Munich-based FlixMobility, best known in Europe for its tech friendly bus service network, FlixBus and also train service FlixTrain made its debut in 2013 and just now the German transport service has picked up a record $650 million (nearly £460 million) Series G funding, a mix of equity and debt financing, at a valuation of more than $3 billion (nearly £2.1 million).
The investment round was led by new U.S. investor Canyon Partners along with participation from existing investors General Atlantic, Permira, TCV, HV Capital, BlackRock, Baillie Gifford and SilverLake.
Founded by Jochen Engert, Daniel Krauss, and André Schwämmlein, FlixBus is a blend of tech-startup, e-commerce, and long-distance transportation. Back in 2019, FlixMobility attracted €500 million (nearly £430 million) funding, a record for a German startup at that time.
UK: Second biggest network in 2021
With the latest investment, FlixBus aims to expand in the UK offering its second biggest network in the country in 2021. Andreas Schorling, Managing Director FlixBus UK: “We believe it will be a great year for domestic travel. In 2021, FlixBus will be offering the second biggest network across the country and is on a clear path to become the largest UK player by 2025. The restart of our operation has been very successful, and we expect millions of travelers already this year.”
Besides its expansion plans for the UK, FlixMobility will use the funds to grow in key markets in Europe including France,…
