Distribusion, a startup supported by EIT Digital, raises 6 million Euros
EIT Digital is proud to announce that one of its supported startups, Distribusion, the leading distribution system for intercity bus and shuttle rides, has just raised an investment of 6 million Euros.
In 2012, Julian Hauck and Johannes Thunert launched Distribusion, a B2B travel tech venture to make booking an intercity bus ticket as easy as booking a flight. Since then, Distribusion has brought more than 100 intercity bus operators on board throughout 25 European and Asian countries. It now provides 2 million bookable rides to online resellers with more than 10 million unique visitors per month and to 4,000 travel agencies worldwide. This makes the company the largest distribution platform for intercity bus rides, on an estimated global market of 72 billion Euros.
'We are proud to have helped this pan-European company in its fundraising, hence accelerating the global deployment of this online bus reservation platform', said Daniel Michel, Head of Access to Finance at EIT Digital.
A couple of months later, Distribusion closed a 6 million Euro fundraising round with Northzone, Creandum, existing seed investors HR Ventures and Frühphasenfonds Brandenburg as well as travel industry specific Business Angels.
'With this financial support, we will be able to grow our team and roll out our business on a global scale', said Julian Hauck, CEO of Distribusion.
The new funding will be used to accelerate the product and technology development and to ramp up the acquisition and integration of new bus operators and resellers. In addition, Distribusion will push market coverage across Europe and expand its business operations to the major intercity bus markets in South America and Southeast Asia. No doubt that EIT Digital Accelerator will continue to help them. Want to take a ride?
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