GoEuro Raises $150 Million for Transportation Search: Travel Startup Funding This Week
Photo Credit: Naren Shaam, CEO and founder of GoEuro, has led his online travel agency to a $150 million funding round. The company offers plane, bus, and rail tickets side-by-side. GoEuro
Skift Take
Naren Shaam, CEO and founder of GoEuro, is earning kudos for his vision of making transport booking seamless. Top-tier investors are once again supporting his startup's growth.
Travel Startup Funding This Week
Each week we round up travel startups that have recently received or announced funding. Please email Travel Tech Reporter Justin Dawes at [email protected] if you have funding news.
This week the total funding publicized was more than $175 million.
>>GoEuro, an online travel agency that offers plane, bus, and rail tickets side-by-side, raised $150 million. The database service Crunchbase describes the latest round as a Series D, but GoEuro hasn't labeled its recent fundings.
Kinnevik, a publicly held technology investment firm based in Sweden, and Temasek, Singapore's state-run investment company, led the round. The Berlin-based startup had previously raised $145 million. Past investors include Battery, Goldman Sachs, Kleiner Perkins Caufield & Byers, and Silver Lake.
The five-year-old company plans to use the fresh capital to add more transport choices for consumers and contemplate mergers and acquisitions. It recently acquired European transport aggregator BusRadar, based in Germany.
Since its last funding in October 2016, GoEuro has boosted the number of consumers who use it each month from 10 million to 27 million. More than 650 transport
