Silver Lake leads funding round for Flixbus

Existing shareholders General Atlantic and Holtzbrinck Ventures took part in the funding round. Prior to the deal, General Atlantic was reported to be holding the largest stake in the business, totalling 35%. According to local press reports, the GP will retain the largest minority stake following the latest round.

According to a statement, Flixbus aims to use the fresh capital to further its international expansion and its technology, including through strategic acquisitions. The company recently merged with Berlin-based competitors MeinFernbus in 2015 as well as Deutsche Post's coach service Postbus in August 2016. Moreover, Flixbus acquired UK-based business Megabus in June 2016.

Previous funding
In September 2013, Holtzbrinck, UnternehmerTUM and Daimler Mobility Services backed Flixbus, acquiring a minority stake.

More recently, General Atlantic led a funding round for two German bus travel operators, Flixbus and MeinFernbus, with plans to merge the businesses. Flixbus's existing investors also participated to the round.

Company
Headquartered in Munich, Flixbus was founded in 2011 and provides bus travel through partnership agreements with 250 coach management businesses. The company claims to have served 30 million passengers in 2016 across 20 European countries, including Germany, France, Italy, Austria and the Netherlands. According to press reports, the business has a headcount of 1,000.

People
Silver Lake – Simon Patterson (managing director).
General Atlantic – Jörn Nikolay (managing director).
Holtzbrinck Ventures – David Kuczek (general partner).
Flixbus – Jochen Engert, André Schwämmlein (co-founders).

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• Topics
• Expansion
• Consumer
• DACH
• Venture
• Germany
• Holtzbrinck Ventures
• General Atlantic