty clothes from clean, the mesh that separates compartments, the compression pad that keeps stuff compact... But that's all Korey really has to say about the bag by the luggage brand she co-founded last year. The minimalist luggage that's generated such buzz since it hit the market last year has no lengthy features list for sales people to rattle off.

teph Korey and Jen Rubio met working at eyewear unicorn Warby Parker, where they were among the first 15 employees, so they’re no strangers to explosive e-commerce growth. It’s a good thing, too, as the first run of their minimalist, thoughtfully-designed suitcases sold out before they even made it back from the manufacturer.

Luggage retailer Away has raised $8.5 million to take its suitcase sales and retail stores abroad. Founded by former Warby Parker executives, the New York company makes sleek, hard-shell suitcases with a built-in battery for tech-savvy travelers. Global Founders Capital, the venture arm of Germany’s Rocket Internet SE, led the Series A round. Forerunner Ventures, Accel Partners, Comcast Ventures and Starwood Hotels founder Barry Sternlicht participated in the funding.

If you have dreams of one day launching your own startup, the idea of getting an MBA may have crossed your mind. After all, business schools are great at explaining how successful companies got off the ground and providing networking opportunities so you can connect with potential investors and cofounders. That's probably why U.S. Department of Education data indicates that the MBA is the most popular graduate degree. But Jen Rubio and Steph Korey, who founded the luggage brand Away last year, would encourage you to give business school a miss. "I actually got an MBA from Columbia," Korey tells Fast Company. "But it was—truthfully—less helpful than startup grad school."