New York/ Retail & Industry
Published on May 20, 2019
New York companies are pulling in venture capitalPhoto: Away/Facebook

New York-based business development and consumer company Away has secured $100 million in Series D funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced May 14 and led by Wellington Management.

According to its Crunchbase profile, "Away is a modern travel and lifestyle brand. We're a vertically-integrated company offering beautiful, high-quality luggage at an affordable price point. Away designs special objects for modern travel."

The four-year-old startup has raised four previous funding rounds, including a $50 million Series C round in 2018.

The round brings total funding raised by New York companies in travel and tourism over the past month to $121 million, an increase of $110 million from the month before. The local travel and tourism industry has seen 49 funding rounds over the past year, capturing a total of $6.5 billion in venture funding.

In other local funding news, electronics and trading platform company Trumid Financial announced a $60 million funding round on May 15, financed by Hillhouse Capital Group.

According to Crunchbase, "Trumid is a financial technology company bringing efficiency to credit trading through data, technology and innovative products. Trumid Market Center, the company’s electronic trading platform, provides corporate bond market professionals with direct access to liquidity and market intelligence. Trumid’s products leverage the network effect and data science to empower all credit market participants to make more informed decisions."

Founded in 2014, the company has raised four previous rounds, including a $60 million round in 2018.

Meanwhile, social media company Co–Star raised $5.2 million in seed funding, announced on April 15. The round's investors were led by Maveron.

From the company's Crunchbase profile, "Co–Star uses proprietary technology to create the personalized, social astrology experience for the 21st century. Nearly half of millennials believe in astrology, a framework that helps people connect with others in meaningful ways and a tool for self-reflection. And that number is rising proportionate to the decline of religion."

Co–Star last raised $750,000 in pre-seed funding in 2018.


This story was created automatically using local investment data, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.