FlixBus Secures $531M in Funding At A $1.5B Valuation!

: July 19, 2019

FlixBus Has Secured $531M in Funding, Reached To A $1.5B Valuation!

 

 

FlixBus, a München-based auto mobility company, has secured a fresh €500M ($531M) investments in a "Series F" round of funding. The round was led by Permira & TCV, HV Holtzbrinck Ventures & European Investment Bank (EIB) also particpipated in the in the investments. The company gets a $1.5B in valuation during this latest funding. FlixBus's other investors include General Atlantic, Silver Lake Partners, Daimler, HV Holtzbrinck Ventures.

 

FlixBus was founded in 2011 by Daniel Krauss, Jochen Engert & André Schwämmlein in Munich and launched its first route in February 2013 in Germany. Within a year, Flixbus was operating a nationwide network. Along with the merger with MeinFernbus, the company also announced the internationalization of its business model. Flixbus continued to operate under both names for a while, but gradually phased out the "MeinFernbus" brand. Flixbus' original blue color scheme was changed to a green color scheme, inherited from MeinFernbus.

 

The company offers an ever-expanding network of more than 350,000 daily connections to 2,000 destinations in 29 countries. FlixBus' fleet of 2000 green buses offer state-of-the-art comfort with free WiFi, innovative ticketing-systems, flexible online booking, our own smartphone-app and CO2 compensation.

 

Flixbus announced its expansion into the US market on 15 May 2018. Starting 31 May, Flixbus plans to offer 180 connections within the southwest parts of the country, operating from a main hub in Los Angeles. Main cities planned to be served at launch include Las Vegas, San Diego, Tucson and Phoenix. It plans to have expanded the network to over 1000 connections by the end of 2018.

 

----------------