German transportation booking platform GoEuro has landed a whopping $150 million funding round led by Kinnevik AB and Temasek, with participation from Hillhouse Capital. The current round nearly doubles the total amount raised by the company since its launch 2012. Despite its name, GoEuro already offers transportation options beyond the European borders and is planning to use the fresh funding to expand into new markets.
Started as a meta-search engine for bus, train, and airline tickets across Europe, GoEuro has grown into a booking platform, which means that in most cases users can purchase their tickets without leaving the website. The company stated that it directly sells tickets for 80 percent of its transport providers.
GoEuro currently has 27 million monthly users, three quarters of whom access the platform from a mobile device. It offers ground and air transportation tickets in 36 countries. The company has recently made its first acquisition by purchasing the European transport aggregator BusRadar based in Karlsruhe, Germany.
Cristina Stenbeck, the main shareholder of Kinnevik and a member of the boards of Kinnevik and Spotify, will join GoEuro’s board of directors as part of the transaction.