VC-backed BlaBlaCar raises €101m, acquires Ouibus

BlaBlaCar also raised €101m in funding from SNCF and its existing investors. Accel, Insight Venture Partners, Vostok New Venture and Lead Edge Capital previously backed the business.

SNCF has secured a minority stake in BlaBlaCar, Unquote understands.

Founded in 2006 as Covoiturage.fr, BlaBlaCar is an online car-sharing service that links drivers and passengers to share travel costs. The startup announced in September this year that it had started to generate a profit.

The last round of funding recorded by Unquote for the startup was a $200m series-D round from Insight Venture Partners and existing backer Lead Edge Capital, doubling the amount raised during its previous round in 2014.

Company
Founded in 2012 and based in Vitry-Sur-Seine, Ouibus is a low-cost, long-distance bus operator that allows customers to travel between European cities. Ouibus was founded by SNCF and has been offering its services since 2015.

People
BlaBlaCar – Frédéric Mazzella (CEO).  

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• Topics
• Expansion
• France
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• France
• Build-up