Distribusion, a Berlin, Germany-based B2B ground transportation marketplace, raised $80M in Series C funding.
The round was led by TQ Ventures, with participation from existing investor Lightrock.
The company intends to use the funds to accelerate global expansion and to invest in technology for advanced retailing capabilities for its 2,000+ carriers and retailers and the millions of travellers they serve.
Led by CEO Dr. Thomas Doering, Distribusion is a provider of technology solutions in ground transportation, connecting bus, rail, ferry and public transport providers worldwide to a global network of travel retailers. The platform connects major travel retailers like Google, Alipay, and Booking.com with carriers including Deutsche Bahn, SNCF, Trenitalia, National Express, and Amtrak. Its standardisation layer enables online retailers to sell tickets for any carrier through an API, eliminating the need for individual contracts or technical efforts.
Distribusion operates globally with a presence in 70 markets, with the majority now outside Europe.
FinSMEs
26/09/2024