GoEuro.com, a travel search platform, announced the closure of a Series B funding round totalling $45 million, led by Goldman Sachs.
New investors including Atomico, Yuri Milner and Tom Stafford, Sebastian Siemiatkowski (Klarna) and Ilkka Paananen (Supercell) also joined in the funding round.
GoEuro is addressing a market where over €150 billion is spent yearly on travel across Europe, thereby creating a single, unified source of information for consumer travel needs.
Naren Shaam, Founder and CEO of GoEuro, said: “This new investment is a huge endorsement to the progress we have made since our launch two and a half years ago. It will allow us to further accelerate our growth, and continue to build the most comprehensive platform for rail, bus and air travel in Europe – making tens of thousands of destinations easily accessible for travellers from all over the globe.”
The additional funding will enable the company to accelerate its growth through 2016
Christopher Dawe, Co-Head of Goldman Sachs IP Private Investments, commented, “With over 50, train and coach stations across Europe, yet no online solution to search and book travel in a similar manner to what already exists within the airline industry, we see a tremendous opportunity to fill the void by building the leading multi-modal travel platform.”
GoEuro now operates in a contiguous area of 11 countries across Europe.
GoEuro is a travel search platform that allows customers to search and book rail, bus and air transport across Europe. Partnering with over 340 European transport operators, GoEuro revolutionises the travel planning experience, providing customers with more choice, transparent pricing, travel times and easier booking.