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Technology

Omio raises US$100m in new investment

By Molly Dyson / 20 August 2020 / Contact Reporter
Business Travel News on X

Berlin-based multi-modal travel booking platform Omio has secured US$100 million in investments from existing and new investors including Temasek, Kinnevik, Goldman Sachs Asset Management, NEA and Kleiner Perkins.

The company said the additional funding will allow it to continue its organic growth and pursue mergers and acquisitions as part of its vision of “unifying global transport with end-to-end customer experiences”. Omio’s platform brings together content from rail, bus, flights, ferries, rental cars and car sharing across 37 countries in Europe and North America.

Formerly known as GoEuro, Omio expanded into North America earlier this year and grew its global reach through the 2019 acquisition of travel planning engine Rome2Rio, which allows users to search transport options to and from more than 10 million destinations worldwide.

Business travel management platform taptrip integrated Omio’s rail-booking capabilities to enable users to book train tickets within the UK.

Omio said it has seen a stronger return of travel bookings following the coronavirus crisis than expected, with consumer behaviour trending more towards ground transportation options. According to CEO Naren Shaam, bookings in Germany and France are above 50 per cent of pre-Covid-19 levels. The platform launched its Open Travel Index in June, which provides users with information on where they can travel within Europe and what restrictions may apply based on their country of origin.

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