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Illustration: Aïda Amer/Axios

Away, a luggage startup known for its "smart" suitcases, has raised between $30 million and $40 million in new funding, Axios has learned.

Why it matters: This could help bridge Away to the other side of the pandemic, which cut into the company's product sales by more than 90%.

Details: The round was structured as a convertible note, at a lower "cap" than the $1.45 billion valuation that Away received when it last raised funding in early 2019.

  • Investors were existing shareholders, including Baillie Gifford and Wellington Management.

Go deeper

Biden campaign says it raised record-breaking $364.5 million in August

Joe Biden in West Mifflin, Pennsylvania, on Aug. 31. Photo: Saul Loeb/AFP via Getty Images

Joe Biden's campaign, the Democratic National Committee and their joint fundraising committees together raised $364.5 million in the month of August, his campaign announced Wednesday.

Why it matters: The total is believed to be the most ever raised by a presidential candidate in a single month, likely driven in part by Biden's announcement on Aug. 11 that he had tapped Sen. Kamala Harris to be his running mate, according to the New York Times.

1 hour ago - Health

Nevada to impose insurance surcharge on unvaccinated state workers

Nevada Gov. Steve Sisolak. Photo: Ethan Miller/Getty Images

Nevada's Public Employees' Benefit Program Board voted Thursday to charge workers enrolled in public employee health insurance plans a surcharge of up to $55 a month if they're not vaccinated against COVID-19, the Las Vegas Review-Journal reports.

Why it matters: Nevada is the first state to announce such a move, per AP.

Oklahoma sues Biden administration over Pentagon vaccine mandate

Secretary of Defense Lloyd J. Austin testifies before a House Armed Services Committee hearing on Sept. 29 in Washington, D.C. Photo: Olivier Douliery/Pool via Getty Images

The state of Oklahoma filed a lawsuit against the Biden administration on Thursday in an attempt to block the enforcement of its vaccine mandate for federal employees.

Why it matters: The move comes one day after Defense Secretary Lloyd Austin denied Oklahoma Gov. Kevin Stitt's (R) request to exempt the state's National Guard from the mandate.