Berlin-based travel tech startup Distribusion has raised €6 million (about $8.7 million) in a series A funding round from Northzone, Creandum, and HR Ventures.
Travel industry-focused angels Thomas Döring, Chris Hitchen, Richard Chen, Bo Mattsson, and Marc Mogalle as well as existing investor Frühphasenfonds Brandenburg also participated in the round.
The startup develops a B2B global distribution system (GDS) for intercity bus rides, connecting bus operators with travel resellers. It claims to have provided two million bookable rides for more than 60 bus operators in 25 countries.
It plans to use the funding to further develop its technology and triple its teams at its Berlin and Bonn offices to drive expansion into South America and Southeast Asia.
“Distribusion is revolutionizing intercity bus travel. With its innovative technology and business model serving both bus operators and travel agents, the company in a strong position to take on the fragmented intercity bus market globally,” said Tim He from Northzone.
“I have been hugely impressed with what they have achieved to date, and I am delighted to be partnering with their ambitious management team.”
“Considering the high interest in this round, with Creandum and Northzone we are excited to win two of Europe’s most successful investors for our mission. With their support, we will be able to grow our team and to roll out our business on a global scale,” added Julian Hauck, Distribusion CEO.
The startup previously raised a seven figure seed round last August.
This post originally appeared on tech.eu.
The rapidly growing intercity bus market presents the travel industry with new challenges. It is our goal to be the leading technology innovator. We want to make booking an intercity bus tic... All Distribusion news »