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GoEuro raises $70 million in a new funding round led by Silver Lake Kraftwerk and Kleiner Perkins Caufield & Byers

Berlin 4 October 2016: GoEuro, the travel platform for trains, buses and flights across Europe, has announced the closure of a new funding round totaling $70 million, led by Silver Lake Kraftwerk, a fund of Silver Lake, a global leader in technology investing, and Kleiner Perkins Caufield & Byers, a leading Silicon Valley venture capital firm.

The new investment follows a successful funding round in December 2015 of $45 million. It will enable GoEuro to continue to execute on its vision to make travel easy and solve the complicated logistical and technical challenges of the €150 billion market, by bringing a simple mobile booking experience to the traditional industry. The ground transportation network in Europe is very developed but, unlike the air industry, no one has ever unified or standardized it before. By building a seamless travel planning solution as a single and integrated source of information, GoEuro allows customers to book the fastest, cheapest and best travel options by train, bus and flight to any city, town or village in Europe. It also benefits transportation providers by filling seats and increasing utilization rates.

Naren Shaam, CEO and Founder of GoEuro: “Our objective is to connect every single location on the map with a click of a button. After three years of intensive work, we’ve managed to attract 10 million users a month, integrate more than 5 million routes across Europe, 12 countries, 500 partners and sell tickets to millions of customers from more than one hundred countries. This new investment from such experienced investors will allow us to scale into many new markets and go deeper into the ones we already have, as well as accelerate development of the world’s most comprehensive reservations platform for trains, buses and flights.”

The funds will fuel a significant expansion of GoEuro's coverage starting from its current 500 travel partners in 12 countries. The rapid growth of GoEuro so far is due to an experienced and diverse team of over 180 people from over 40 countries, which will continue to expand to help create the best travel tool for Europe.

FBryce Lee, Managing Director of Silver Lake Kraftwerk: “In just three years, GoEuro has built a truly differentiated technology platform that allows true multi-modal comparison of rail, coach and air across Europe. We believe GoEuro has a clear opportunity to be the leading travel platform in this nascent market that today is still predominantly offline. We are delighted to partner with GoEuro to help the company further accelerate growth.”

Mood Rowghani, General Partner, Kleiner Perkins Caufield & Byers: “GoEuro provides an essential service to travelers across Europe and has grown tremendously to become a part of consumers’ daily lives. Naren is an exceptional entrepreneur with a unique ability to marry big ambitions with strong business acumen. We are delighted to partner with him to achieve GoEuro's mission of becoming the world's largest travel booking service.”

In total, GoEuro has now raised more than $145 million including investments in previous funding rounds and participation in the new round from Atomico, Battery Ventures, Goldman Sachs Investment Partners, Lakestar, and NEA. GoEuro is now poised to join the small circle of European start-ups seen to have the potential to become multi-billion dollar companies.

About GoEuro

GoEuro is a travel platform that allows customers to search and book trains, buses and flights across Europe. Partnering with over 500 European transport operators, GoEuro is revolutionising the travel planning experience, constantly providing customers with more choice, transparent pricing, travel times and easier booking.  

GoEuro lets travellers search to and from any location, including towns and villages, showing the best possible transport combinations while eliminating the need to visit multiple websites to plan an entire trip. With GoEuro, travel planning is simple, flexible and personal.

The travel startup is headquartered in Berlin, with over 180 employees from more than 40 countries and announced last December the closure of a funding round totalling $45 million led by Goldman Sachs Investment Partners.

About Kleiner Perkins Caufield & Byers

Kleiner Perkins Caufield & Byers (KPCB) partners with the brightest entrepreneurs to turn disruptive ideas into world-changing businesses. The firm has helped build and accelerate growth at pioneering companies like Amazon, Google, Lending Club, Nest, Twitter, Uber, and Mandiant. KPCB offers entrepreneurs years of operating experience, puts them at the center of an influential network, and accelerates their companies from success to significance.

For more information, visit www.kpcb.com and follow us @kpcb.

About Silver Lake Kraftwerk

Silver Lake Kraftwerk is part of Silver Lake, the global leader in technology investing with over $24 billion in combined assets under management and committed capital and a team of approximately 100 investment and value creation professionals located around the world. Silver Lake Kraftwerk provides growth capital to technology and tech-enabled businesses driving efficiency across the operations, energy, and resources industries. The fund targets companies globally that leverage technology and business model innovation across a number of sectors, such as transportation, logistics, manufacturing, oil and gas, power generation and transmission, energy efficiency, waste, water, and agriculture, among others. For more information about Silver Lake Kraftwerk and its entire portfolio, please visit www.silverlake.com.


GoEuro Signs Partnership with SNCF, Adding French Train Travel Options to Expand its European Coverage

January 28, 2016: GoEuro, the two-year-old search engine for comparing and booking rail, coach and flight travel across Europe, has announced the launch of its full product offering in France after signing a new partnership with SNCF, France’s national rail service.

Travelers can now plan trips to more than 30,000 destinations all over France and across Europe – not just cities and airports like many other sites. They can compare rail, coach and air travel options in a single search, eliminating the need to visit multiple websites to plan their entire journey. GoEuro now covers all rail, coach and air travel in 11 countries.

Whether traveling from Paris to Marseille, between Nîmes and Béziers, from Cambridge to Edinburgh, or through the Spanish countryside, GoEuro offers passengers the best possible transport options and combinations based on price, duration, and convenience – all in the user’s native language and currency.

Naren Shaam, CEO and founder of GoEuro said, “The addition of France is great for our users and a milestone for GoEuro. We launched less than three years ago, at a time when this form of simple online search was only available for air travel. We are proud to be developing the technology behind an easy to use platform that will integrate Europe’s coach and rail networks with the airline industry, bringing this market into the 21st century.”

France alone has more than 83 million visitors annually, and the French transportation network adds more than 3,000 train stations, 450 bus terminals and 91 airports to the GoEuro system, enabling travellers to reach more than 30,000 European destinations in France as well as the UK, Germany, Spain, Luxembourg, Belgium, Netherlands, Switzerland, Austria, Poland and Italy.

Guillaume Pepy, CEO of SNCF commented, “France is the most visited destination in the world and rail, as the most competitive mode of transport, is the quintessential way to explore it. Through this partnership, GoEuro users are able compare and discover the convenience and great service SNCF has to offer.”

GoEuro has been backed by leading European and US investors since its inception. Among them, Groupe Arnault, the holding company of Bernard Arnault, has been very supportive of the partnership with SNCF, the largest French transportation company, an important milestone in the development of the company.


GoEuro secures $45 million in Series B financing led by Goldman Sachs Investment Partners

9 December 2015: GoEuro, Europe’s largest platform for planning and booking all rail, bus and air transportation, has announced the closure of a Series B funding round totalling $45 million. The funding was led by Goldman Sachs and joined by new investors including Atomico, Yuri Milner and Tom Stafford, Sebastian Siemiatkowski (Klarna) and Ilkka Paananen (Supercell).

Naren Shaam, Founder and CEO of GoEuro, said: “This new investment is a huge endorsement to the progress we have made since our launch two and a half years ago. It will allow us to further accelerate our growth, and continue to build the most comprehensive platform for rail, bus and air travel in Europe - making tens of thousands of destinations easily accessible for travellers from all over the globe.”

The company is addressing a market where over €150 billion is spent yearly on travel across Europe, utilizing proprietary technology to present all rail, bus, air transportation options, thereby creating a single, unified source of information for all consumer travel needs.

Christopher Dawe, Co-Head of Goldman Sachs Investment Partners Private Investments, commented, “GoEuro has made impressive progress in bringing the last untapped market within the travel industry into the 21st century. With over 50k train and coach stations across Europe, yet no online solution to search and book travel in a similar manner to what already exists within the airline industry, we see a tremendous opportunity to fill the void by building the leading multi-modal travel platform.”

Niklas Zennström, founder and CEO of Atomico added, "GoEuro is only two years old but we have been extremely impressed with their international approach to revolutionizing European travel. I am also delighted to see successful entrepreneurs like Ilkka and Sebastian re-investing in the tech community and strengthening Europe's tech ecosystem. The international team at GoEuro are all amongst the best in the industry, with ex-employees of global technology brands joining the ranks in recent years and we look forward to working with Naren and his team to help scale GoEuro further."

GoEuro now operates in a contiguous area of 11 countries across Europe with a combined population of 400 million, offering its users the ability to search and book the fastest, cheapest, and most convenient journeys with over 40 railway companies, over 300 bus operators and all airlines, while helping operators reach new customers from all over the world.

The additional funding will enable the company to accelerate its growth through 2016 and beyond, with a focus on investment in new partner integrations, product development, continuing to attract the best talent to GoEuro, and customer acquisition both within Europe and globally.

Mr Shaam continued, “GoEuro today already reaches travellers from more than 120 countries, in 15 languages, and we’re making travelling in Europe easier than ever before – both inside countries and across borders. The support from Goldman Sachs and Atomico will enable us to focus even more on our vision of building the only tool you need to fully benefit from Europe’s excellent rail, bus and air travel infrastructure.”

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About GoEuro: GoEuro is a travel search platform that allows customers to search and book rail, bus and air transport across Europe. Partnering with over 340 European transport operators, GoEuro revolutionises the travel planning experience, providing customers with more choice, transparent pricing, travel times and easier booking. GoEuro lets travellers search to and from any location, including towns or villages, showing the best possible transport combinations based on price, total travel time and convenience, eliminating the need to visit multiple websites to plan an entire trip. With GoEuro, travel planning is simple, flexible and personal. The company is based in Berlin, with 150 employees from 32 countries.

About Goldman Sachs Investment Partners: With more than $6 billion in private investments, the Goldman Sachs Investment Partners (GSIP) private investment team is dedicated to late-stage venture capital and growth equity investing. The team partners with entrepreneurs globally to build disruptive businesses and, since 2003, has invested in over 100 private transactions, including Uber, Facebook, Pinterest, Spotify, thredUP, foodpanda, and Compass. The GSIP private investment team has offices in New York, London, Hong Kong, and Mumbai.

About Atomico: Atomico is an international investment firm, focused on helping the world’s most disruptive technology companies scale and become global leaders. Founded in 2006 by Niklas Zennström, a co-founder of Skype, Atomico has made over 50 investments over four continents, including Skype, Supercell, Klarna, Truecaller, ZocDoc and The Climate Corporation, with an exclusive focus on the technology sector.


GoEuro Launches in Switzerland, Adding Rail, Coach and Air Transport to the #1 Winter Destination in World

September 9, 2015: Travel search and comparison platform now offering train, bus and flight options to over 34,000 unique destinations across Europe.

GoEuro, the easy-to-use search platform that compares and combines train, bus and flight options, today announced its expansion into Switzerland, adding new partnerships with ExpressBus and SBB, the largest railway company in Switzerland. The move will significantly expand the number of routes connecting Switzerland to other European destinations via bus companies such as Eurolines, Ouibus and Meinfernbus.

The addition of Switzerland – which becomes the eighth national market now available via the GoEuro website, joining the UK, Germany, Spain, Luxembourg, Belgium, Netherlands and Italy – contributes a further 4 airports, 600 train stations, and 60 bus stations to the GoEuro platform, bringing the total number of possible journey destinations to 34,108. With this move, GoEuro also becomes the first travel metasearch engine to integrate live data from Swiss Railways. In contrast to traditional online booking platforms, GoEuro.com enhances the travel planning experience by helping users find the most efficient way to search online.

Travellers can plan routes to and from local towns and villages – not just cities and airports like many other sites – and then compare air, rail and bus travel options in a single search, eliminating the need to visit multiple websites to plan their entire journey. Whether travelling within the Zurich-Bern-Basel Triangle, or between Geneva and Lugano, GoEuro offers passengers the best possible transport options and combinations based on price, duration, and convenience – all in the user’s native language and currency.

Naren Shaam, CEO of GoEuro, commented, “We are delighted to launch in Switzerland. With SBB as our new partner, GoEuro is a perfect fit for the alpine cantons where rail is the main mode of transport. Travellers to and from Switzerland now have the ability, for the first time, to compare air, rail and bus options in just one search by using GoEuro.”

SBB spokesperson added, “The most important aspect of this test for SBB is to ensure that our clients, no matter where they are, will have the easiest access to our train tickets.”


GoEuro launches the ultimate European transport app

May 27, 2015: GoEuro has launched a brand new free and easy to use app for both Android and iOS that provides the best options for travel by train, coach or air at the simple touch of a button.

The new app will allow users to compare travel time and prices from over 160 train and bus companies as well as airlines globally, enabling them to compare travel time and prices for the full journey, and book their tickets. The service is available for 8 countries, giving users access to most small towns and villages and covering over 30,000 unique locations within the main European markets, making it the first app to be able to find the cheapest, fastest or best way to travel the entire continent.

Naren Shaam, CEO of GoEuro said “This app makes rail and coach travel as easy to search, compare and book as it is for air; this travel companion will grant you real-time transport information and booking options for every corner of our optimized markets, including major destinations such as London, Berlin, Barcelona or Milan.

Travel search has traditionally been dominated by websites and apps that focus on air and accommodation bookings, however the increased popularity of rail and coach transport within the UK and Europe has opened a huge gap in the market to combine all modes of transport in one place. We are offering a must-have product for anyone looking to book coaches, trains and air travel domestically or within Europe.”

Covering over 33.000 train stations, coach terminals and airports across Europe, the GoEuro app offers the services of three apps in one, eliminating the need to download multiple travel apps.

The GoEuro app can be downloaded from the app store on both Android and iOS phones.

Android: https://play.google.com/store/apps/details?id=com.goeuro.rosie
iTunes: https://itunes.apple.com/en/app/goeuro/id885372509


GoEuro announces appointment of Google´s Kacper Nowicki as CTO

February 11, 2015: After securing a $27 million investment led by NEA in November 2014, GoEuro (www.goeuro.co.uk) the comparison search engine for train, bus and air travel - has announced the appointment of former Google Engineering Director, Kacper Nowicki, as the company’s Chief Technology Officer (CTO).

With currently over 150 rail, bus and other transport partners across seven countries, GoEuro is fundamentally an engineering-driven tech company with significant planned expansion throughout Europe. The company expects to scale up to over 1000 rail, air and bus companies across Europe within next few years.

Kacper joins the company at a period of significant growth, and will lead the way in building a scalable platform that will allow this unprecedented integration of partners across Europe with real-time data. This, along with placing mobile at the core of GoEuro’s product, will make booking trains and buses across Europe as easy as booking flights.

Polish-born Nowicki, who graduated with a Master’s Degree in High Energy Physics from Warsaw University in 1993, is a software architect and engineer with over 20 years of experience in the design and development of computer software. He joins after spending 8 years at Google where he built Polish engineering team and worked on search, infrastructure and cloud products.

GoEuro Founder and CEO Naren Shaam comments: “Kacper brings a wealth of experience and technical leadership from engineering companies such as Google to the growing Berlin startup ecosystem. He joins a strong COO, Malte Cherdron, among others in a truly international team, with 80 people from 30 different countries, to help build the most sophisticated European transportation booking system available today.”

Kacper Nowicki adds: “GoEuro has an impressive business model and made great progress with its product since it was launched in 2013. I am looking forward to solving a problem of providing best answers for people searching for transportation connections. Finding the best routes for our users is difficult, we serve about 50 time more stations in Europe than there are airports. I look forward to bringing engineering-driven culture to GoEuro, data driven decision making and speed of execution, Google-style.”


GoEuro Launches in Italy

January 20, 2015: The easy-to-use search platform that compares and combines trains, bus and flights, today announces its expansion into Italy, having added new partnerships with several bus companies and becoming the first to partner with both Italian train operators.

In less than 18 months since the platform was launched, Italy becomes the seventh national market now available via the GoEuro website, joining Germany, UK, Spain, Luxembourg, Belgium, and Netherlands. The addition of Italy adds a further 38 airports, 6,663 train stations, and 1,082 bus stations – bringing the total number of possible journey destinations to 32,959.

GoEuro.it provides a contrast to traditional online booking platforms: Travellers no longer switch between local websites and operators to arrange onward travel from main international airports. GoEuro compiles all possible journey options to a required destination in one search, displaying available flights, trains and bus connections – all in a user’s native language and currency. Whether journeying from Naples to Milan, or Bologna to Rome, GoEuro offers passengers the best possible transport options and combinations based on price, journey duration, and convenience, irrespective of whether their final destination is a large city, small town, or village.

Naren Shaam, CEO of GoEuro, comments: “Italy not only delivers us great bus and rail partners, it gives our customers expanded access to transportation in one of the greatest destinations in Europe. Italy is ranked 5th in the world’s top international tourism destinations by the World Tourism Organisation, and visitors will be able to make the most of the excellent transport links available to them. Italy has wisely invested in developing a strong rail system; GoEuro will help them achieve even greater international recognition and more customers by connecting tourists with travel options that they might not otherwise have explored.”


GoEuro closes Series A funding of $27 million led by New Enterprise Associates

27 August 2014: Multi-mode travel platform GoEuro is pleased to announce today that it has successfully raised $27 million in Series A funding, led by New Enterprise Associates (NEA), one of world’s largest venture capital firms.

As a further sign of confidence in GoEuro’s current progress and future prospects, all three existing investors — Battery Ventures, Hasso Plattner Ventures and Lakestar —have increased their funding in the company.

GoEuro is addressing the complex challenges of the multi-billion dollar European travel market by using technology to build a new platform that normalizes massive amounts of rail, bus and air data, resulting in a solution that presents users with all travel options in a clear and concise manner. Travellers can plan routes from towns and villages, and then compare and combine air, rail and bus travel in a single search, thus eliminating the need to visit multiple websites to plan their entire journey.

The company currently operates in seven countries, Germany, UK, Spain, Italy, Belgium, Netherlands and Luxembourg, providing coverage to 20,510 railway stations, 10,011 bus stations and 207 airports. The new funding will enable GoEuro to significantly increase its rate of growth – with further key European markets to be opened later this year – and reach its goal of being the largest multi-mode travel platform across the Continent.

Naren Shaam, Founder and CEO of GoEuro, said: “We are thrilled to welcome NEA to GoEuro, they are a top tier investor with long-term thinking and deep roots in the technology sector. This is a very significant backing of the progress we have made since we launched just over a year ago. It’s a clear signal that NEA understands the market opportunity for the entire multi-mode travel industry worldwide, and GoEuro’s position as a recognized leader in the segment in Europe. We continue to see rapid increase in all our key metrics in the business and this funding will enable us to execute our growth strategy over the next few years.”

“By delivering a beautifully simple solution to a highly complex technology problem, GoEuro is rapidly gaining traction in a market that is ripe for transformation,” said Forest Baskett, General Partner at NEA. "Addressing the €200B-plus European travel market is an enormous opportunity, and NEA is thrilled to partner with GoEuro as the company expands its platform across Western Europe and to the international travel community.”

"Anyone who has booked a train or bus ticket in Europe will immediately understand how GoEuro is revolutionizing the travel industry,” said Itzik Parnafes, a Battery general partner. “The company is also an example of how companies are transforming entire ecosystems through the clever use of data—an investment thesis in which we at Battery are very interested today.”


EU COMMISSION TO LEGISLATE ON BIG DATA

16 June 2014: The Council General for Mobility and Transport of the EU Commission is currently performing a study to determine the impact of big data on the travel industry, particularly as it applies to the growing multi-mode sector.

Conducted by Ramboll Management Consulting, Claire Depré from the Council General for Mobility and Transport of the EU Commission stated: “The overall purpose of this study is to accompany the Impact Assessment for the initiative on access and availability of multi-modal travel and traffic data in the EU. The aim of this initiative is to enable fair and equal access to multi-modal travel and traffic data while improving the availability and quality of this information.“

As of 2019, the EUC will decentralise rail across Europe putting an end to long lasting monopolies. This study is poised to speed up the process as multi-modal search engines like GoEuro and RouteRank already give consumers access to the booking of rail transport options across the continent. With Google's recent addition of transportation data to their maps feature in the UK and Amadeus' increased focus on rail, the results of this study are sure to have a wide-reaching impact.

Naren Shaam, from GoEuro (www.GoEuro.co.uk) said: “The rail market is the ultimate frontier in travel meta-search and the multi-billion Euro market is there for anyone brave enough to undertake the massive task of simplifying and standardising the continent's current approach to train travel.”

Update: The European Commission have published their analysis of multi-modal planners - their press release can be found here.


REACTION TO GOOGLE MAPS’ INCLUSION OF TRANSPORT DATA IN THE UK

14 May 2014: In response to Google Maps’ integration of UK public transport data, Naren Shaam, CEO of GoEuro (GoEuro.co.uk), comments: “Google Maps’ move highlights the demand in the UK for a comprehensive transport tool. With solid partnerships and real-time data access, GoEuro already holds a strong position in this market, allowing travellers to compare and book plane, train and bus tickets within the UK as well as across Europe.”


GoEuro expands into Belgium, Netherlands and Luxembourg with 12 new transport partnerships

Travel search platform adds more routes from the UK to Europe via seven new rail providers and five additional coach companies

2 April 2014: GoEuro, the multi-mode travel search platform, today announced its expansion into Belgium, Netherlands and Luxembourg. This brings the total number of countries GoEuro operates in to six, joining existing markets Germany, UK and Spain.

GoEuro has added services from seven new rail providers and five additional coach companies. The move will expand the number of routes offered from the UK to Europe via Eurostar and coach company iDBus and joins coach routes already offered on the platform by NEX.

The new train partners are SNCB (Belgium), NS and NS HiSpeed (Netherlands) and CFL (Luxembourg). Through these partners, TGV and Thalys (France) and Eurostar (UK) are now added into GoEuro’s service. Coach services have been added from iDBus, Student Agency, Brussels City Shuttle (Flibco), and AirExpressBus. These operators join the existing partners Eurolines, National Express and Bestbustravel that operate in the Benelux region and provide service on a number of international routes to the UK, France and Germany.

GoEuro is changing the travel planning experience by helping users find the most efficient way to search online. Travellers can plan routes to and from local towns and villages – not just cities and airports like many other sites - and then compare air, rail and bus travel in a single search, thus eliminating the need to visit multiple websites to plan their entire journey.

Belgium and the Netherlands form a major crossroads for rail travel in northern Europe, providing vital trans-border connections from the UK, France and Germany. These includes Eurostar service from London to Brussels, Paris and Lille; Thalys services between Paris, Brussels, Amsterdam and Cologne, and TGV services to and from France.

Naren Shaam, CEO of GoEuro, said: “We are delighted to launch in Benelux. The region is a hub of rail and coach travel throughout northern Europe and dramatically increases GoEuro’s reach, not only in Belgium, Netherlands, and Luxembourg, but by connecting the Continent with the UK via Eurostar and providing service deep into France with TGV. This expansion means that we offer service on all major transportation modes for journeys greater than one hour from the three countries. Travellers to and from Benelux now, for the first time, have the ability to compare air, rail and coach options in just one search by using GoEuro.”


GOEURO RECEIVES MULTI-MILLION DOLLAR INVESTMENT FROM LAKESTAR

New funding follows a seed round of more than $4 million led by Battery Ventures and Hasso Plattner Ventures

23 January 2014: Multi-mode travel website GoEuro has today announced that it has received a multi-million dollar investment from Lakestar.

In addition to Lakestar, GoEuro has also welcomed Charles Petruccelli, former President of Global Business Travel for American Express, as a new investor, joining other notable names from the travel industry such as Dave Baggett (co-founder and ex-COO of ITA Software) and John Owen (former CFO and founding team member of JetBlue Airways). GoEuro is changing the travel planning experience by helping users find the most efficient way to travel. Travellers can plan routes from towns and villages, and then compare and combine air, rail and coach travel in a single search, thus eliminating the need to visit multiple websites to plan their entire journey. 

The investment will be used to accelerate GoEuro’s expansion to seven markets by summer 2014, firmly establishing it as the market leader in multi-mode travel search within Europe. Since its launch in the summer of 2013, GoEuro has experienced significant growth, expanding from its initial market of Germany into the UK and Spain, offering complete air, rail and coach coverage in all three countries. The company has signed a number of high-profile and mutually successful agreements with partners such as National Express in the UK and Renfe in Spain. This announcement also marks the company’s exit from beta in its existing markets.

GoEuro now features 150 airports, 12,900 rail, and 8,500 bus stations, serving almost 23,000 unique locations in the UK, Spain and Germany. In only six months since its launch, over 10,000 of these unique locations have featured in customer search results, demonstrating not only the reach of GoEuro’s product, but also the desire of users to embrace local travel search beyond just airports. 

Naren Shaam, CEO of GoEuro, said: “We are very pleased to have Lakestar join us. The Lakestar team brings to the company a strong background of B2C investment history and know-how including the likes of Airbnb, Spotify, Skype and Klarna. It is a vote of confidence not only for GoEuro but for the multi-mode travel space as a whole. Online travel has traditionally been dominated by websites focused on air, hotel and car rental, but the growing capability of rail and bus operators has opened the door to platforms which compare and combine rail, coach and air travel on one site. As a result, fully localized and natural search has become a reality and we’re confident GoEuro will be at the forefront of this market. We’ve seen tremendous acceptance from our customers in all three countries, with particularly strong growth over recent months in the UK and our newest market, Spain.”

Klaus Hommels , Partner at Lakestar, said: "When I first met the GoEuro team, I was amazed at their ability to build relationships with large organisations that historically have not given out proprietary information. By building these relationships, they are breaking down a huge barrier to entry and making themselves the market leader by quite a distance. We feel very positive about GoEuro as it joins our portfolio of investments in extremely innovative companies.”

 

About GoEuro:

GoEuro is a travel search website that allows you to compare and combine air, rail and coach transport across Europe.The platform revolutionises the travel planning experience, providing customers with more choice, transparent pricing, travel times and easier booking. GoEuro lets travellers search to and from any location, including towns or villages, showing you the best possible transport combinations based on price, total travel time and convenience, eliminating the need to visit multiple websites to plan an entire trip. With GoEuro, travel planning is simple, flexible and personal.

About Lakestar:

Lakestar is a global investment group that invests in outstanding entrepreneurs who share a passion to build great companies worldwide.Having invested successfully across eight geographies, Lakestar is focused on helping companies identify and expand into different markets rapidly.

 


GOEURO.ES LAUNCHES IN SPAIN TO IMPROVE ONLINE TRAVEL SEARCH

The online portal aims to unite the transportation network across Europe

Madrid, October 31st – GoEuro.es, the online search engine specialised in comparing and combining all transportation options, has launched in Spain after striking strong partnerships with all the major travel providers serving the country. GoEuro makes planning travel easier by linking flights, trains, buses and car rental, all in just one simple search.

Already up and running in Germany and the UK, GoEuro.es is now available in Spain to link all transportation options both at home and abroad. Thanks to its innovative and user-friendly design, the platform will make domestic and European travel planning simpler, and provide a unique way to compare all possible alternatives to and from any point, including big cities and small towns.

The idea for this German start-up stemmed from a four-month backpacking trip by the Founder and CEO of GoEuro, Naren Shaam, across Europe. After witnessing first-hand the difficulties of moving from one point to the other, navigating through various webs looking for the best prices and finding unexpected hidden fees, GoEuro was created to offer passengers a clear view of the various travel alternatives.

Naren Shaam, Founder and CEO of GoEuro, added: “Our objective is to find the most efficient way to travel, be it bus, rail or air (or a combination of these) and also to share the best prices available while avoiding hidden fees for our users. GoEuro makes booking travel simple, flexible and personal and the ability to determine the quickest or best priced option to or from any city or town in one simple search makes us unique in this market”

Since its launch last May, the Berlin-based company continues to revolutionise users’ experience in preparing their trip. The website searches and analyses the main transportation modes including, the national rail carrier RENFE, bus companies Alsa, Avanza and over 25 other operators, as well as all airlines serving Spain.

In total, GoEuro will provides to access to 41 airports, 3,277 bus stations and 1,619 train stations in Spain.

Various international business angels stand behind GoEuro, such as Battery VenturesHasso Plattner Ventures, but also notable industry leaders such as Dave Baggett from ITA software and Jeff Sagansky from Global Eagle Entertainment. Through their support the company was able to raise seed funding of $4 million last February.

One of the biggest supporters of the GoEuro project in Spain is Carlos Muñoz, Founder and CEO of Volotea and founder and former CEO of Vueling. “I believe the GoEuro team has done excellent work in the last year, and its launch in Spain is very good news for both consumers and the travel industry sector. Essentially, GoEuro has managed to integrate the different transportation modes available – airlines, trains and buses – into a single, simple and effective search engine, as demonstrated by GoEuro’s success in demanding markets like Germany and the UK.”


GOEURO LAUNCHES FULL UK SERVICE FOLLOWING NATIONAL EXPRESS PARTNERSHIP

Multi-mode travel website now lets travellers compare air, rail and coach services across the UK and Europe

London, 23rd October 2013: Multi-mode travel website GoEuro has today announced the launch of its full UK service and a partnership with National Express. Users can now compare coach routes and prices side-by-side with rail and air on its site.

GoEuro helps travellers find the most efficient way to travel from one location to another by comparing and combining air, rail and coach travel in one simple search engine.

The site is unique as it allows travellers to plot routes from and to villages or towns in any location. It is particularly useful for getting to a destination which is not serviced by an airport.

The company has experienced exceptional growth since it launched in May with a platform letting users plan routes using rail and air travel. The partnership with National Express brings the UK in line with the rest of GoEuro’s European offering by also including coach routes in the search results.

National Express is the largest coach operator in Europe, carrying over 18 million passengers each year to 1,000 destinations in the UK and 500 in Europe. The partnership with GoEuro also includes National Express’s European operator Eurolines which travels to major cities such as Paris, Brussels and Amsterdam.

Naren Shaam, CEO of GoEuro, said: “The full launch of GoEuro in the UK is a huge milestone for us. Each one of the thousands of routes National Express runs will now be completely searchable on GoEuro, letting travellers plot the fastest or cheapest routes to destinations within the UK and across Europe. “

“National Express is the largest coach company in the Europe and services hundreds of local towns, which makes it the perfect addition to GoEuro’s product. Not only will this let us offer an even better service in the UK, but the addition of Eurolines boosts our entire European offering.”

Tom Stables, Managing Director – Coach of National Express, said: "GoEuro, an innovative online technology company, fits perfectly with National Express' strategy of expanding our international distribution through effective online partnerships to drive incremental revenue for our business. GoEuro's growing popularity and high overseas visitor traffic allows National Express to reach new and relevant customers in highly targeted way."

About GoEuro:

GoEuro is a travel search website that allows you to compare and combine air, rail and coach transport across Europe.

The platform revolutionises the travel planning experience, providing customers with more choice, transparent pricing, travel times and easier booking. GoEuro lets travellers search to and from any location, including towns or villages, showing you the best possible transport combinations based on price, total travel time and convenience, eliminating the need to visit multiple websites to plan an entire trip. With GoEuro, travel planning is simple, flexible and personal.


 


GOEURO EXTENDS ITS COVERAGE OF RAIL, BUS, AND AIR TRAVEL IN EUROPE
With over 40 new bus companies, including Berlin Linien Bus and City2City, plus the integration of German regional and inner-city transportation networks.

(Berlin, 06.08.2013) -- GoEuro (www.goeuro.com) the multi-mode travel search website that allows users to plan journeys by comparing and combining air, rail, bus and car transport has further improved its coverage in Germany. With the integration of over 40 new bus companies, including Berlin Linien Bus and City2City, GoEuro has significantly increased its regional and long distance bus routes within Germany and Europe. In addition, regional rail transportation networks and detailed information for local transit across Germany are now available.
 
Since its launch in late May, the Berlin-based company has offered a simple and complete overview of train, bus, and plane connections. On GoEuro.com uses can easily compare and combine all travel options. All air searches automatically include transportation costs to and from the airport, check-in, and waiting times, with information displayed so that a real comparison can be made with train and bus alternatives. With GoEuro, travellers can search to and from any location in Europe, including small towns and villages, eliminating the need to visit numerous websites to piece together an entire journey.
 
Naren Shaam, CEO of GoEuro: "The fact that such important companies like C2C and BLB join our partner network shows again that vendors and customers need to have a transparent and efficient search where estimates for all modes of travel can be compared."
 
Jochen Engert, CEO of FlixBus GmbH: "We are pleased with GoEuro and their reach to users of other transport. We need to convince travelers to use our product. Many bus routes are by far the cheapest options and are convenient."
 
Roderich Donker van Heel, CEO of National Express Germany GmbH: “With the the addition of new City2City distance buses, we offer more affordable and convenient connections between major German cities. We hope to make German bus travel more mainstream in the near future. Therefore, the cooperation with GoEuro was the next logical step. With the integration of us into an international online platform, we increase our exposure and become more attractive to travellers."
 
In the short time since launch, the young company has set new standards for European travel platforms. GoEuro continues to grow into the largest selection of transportation connections and providers with the best coverage in Europe.

About GoEuro
GoEuro is a travel search website for Europe that compares and combines air, rail, bus and car rental options. The online platform revolutionises the travel search experience, providing customers with more choice, better pricing and easier booking. GoEuro lets travelers search to and from any location, including towns or villages, showing you the best possible transport options and combinations based on price, total travel time and convenience and eliminating the need to visit multiple websites to plan an entire trip. With GoEuro travel planning is simple, flexible and personal.
 
About FlixBus
FlixBus specializes in regional and distance buses, with its headquarters in Munich. As of Februar 2013, they offer over 500 budget connections to over 40 German metropoles and border cities. FlixBus cooperates with other medium-sized bus companies in order to provide the best coverage.
 
About City2City

City2City is a new bus line from National Express Germany GmbH. Founded just three months ago, City2City has a network from Munich to Hamburg, with 223 buses and 350 departures per week. The company is part of the National Express Group. The company is part of the National Express Group, an international transportation company from the United Kingdom. The National Express Group has over 25,000 vehicles in its fleet and make over 800 million journeys per year.


TRAVEL SEARCH WEBSITE GOEURO LAUNCHES IN OPEN BETA 
(29/5/2013) -- GoEuro, a multi-mode travel search website that allows users to plan journeys by comparing and combining air, rail, bus and car transport, officially launches in open beta today. The GoEuro offering covers the whole of Europe, with the most extensive transport options available in Germany and the UK at the time of launch. Through GoEuro, travellers can search to and from any location in Europe, including small towns and villages, eliminating the need to visit numerous websites to piece together an entire journey. The site provides users with detailed journey plans and finds the best options for different modes of transportation based on both total travel time and price. The launch comes just three months after GoEuro secured $4m in seed financing from Battery Ventures and Hasso Plattner Ventures.

GoEuro allows users to enter in their starting point (city, town or even village), and specific destination. It then shows the user multiple solutions for air, rail, bus and car travel for their journey. Depending on the search, it not only allows easy comparison of the various modes of travel, but also combines air with ground transportation, enabling the user to view the entire journey, plus alternate airport choices as needed. Through GoEuro, users can find and book transport based on price, total travel time and routing - simplifying the entire journey planning experience. To achieve this, GoEuro takes on the challenge of bringing together mass data from various national transport providers, which travellers can then access in a very simple, user friendly format.

Naren Shaam, CEO of GoEuro said:  “Our goal is to provide the best possible travel planning experience, as well as the most competitive fares, without any additional fees to our users. A key part of this is to become a leader in a new category of online travel that goes beyond the dispersed offerings focused on airlines and airports as the start and end points of the journey. For example, if I want to travel from London to Heidelberg, Germany, GoEuro will give me multiple flight choices together with train connections to and from nearby airports, as well as direct train and  bus options, helping me to plan my whole trip quickly and easily. In this way, GoEuro makes travel planning simple, flexible and personal for everyone.”

GoEuro launches with strong partners, including Deutsche Bahn, Rail Easy, Eurolines and Rentalcars.com, as well as worldwide air from multiple sources. GoEuro is in the process of integrating additional partnerships across Europe and will continue to expand its offering over the coming weeks and months. With online travel search currently focused heavily on the airline industry, GoEuro levels the playing-field by offering rail and bus operators the opportunity to have their service presented alongside air, making comparison easy. GoEuro is free to customers and monetizes through revenue sharing agreements with travel partners on ticket sales.

About GoEuro
GoEuro is a travel search website for Europe that compares and combines air, rail, bus and car rental options. The online platform revolutionises the travel search experience, providing customers with more choice, better pricing and easier booking. GoEuro lets travelers search to and from any location, including towns or villages, showing you the best possible transport options and combinations based on price, total travel time and convenience and eliminating the need to visit multiple websites to plan an entire trip. With GoEuro travel planning is simple, flexible and personal.


GOEURO RAISES $4 MILLION FROM BATTERY VENTURES, HASSO PLATTNER VENTURES AND KEY ANGLES IN SEED FUNDING ROUND
New multi-mode travel search platform secures investment to build out team and bring innovative solution to market

Berlin, Germany (4/5/2013) – GoEuro, a new multi-mode travel search platform for Europe that compares and combines all types of transportation, announced today it has successfully closed its seed funding round of $4 million. Led by Battery Ventures and Hasso Plattner Ventures (HPV), and joined by notable industry leaders including Dave Baggett (ITA Software - a leading provider of innovative solutions for the travel industry) and Jeff Sagansky (Global Eagle Entertainment - largest provider of entertainment for worldwide airline business), the funding will be used to support GoEuro’s product development and recruitment as it approaches its release into closed beta.

GoEuro aims to transform online travel search by combining air, rail, bus and car rental options, providing significantly greater choice, allowing for lower pricing and easier booking. GoEuro users will search to and from any location, including towns or villages, showing the best possible transport combinations based on price, total travel time and convenience, eliminating the need to visit multiple websites to plan the entire trip. The company has secured agreements with numerous travel partners across Europe and developed proprietary algorithms together with local mapping techniques to provide the customer with increased choice and flexibility for the whole journey planning process.

Naren Shaam, Founder and CEO, GoEuro, said: “There are significant complexities involved in building a search platform from the ground up, which seamlessly integrates massive amounts of data from every airline, rail and bus operator and car rental firm across Europe. Now with this financing and experienced team of investors on board, as well as the commitment from transport operators to partner with us, we look forward to providing consumers with the ultimate travel search experience.”

“We have been investing more and more in Europe, and believe GoEuro represents the best of a new generation set on disrupting the status quo in big, staid markets,” said Itzik Parnafes, General Partner, Battery Ventures. “This early investment will help the company recruit, go to market and truly make an impact. We’re proud to be part of the team.” Battery’s experience in the travel industry includes such companies as Duetto, Gogobot, HotelTonight, ITA Software (acquired by Google) and Sabre.

Yaron Valler, Managing Partner, HPV, commented: “We have invested in GoEuro because we believe it will have a major impact on consumers seeking a one-stop destination to plan their journey within Europe - not just from airport to airport. This in turn provides a huge opportunity for transport operators, in particular bus and train, to capitalize on this efficient method of travel planning and significantly increase advance ticket sales. We’re thrilled to be part of GoEuro’s journey.”

Dave Baggett, founder of ITA Software, added: “Train and bus play an integral part of European travel and the market needs disruption with a single source of all available information on travel optionality. The GoEuro team is well positioned to make this change.”

For additional information on GoEuro or to sign up for a closed beta invite, please visit: //www.goeuro.com

About GoEuro
GoEuro is a multi-mode travel search engine for Europe that compares and combines air, rail, bus and car rental options. The online platform revolutionizes the travel search experience, providing customers with more choice, better pricing and easier booking. GoEuro lets travelers search to and from any location, including towns or villages, showing you the best possible transport combinations based on price, total travel time and convenience, eliminating the need to visit multiple websites to plan an entire trip. With GoEuro travel planning is simple, flexible and personal.

About Battery Ventures
Since 1983, Battery has been investing in category-defining ideas and high potential companies and management teams worldwide. The firm views its investment as a true partnership, and works hard to help its companies carve out unique positions, dominate markets and reach business goals. Battery funds companies in technology and related markets at the Seed, Early, Growth and Buyout stage. For a full list of Battery’s companies go to: http://www.battery.com/our-companies/list/

The firm has offices in Boston, Silicon Valley and Israel, and has raised more than $4.5B since inception. Battery is currently investing BV IX ($750M) and recently announced the close of BV X ($650M) and BV X Side Fund ($250M). For more information, visit: www.battery.com.

About HPV
Hasso Plattner Ventures was founded on July 1st, 2005 in Potsdam, Germany. Our mission, instilled by our main investor, Prof. Dr. h.c. Hasso Plattner, founder and chairman of software giant SAP, is to support and inspire young software and IT entrepreneurs in the successful transformation of their ideas into sustainable and viable products and companies, in Germany and abroad. To date Hasso Plattner Ventures has successfully invested in 20 companies with accumulated revenues of over 130M Euro providing employment for nearly 1400 employees. We invest in IT, software & web service provider companies across various stages of company development from slideware to growth stage, with an investment size ranging from 250K and up to 10M Euro.


 

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