Kinnevik AB today announced that it has invested SEK 443m in GoEuro, the leading booking platform for transport across Europe.
The Swedish technology investor said in a statement that the investment was made in partnership with Temasek, the Singapore based investment company.
GoEuro is a travel platform that allows customers to find and book trains, buses and flights across Europe. Partnering with over 800 European transport operators, GoEuro is revolutionising the travel planning experience, providing customers with more choice, transparent pricing and easier booking. Today, GoEuro sells tickets directly for more than 80% of its transport providers, offering ground and air travel options in 36 countries across Europe, with full product in 15. It has more than 27 million users every month, with three quarters of users on mobile.
Georgi Ganev, CEO of Kinnevik commented:
“We are excited to lead this funding round in GoEuro, together with Temasek. GoEuro has made the travel comparison and booking experience seamless for millions of travellers, and it resonates perfectly with Kinnevik’s investment strategy of providing more and better choice to the consumer. I look forward to supporting Naren and his team as they continue to grow the business.”
Naren Shaam, Founder and CEO of GoEuro, said:
“The investment by these outstanding firms is a testament to our team’s hard work to build the leading booking platform for transport in Europe and a recognition of the tremendous growth opportunities we see ahead. Having Kinnevik, Temasek and Hillhouse as investors complements our vision for driving growth across our business, as we help people around the world book their travel more easily and quickly. “