Index and CM-CIC inject €2.5m into Capitaine Train
French online train booking business Capitaine Train has raised a further €2.5m from its two existing backers, Index Ventures and CM-CIC Capital Privé.
The two VCs each invested €500,000 in the business in 2012. They are understood to have again split the round equally in this second investment.
Capitaine Train stated it will use the fresh funding to hire extra staff in order to support its growth strategy, and will also focus on marketing efforts.
Company
Founded in 2009, Capitaine Train allows customers to book rail tickets online – it sells tickets for both France's SNCF and Germany's Deutsche Bahn, generating revenues through fees charged to the rail operators.
Capitaine Train is based in Paris and employs 16 staff.
People
Martin Mignot is responsible for the Capitaine Train investment at Index.
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