
Omio Receives US$100M to Scale Operations
The company intends to use the newly raised capital to accelerate organic growth and opportunistic M&A activities while strengthening its product and service offering.
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CIO Applications Europe | Wednesday, August 26, 2020

The company intends to use the newly raised capital to accelerate organic growth and opportunistic M&A activities while strengthening its product and service offering.
FREMONT, CA: Omio (formerly GoEuro), a Berlin, Germany-based multi-modal travel booking platform, raised US$ 100m in funding.
Investors included Temasek, NEA, Kinnevik, Goldman Sachs Asset Management L.P., and Kleiner Perkins.
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The company plans to use the capital to accelerate organic growth and opportunistic M&A activities while strengthening its product and service offering.
Led by Naren Shaam, Founder and CEO, Omio offers a multi-modal travel booking platform featuring all transport options (including Rail, Bus, Flights, Ferries, Rental Cars, and Car Sharing) diversified across 37 countries in Europe and Northern America under the Omio brand, combined with a global reach through the planning engine Rome2Rio, which offers search and discovery of transport to and from more than 10 million locations worldwide.
The company also provides the Open Travel Index (OTI) to help travelers easily understand where they can travel within Europe and Northern America.
“Travel is an eternal need and I have no doubt in the comeback of the industry. We have seen a very promising recovery of our business over the past weeks, based on the unique strength of our product which includes all modes of transport across multiple markets. Especially in Germany and France, we are already above 50 percent of our pre-Covid-19 bookings despite marginal marketing spend. However, consumer expectations are changing and the industry will need to evolve to new standards and provide new products with a strong focus on sustainability. We will use the fresh capital to drive this change.” – Naren Shaam, Founder and CEO of Omio.
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