FlixMobility has raised a reported $561m in series F funding, adding to earlier capital provided by investors including TUM-linked UVC Partners and carmaker Daimler.
FlixMobility, a Germany-based travel services provider backed by Unternehmertum Venture Capital (UVC) Partners, yesterday scored a series F round sized, according to Reuters, at €500m ($561m).
Growth equity firms TCV and Permira co-led the round, which also featured firm HV Holtzbrinck Ventures, General Atlantic and Silver Lake.
Founded in 2013, FlixMobility operates inexpensive long-distance travel services – a coach service called FlixBus and a railway offering called FlixTrain. The company will use the cash to launch additional services, including ridesharing platform FlixCar.
FlixMobility also hopes to strengthen its market position in the US, enter South American and Asian markets next year and expand FlixTrain into additional EU member states in 2020.
John Doran, general partner at TCV, and Stefan Dziarski, partner at Permira, will join FlixMobility’s board of directors.
FlixMobility previously raised an undisclosed sum from automotive manufacturer Daimler, Silver Lake, General Atlantic and HV Holtzbrinck Ventures in 2016.
Details about the company’s historical funding are sparse, though it acquired its peer MeinFernbus in 2015. General Atlantic supplied an undisclosed amount at the same time, together with existing backers Holtzbrinck and UVC Partners, the venture capital firm affiliated with Technical University of Munich.
– This article first appeared on our sister site, Global Corporate Venturing.
