Business

Bus-ticket booking service Busbud catches on in 10,000 cities, raises $9M

Above: Any idea where this bus is going? Would you like to know?

Image Credit: Ian Fuller
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Montreal-based bus-ticket booking company Busbud has pulled in $9 million in a Series A round of funding, it announced today.

Busbud allows travelers to find bus operators in their area and buy tickets through Busbud.com or its free mobile app. LP Maurice, a Harvard Business School graduate, came up with the idea for Busbud in 2011 and started the business with friends Mike Gradek and Frederic Thouin.

“Busbud is already in 10,000 cities working with about about 1,500 bus companies. We would like to expand that to ideally 20,000 or 25,000 cities and probably 4,000 or 5,000 bus companies,” said David Golden, managing partner for Busbud investor Revolution Ventures.

The company now operates in 89 countries to provide scheduling information and booking options to Busbud.com users. It is most prominent in Europe and the Americas and picked up quite a bit of new following due to the World Cup in Brazil.

“It’s easy to find and book plane tickets on sites like Expedia or Kayak,” said Maurice, who is the company’s CEO. “Booking bus tickets online is a whole other story.”

Busbud has grown from five employees to more than 30 over the past 18 months, Golden stated.

The funding round was led by OMERS Ventures and Revolution Ventures, venture capital investment firms. Real Ventures and iNovia Capital, two venture capital companies that had participated in an initial $1.2 million round of funding in May 2013, also contributed to the Series A round.

“Busbud will be spending the money on technology, engineers, and engineering talent,” said Golden. “Secondly, it will be [investing in] a sales and marketing effort.”

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7 comments
Jaya Vamshi
Jaya Vamshi

everyone boasting like clickbus , like busbud etc. but the point is clickbus founded in 2013, busbud in 2011 , and redbus (india) was founded in 2006.... so better find a proper comparisons(for the commenters here)  


Anderson Smith
Anderson Smith

Cool post very informative. I just found your site  and read through a few posts although this is my first comment, i'll be including it in my favorites and visit again for sure

Gokul Nk
Gokul Nk

redBus does a neat job for India. Special credits to the guys, as this sector was a highly unorganized one in India.

Yannick Boucher
Yannick Boucher

Now THAT I can get behind. Still sorely needed in many countries, and simply adds a layer of value over existing businesses, instead of trying to rule, arrogantly, by using legal loopholes and black cars.

Andrew Stover
Andrew Stover

I lived in NYC for two years, and I still have no idea how the bus system works.

Ryan M Bertoldi
Ryan M Bertoldi

Clickbus in Europe...or Meinfernbus..orrr any of the number that already exist.