Berlin-based Omio, the travel platform formerly known as GoEuro, has raised $100 million in a late stage convertible note. Existing investors Temasek, Kinnevik, Goldman Sachs, NEA and Kleiner Perkins joined the round, as well as some unnamed newcomers. The capital will help the company thrive through the coronavirus pandemic, when the travel sector has taken — and is still taking — a hit.
Launched in 2013, the multimodal travel platform includes train, bus, flights, ferries, rental cars and car sharing across 37 countries in Europe and Northern America. Now with $400 million in funding under its belt, Omio is well positioned to buy up other traveltech businesses that might be struggling and says it’s considering potential M&As.