Canyon et al. in $650m series-G for FlixMobility

The latest round, which comprises both equity and debt, values the company at more than $3bn, which is significantly higher than the €2bn-plus valuation of the previous financing round in 2019.

The company will use the proceeds to fund future international growth and expansion plans with FlixTrain and FlixBus. The company plans to expand to the UK, Portugal and the US, which it sees as its largest market in the future, and to further expand its position in Turkey, France and Eastern Europe.

Previous funding
Unternehmertum Venture Capital Partners (UVC), LMU Entrepreneurship Center, HV Holtzbrinck Ventures and Cherry Ventures invested in the company's series-A in 2013. UVC made another investment in 2014, according to reports.

Holtzbrinck, UVC and General Atlantic invested in FlixMobility in 2014. They invested again in 2015, with General Atlantic taking a majority stake. That year, FlixBus merged with MeinFernbus.

Silver Lake Partners led a funding round in 2016 with participation from Holtzbrinck, H14, General Atlantic and automotive manufacturer Daimler.

Permira and TCV led a series-F for FlixMobility in July 2019, raising around €500m for the company, according to reports. A month later, BlackRock and other investors joined the consortium in a substantial series-F extension, investing at the same valuation.

Company
Founded in 2013 and headquartered in Munich, FlixMobility is a provider of bus and railway transport services and is the parent company of FlixBus and FlixTrain. It serves passengers in more than 30 countries.  

People
FlixMobility - Jochen Engert (founder, CEO); André Schwämmlein (founder, CEO). 

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• Topics
• Expansion
• DACH
• Consumer
• Germany
• Venture