VC-backed Flixbus buys Hellö

Flixbus is owned by a consortium of VC firms – General Atlantic is thought to be holding the largest stake at around 35%. Holtzbrinck Ventures, Silver Lake, UnternehmerTUM and Daimler Mobility also invested in the company's previous funding rounds.

General Atlantic, Holtzbrinck and Silverlake committed extra capital thought to be in the region of $75-100m for strategic acquisitions in December 2016.

From August 2017, all Hellö travel lines will be integrated into Flixbus's offering. Around 20 million people used Flixbus in 2015 according to a company statement; the company expects a 50% increase in 2016.

Company
ÖBB started its long-distance bus service in October 2015 and in summer 2016 began marketing its international lines as Hellö. Hellö buses connect to several international destinations in Germany and Italy.

People
Flixbus – Jochen Engert (CEO).

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• Topics
• Portfolio management
• DACH
• Consumer
• General Atlantic
• Austria
• Holtzbrinck Ventures
• Silver Lake - London
• Build-up