Kinnevik leads $150m round for GoEuro

Singapore-based investment firm Temasek also took part alongside Chinese investor Hillhouse Capital.

The round more than doubles the capital raised by the company to date and will be used to accelerate product innovation and expand into new markets.

It is Kinnevik's second travel booking investment in a week after it announced that it had led a $44m series-C funding round for Barcelona-based TravelPerk.

Kinnevik's Cristina Stenbeck will take a seat on GoEuro's board. Stenbeck was chairman until 2016 of Zalando, a Berlin-based online fashion retailer that Kinnevik first backed in 2009 and floated at a market cap of €5.9bn in 2014.

GoEuro recently completed its first acquisition, acquiring Karlsruhe-based transport aggregator BusRadar.

Previous funding
Battery Ventures and Hasso Plattner Ventures took part in GoEuro's seed round in 2013, injecting $4m into the company.

Lakestar and New Enterprise Associates joined the existing syndicate in 2014 to provide the business with a $27m series-A, by which time the company employed 60 people and was active in seven countries.

The company's headcount had grown to 180 by the time Goldman Sachs led the company's $45m series-B in 2015, alongside new investor Atomico Ventures and all previous backers.

Finally, US-based VC firms Silver Lake Partners and Kleiner Perkins led a $70m series-C prior to the current round. The company employed 180 people at the time of the series-C.

Company
Founded in 2012 and based in Berlin, GoEuro is a travel platform that allows customers to search and book trains, buses and flights across Europe. It partners with 800 European transport operators and offers travel in 36 European countries. The company has 300 employees.

People
Kinnevik – Cristina Stenbeck (board member).
GoEuro – Naren Shaam (CEO).

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