CheckMyBus, the leading meta-search-engine for intercity buses, announces a substantial funding round backed by HOWZAT Partners, business angels Dr. Cornelius Boersch and Bernd Dietel (all members of ANGELGATE) and the founders.
The investment will allow CheckMyBus to further accelerate international growth, expansion of bus connections as well as the company’s global brand position.
The $70 billion bus market still processes about 90% of all bookings offline. During the last few years however there has been a constant transition towards the digital world with significant growth rates fostered by the liberalization of EU markets and the improvement of products. With real time price and availability comparison as well as an offer of over 3 million weekly bus departures, CheckMyBus simplifies the user’s customer journey and supports the online transition of the bus market.
“We believe that online sales for intercity bus travel will show extraordinary growth in the coming years, driven also by the offer of meta-search-engines like us. The support of the new investors puts us in a strong position to take full advantage of this growth potential”, says Marc Hofmann, CEO of CheckMyBus.
Sascha Hausmann, Partner at HOWZAT and former early stage investor in trivago explains: “With great scalability and superior content for users, meta-search is predicted to become an equal success story in the bus market comparable to what we have seen for hotels or flights.”
Dr. Cornelius Boersch, who has supported more than 200 companies as business angel, comments: “CheckMyBus has shown an impressive speed going international with a high quality product and a clear benefit for users and bus operators alike.”