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The Founders Of The Luggage Startup Away, Steph Korey And Jen Rubio, Are Worth $130 Million Each After Recent Fundraise

When luggage startup Away reached a valuation of $1.4 billion yesterday, it was a big win for founders Steph Korey and Jen Rubio. The duo, both 31 and alumni of Warby Parker, each now have a stake in the fast-growing business that Forbes estimates at some $130 million. At that level, the two are now worth watching for Forbes' Self-Made Women list, which profiles the country’s wealthiest self-made women. "That's cool," Korey said. Forbes profiled Korey and Rubio last fall after New York City-based Away made Forbes' 2018 Next Billion-Dollar Startups list. At the time, the company was on track to do $150 million in revenue for 2018 and was valued at $700 million. “The valuation doubling is not too complicated,” Korey said. “The business doubled.” Away is now on track to reach $300 million in revenue for 2019. It turned profitable in 2017, a year after it launched its first product.

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