GoEuro Raises $70 Million to Enhance Travel Planner

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GoEuro, the travel planner platform, connects travelers with trains, buses and flights all in one interface. Car rentals are also offered through the platform to make traveling simple and easy. An app is available, too, if users don’t want to use the company’s web platform.

The company, started in 2012, has impressed investors that have infused the company with capital to help build out the platform.

GoEuro announced in December 2015 that the company secured $45 million to expand their operations, with the main contributor during the Series B financing being Goldman Sachs Investment Partners.

The company has secured an additional $70 million to expand their platform in a funding round led by Silver Lake Kraftwerk and Kleiner Perkins Caufields & Byers.

The company has raised $145 million in total funding since 2012. GoEuro states that this is a new funding round that has closed. The release of the company’s monthly users was also announced today, with the company boasting 10 million monthly users. A large majority of users on the platform use the company’s mobile app.

Funding provided will be used to help the company add more transport partners to their platform and increase their overall coverage.

GoEuro supports worldwide air travel, but the company’s transport platforms span just 12 European countries. The company aims to move beyond their 500 transport partners to be able to add additional coverage across Europe.

Reuters reports that the company aims to expand to a total of 30 countries with the additional funds. The increase would more than double the company’s current coverage, which is primarily in Western Europe.

The company deals primarily with ground transportation booking. Users can book their tickets directly through the company’s platform in most cases.

TechCrunch reports  that the company aims to expand to two more countries in the final quarter of the year.

Naren Shaam, CEO and founder of GoEuro, states that the company has “one of the largest sources of inventory in Europe.”