GoEuro Corp. announced that it has raised $45 million in its series B round of funding led by new investor Goldman Sachs Group, Merchant Banking Division on December 9, 2015. The transaction also included participation from new investors Atomico Investment Holdings Limited, Yuri Milner, Tom Stafford, Sebastian Siemiatkowski, and Ilkka Paananen, and existing investors Battery Ventures, New Enterprise Associates, and Lakestar Advisors GmbH, a fund managed by Hommels Holding GmbH. The company has raised a total of $76 million in funding to date.
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.”
Christopher Dawe, Co-Head of Goldman Sachs Investment Partners Private Investments, commented, “GoEuro has made impressive progress in bringing the last untapped market within the travel industry into the 21st century. With over 50k 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 Corp. operates as an online travel search engine for air, rail, bus, and car rental across Europe. The company was incorporated in 2011 and is based in Berlin, Germany