Distribusion Technologies, a Berlin, Germany-based global distribution system for intercity and shuttle bus products, raised €6m in funding.
Backers included Northzone, Creandum and HR Ventures as well as existing seed investor Frühphasenfonds Brandenburg as well as industry-specific business angels Thomas Döring, Chris Hitchen, Richard Chen, Bo Mattsson and Marc Mogalle.
The company intends to use the funds to accelerate product and technology development, to ramp up the acquisition and integration of new bus operators and resellers, to expand market coverage across Europe and business operations to the major intercity bus markets in South America and Southeast Asia.
Led by Founder and CEO Julian Hauck, Distribusion provides a platform that enables intercity and shuttle bus operators to connect to a wide-ranging worldwide reseller network of travel websites, OTAs, travel agencies mobility apps. The company provides 2 million bookable rides of more than 60 bus operators covering 25 countries to online resellers with more than 10 million unique visitors per month and to 4.000 travel agencies worldwide.
FinSMEs
18/03/2016